England

First time buyers in Scotland borrow more in third quarter of 2016

First time buyers are driving the property market in Scotland with more loans advance to them in the third quarter of 2016 than any quarter since 2007. The latest data from the Council of Mortgage Lenders (CML) shows that overall home buyers borrowed £2.2 billion for house purchase, up 5% quarter on quarter but down […] The post First time buyers in Scotland borrow more in third quarter of 2016 appeared first on PropertyWire . Continue reading

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Letting agent fee ban will lead to higher rents, industry warns

The decision by the Chancellor of the Exchequer to ban letting agent’s fees in England and Wales could backfire and end up leading to rent rises, according to the industry. Philip Hammond announced in his autumn statement that the ban will help 4.3 million households in private rental housing and stop them being hit by […] The post Letting agent fee ban will lead to higher rents, industry warns appeared first on PropertyWire . Continue reading

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More funding for superfast broadband in UK good for home sellers

The UK is to spend millions of pounds extending the country’s fast fibre optic broadband network which could be a boost to people trying to sell their home. Chancellor Philip Hammond announced the new £1 bilionfunding in his autumn statement and said that it will be rolled out to at least two million homes and […] The post More funding for superfast broadband in UK good for home sellers appeared first on PropertyWire . Continue reading

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