rent rises
Letting agent fee ban will lead to higher rents, industry warns
The decision by the Chancellor of the Exchequer to ban letting agent’s fees in England and Wales could backfire and end up leading to rent rises, according to the industry. Philip Hammond announced in his autumn statement that the ban will help 4.3 million households in private rental housing and stop them being hit by […] The post Letting agent fee ban will lead to higher rents, industry warns appeared first on PropertyWire . Continue reading →
First time buyers often rent as it takes so long to find a home to buy in the US
First time buyers in the US consider renting while they find their dream home as it can take so long to get on the housing ladder, new research suggests. The housing market is currently so competitive that it takes more than 17 weeks to find a new home to buy but data from real estate […] The post First time buyers often rent as it takes so long to find a home to buy in the US appeared first on PropertyWire . Continue reading →
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 →