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Rental growth in UK slowed in second half of 2016

Residential rent growth in the UK slowed considerably in the second half of 2016 and ended the year with annual growth of 1.7%, down from the 3.8% recorded in December 2015, the latest index shows. Landlords agreeing new tenancies during December achieved more modest increases in rent than in previous months, with the annual rate […] The post Rental growth in UK slowed in second half of 2016 appeared first on PropertyWire . Continue reading

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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

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Rents outside of London reach average of £750 a month, latest index shows

Renting a home is becoming more expensive in the UK outside of London as rent paid rises and pay falls, the latest letting index suggests. The average rent paid for a residential property outside the capital city was £750 in December and increased by 2.04% over 2016, according to the Landbay rental index. The index […] The post Rents outside of London reach average of £750 a month, latest index shows appeared first on PropertyWire . Continue reading

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