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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 →
Home buyers in UK set to benefit from continued low mortgage rates during Brexit negotiations
Home owners and would be first time buyers are unlikely to see mortgage rates rise in the short term, according to experts who say the Bank of England monetary policy committee report signals unlikely change due to Brexit negotiations. The committee’s report says that is expects the economy to slow down during the difficult Brexit […] The post Home buyers in UK set to benefit from continued low mortgage rates during Brexit negotiations 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 →