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Research finds shared ownership is still too expensive for many first time buyers
Shared ownership schemes in the UK designed to help first time buyers onto the housing ladder are still unaffordable and put the majority of properties out of reach, new research has found. A report from consumer organisation Which? reveals the true scale of how unaffordable shared ownership schemes are in some areas, particularly Greater London. […] The post Research finds shared ownership is still too expensive for many first time buyers appeared first on PropertyWire . Continue reading →
Tougher lending criteria and tax change set to affect majority of UK landlords
The majority of landlords in the UK believe they will be affected by the new tougher mortgage affordability tests and by income tax changes due to be introduced in April of this year. Some 60% said they believe they will be directly affected by income tax relief changes but 29% said that they would not, […] The post Tougher lending criteria and tax change set to affect majority of UK landlords appeared first on PropertyWire . Continue reading →
CML publishes more pessimistic outlook for home lending in UK in 2017
The Council of Mortgage Lenders, which represents the vast majority of home lenders in the UK, has revised its forecast for 2017 downwards from previous expectations of a year ago. It say that the change reflects economic uncertainties as well as new tax burdens and regulatory changes in the housing and mortgage markets but it […] The post CML publishes more pessimistic outlook for home lending in UK in 2017 appeared first on PropertyWire . Continue reading →