Equity
Equity release in UK reached new records in 2016
Equity release lending in the UK broke the £2 billion barrier for the first time in 2016, marking a landmark year for the sector, new figures show. Overall lending reached £2.15 billion for the year, an increase of 34% on 2015 with an additional £542 million of lending activity amounting to double the rate of […] The post Equity release in UK reached new records in 2016 appeared first on PropertyWire . Continue reading →
Manchester aims to build 2,000 new affordable homes a year
With cities in the UK facing a lack of affordable homes one of the biggest in the country has announced plans to build 2,000 new homes every year. Manchester City Council says it was to accelerate the delivery of affordable homes and has drawn up a housing affordability framework which aims to ensure a strong […] The post Manchester aims to build 2,000 new affordable homes a year appeared first on PropertyWire . Continue reading →
Home owners in UK aged 55 and over face poor mortgage choice
Despite more products being on offer the mortgage market in the UK still does not offer enough for people aged 55 and over, research suggests. A survey found that estate agents are becoming increasingly concerned about mortgage lending restrictions for customers aged 55 and over and the impact on the wider housing market. Some 58% […] The post Home owners in UK aged 55 and over face poor mortgage choice appeared first on PropertyWire . Continue reading →