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Incentives to be offered to older home owners in UK to downsize
Older home owners in the UK living in large family homes whose adult children no longer live with them are set to get incentives to downsize. In a bid to increase the supply of housing for first time buyers and families, the Government is set to announce in its long awaited Housing White Paper that […] The post Incentives to be offered to older home owners in UK to downsize appeared first on PropertyWire . Continue reading →
Low mortgage rates keeping affordability low for home borrowers in UK
Historically low mortgage rates are the main driver behind a significant improvement in affordability for home borrowers in the UK since 2007, new research shows. Mortgage affordability, that is the proportion of income spent on home loan payments, has remained well below the peak of 2007, according to the study from lender the Halifax, up […] The post Low mortgage rates keeping affordability low for home borrowers in UK appeared first on PropertyWire . Continue reading →
UK landlords call for March Budget to address concerns over tax change and stamp duty
The UK Government is being urged by landlords to use the upcoming Budget in March to reassess its policy on stamp duty for buy to let properties and mortgage interest relief tax change due to be introduced in April. Alan Ward, chairman of the Residential Landlords Association (RLA) believes that the Budget provides an opportunity […] The post UK landlords call for March Budget to address concerns over tax change and stamp duty appeared first on PropertyWire . Continue reading →