Leeds Building Society
Mortgage borrowing fell in UK in October with buy to let sector still weak
Home owners in the UK borrowed £10.5 billion to buy a house in October, down 8% month on month and 11% year on year, according to the latest figures from the Council of Mortgage Lenders. Overall they took out 57,800 loans, down 8% on September and 13% on October 2015, but it is the first […] The post Mortgage borrowing fell in UK in October with buy to let sector still weak appeared first on PropertyWire . Continue reading →
Fewer landlords put up rents in UK last month but agents still expect rises next year
Fewer residential tenants in the UK saw their rents rise in November but eight in 10 lettings agents expect rents to rise in 2017, new research has found. Overall some 16% of tenants experienced rent increases last month, down from the 18% recorded in October, according to the latest monthly report from the Association of […] The post Fewer landlords put up rents in UK last month but agents still expect rises next year 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 →