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Over a Million of Britain’s Wealthiest Refused Credit Since 2011
More than a million of Britain’s wealthiest individuals have been turned down for credit over the past five years, new research by London-based bridging lender Market Financial Solutions (MFS) has revealed. According to MFS, 17% of high-net-worth individuals (HNWIs) have been refused credit since 2011, equating to 1.3 million people across the nation. Furthermore, the […] The post Over a Million of Britain’s Wealthiest Refused Credit Since 2011 appeared first on PropertyWire . Continue reading →
Just 11% of home owners in US now in negative equity, latest research shows
Some 11% of home owners in the United States still have loans worth more than their homes despite the recovery in the real estate market reaching its highest point, new research suggests. Prices are expected to rise more slowly in 2017 and while rising home values are freeing home owners from negative equity, allowing them […] The post Just 11% of home owners in US now in negative equity, latest research shows appeared first on PropertyWire . Continue reading →
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 →