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Stress tests for UK buy to let mortgages set for start of 2017
Landlords wanting a buy to let mortgage in the UK will face tougher rules from lenders from next year but only for certain products it has been confirmed. But buy to let mortgages with terms of less than five years, or rates fixed for five years or more, are not to be subject to the […] The post Stress tests for UK buy to let mortgages set for start of 2017 appeared first on PropertyWire . Continue reading →
Eager UK buyers check estate agents daily
More than one in three home buyers in the UK check in with estate agencies at least once a day when they are trying to find their dream home, new research has found. Some 35% of admit to contacting estate agencies either on the phone or online daily and they register with three estate agent […] The post Eager UK buyers check estate agents daily appeared first on PropertyWire . Continue reading →
Passing on full interest rate cut would make UK homes more affordable, research points out
First time buyers in London could save up to £518 a year on mortgage payments and up to £244 in England and Wales, if the latest rate cut was passed in fully by lenders, new research has found. A full transfer of the Bank of England’s 0.25% rate cut would bring the mortgage rate down […] The post Passing on full interest rate cut would make UK homes more affordable, research points out appeared first on PropertyWire . Continue reading →