referendum
First time buyers in Scotland borrow more in third quarter of 2016
First time buyers are driving the property market in Scotland with more loans advance to them in the third quarter of 2016 than any quarter since 2007. The latest data from the Council of Mortgage Lenders (CML) shows that overall home buyers borrowed £2.2 billion for house purchase, up 5% quarter on quarter but down […] The post First time buyers in Scotland borrow more in third quarter of 2016 appeared first on PropertyWire . Continue reading →
UK property industry disappointed over lack of stamp duty reform
There is disappointment in the UK property industry that Chancellor Philip Hammond did not take on board calls for a change to stamp duty, the tax paid when a property is bought. In the run up to the autumn statement there had been hope that he might reverse the 3% additional stamp duty imposed earlier […] The post UK property industry disappointed over lack of stamp duty reform appeared first on PropertyWire . Continue reading →
Fewer first time buyers in London taking out mortgages compared to a year ago
Fewer first time buyers in London took out mortgages compared with a year ago which could be a sign that rising house prices and lack of affordable homes to buy is affecting their ability to get on the housing ladder. First time buyers borrowed £3.1 billion in the third quarter of 2016, up 7% on […] The post Fewer first time buyers in London taking out mortgages compared to a year ago appeared first on PropertyWire . Continue reading →