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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

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Increased regulation affecting access to finance for UK home buyers

The UK has seen major changes when it comes to mortgage regulation and this has delivered a stable lending market but new research suggests this has come at the expense of home buyers. A new report from the Intermediary Mortgage Lenders Association (IMLA) which looks at regulation since the economic downturn of 2007 particularly looks […] The post Increased regulation affecting access to finance for UK home buyers appeared first on PropertyWire . Continue reading

Posted on by tsiadmin | Posted in ads, advice, affordability, age, applications, approval, ASA, barrier, borrowers, borrowing, Brexit, Brokers, build, Build To Rent, building, buy, Buy to Let, Buyers, buying, capital, change, changes, commercial, Commercial Property, Company News, consumer, data, Demand, Deposit, Deposits, Design, Dubai, economic, estate, Europe, finance, Finance Update, first time buyer, first time buyers, fixed rate, global, Global News, government, growth, home, home owners, homeowners, homes, Housing, Hunters, impact, Income, Index, interest, interest only, invest, Investment, investments, investors, Ireland, land, Landlords, Leeds Building Society, Legal, lender, lenders, Lending, Loans, Location, market, Middle East, mortgage, mortgages, move, moving, new, News, office, ONS, Outlook, owners, ownership, policies, policy, price, prices, prime, products, professionals, Property, property industry, property market, property prices, Property Sales, purchase, qualifications, rates, regulation, rent, rental, rental growth, research, Residential, review, revolution, rules, sales, search, sentiment, Shows, smart, Stamp Duty, standard, Supply, survey, tax, Taylor Scott International, trackers, Transactions, transparency, TSI, U, Uk, UK home, US, USE, value, Yields | Tagged , , , , , , , , , , | Comments Off on Increased regulation affecting access to finance for UK home buyers

Survey suggests stamp duty is significant barrier for first time buyers

Would be first time buyers believe that not having to pay stamp duty would make buying a home more affordable as the property tax is a significant barrier to doing so, a new poll shows. Some 60% of those looking to get on the housing ladder in the UK said paying no stamp duty would […] The post Survey suggests stamp duty is significant barrier for first time buyers appeared first on PropertyWire . Continue reading

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