fixed rate
Homes are becoming less affordable in the US as prices rise and wages don’t
Houses are becoming less affordable in the United States with the latest figures showing that in the final quarter of 2016 29% were less affordable than their historic affordability averages. This was up from 24% of markets in the previous quarter and up from 13% a year ago to the highest share since the third […] The post Homes are becoming less affordable in the US as prices rise and wages don’t appeared first on PropertyWire . Continue reading →
Tougher lending criteria and tax change set to affect majority of UK landlords
The majority of landlords in the UK believe they will be affected by the new tougher mortgage affordability tests and by income tax changes due to be introduced in April of this year. Some 60% said they believe they will be directly affected by income tax relief changes but 29% said that they would not, […] The post Tougher lending criteria and tax change set to affect majority of UK landlords appeared first on PropertyWire . Continue reading →
Research reveals few home owners really understand mortgage rates
Just one in four home owners in the UK with a mortgage understand how cuts to the Bank of England’s base rate could affect their mortgage payments, according to new research. In August the Bank of England made the first adjustment to the rate in over seven years, cutting it from 0.5% to 0.25% and […] The post Research reveals few home owners really understand mortgage rates appeared first on PropertyWire . Continue reading →