Deposits
Home buyers in England and Wales need bigger deposits
The average property deposit across England and Wales has increased by around £5,000 year on year despite the amount needed falling as a percentage of the price of a home, new research shows. Indeed, deposit percentages decreased year on year by an average of 1% across all regions, with the exception of Greater London where […] The post Home buyers in England and Wales need bigger deposits appeared first on PropertyWire . Continue reading →
Hundreds of thousands of landlords will face steep rise in tax from next year
More than 400,000 landlords in the UK who currently pay the basic rate of tax will find themselves forced into a higher tax bracket from April 2017, research has found. According to a survey for the National Association of Landlords (NLA) while some 22% of the estimated two million landlords in the private rented sector […] The post Hundreds of thousands of landlords will face steep rise in tax from next year appeared first on PropertyWire . Continue reading →
Interest only mortgage loans in UK could be facing multi billion pound shortfall
Home owners in the UK are facing a £6.1 billion mortgage repayment shortfall in the next decade with 27% of those with interest only loans not able to pay it back, new research suggests. More than a million interest-only mortgages will mature over the next 10 years but more than a quarter of households won’t […] The post Interest only mortgage loans in UK could be facing multi billion pound shortfall appeared first on PropertyWire . Continue reading →