Income
Research suggest renters in UK worse off in terms of financial planning
Millions of people in the UK who rent their homes from private landlords are putting themselves and their families at risk of eviction and financial hardship, it is claimed. Many do not have a financial back-up plan and 30% of private renters admit they would not be financially secure if the main household income was […] The post Research suggest renters in UK worse off in terms of financial planning appeared first on PropertyWire . Continue reading →
Low mortgage rates keeping affordability low for home borrowers in UK
Historically low mortgage rates are the main driver behind a significant improvement in affordability for home borrowers in the UK since 2007, new research shows. Mortgage affordability, that is the proportion of income spent on home loan payments, has remained well below the peak of 2007, according to the study from lender the Halifax, up […] The post Low mortgage rates keeping affordability low for home borrowers in UK appeared first on PropertyWire . Continue reading →
UK landlords call for March Budget to address concerns over tax change and stamp duty
The UK Government is being urged by landlords to use the upcoming Budget in March to reassess its policy on stamp duty for buy to let properties and mortgage interest relief tax change due to be introduced in April. Alan Ward, chairman of the Residential Landlords Association (RLA) believes that the Budget provides an opportunity […] The post UK landlords call for March Budget to address concerns over tax change and stamp duty appeared first on PropertyWire . Continue reading →