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Basement extensions becoming more popular in the UK

The extent of the trend for home owners in the UK to build basement extensions is revealed by new research which shows planning applications for this kind of work has increased by 9% in the last two years. But in London they are even more fashionable with a rise of 11% in applications to local […] The post Basement extensions becoming more popular in the UK appeared first on PropertyWire . Continue reading

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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

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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

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