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Home prices increased faster in the US in third quarter of 2016

Persistent supply shortages throughout the United States led to slightly faster home price appreciation during the third quarter of 2016, according to the latest data from estate agents. The quarterly report from the National Association of Realtors also shows that seven of the 10 most expensive housing markets in are in the West, including San […] The post Home prices increased faster in the US in third quarter of 2016 appeared first on PropertyWire . Continue reading

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Home lenders urged to take rental payments into account

Home lenders in the UK should recognise rental payments when making lending decisions, as new research unveils that rental rates are rising rapidly when typical monthly mortgage payments for first time buyers are falling. In the UK private tenants paid more for their accommodation in 57% of districts during the third quarter of this year, […] The post Home lenders urged to take rental payments into account appeared first on PropertyWire . Continue reading

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UK financial watchdog reveals mortgage lending glitch

More than 750,000 mortgage borrowers in the UK could be in line for compensation as a result of their bank overcharging them when they fell behind on repayments. Financial watchdog, the Financial Conduct Authority, has revealed that technical glitches in many lenders’ systems had resulted in hundreds of thousands of customers being hit with excessive […] The post UK financial watchdog reveals mortgage lending glitch appeared first on PropertyWire . Continue reading

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