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UK Government pledges to build more homes more quickly to buy and rent
New measures to reduce the obstacles to new house building and improve affordability for buyers and tenants have been announced by the UK Government in a much awaited Housing White Paper. The report reveals that more than a third of new homes that were granted planning permission between 2010/2011 and 2015/2016 have yet to be […] The post UK Government pledges to build more homes more quickly to buy and rent appeared first on PropertyWire . Continue reading →
Research suggest renters in UK worse off in terms of financial planning
Millions of people in the UK who rent their homes from private landlords are putting themselves and their families at risk of eviction and financial hardship, it is claimed. Many do not have a financial back-up plan and 30% of private renters admit they would not be financially secure if the main household income was […] The post Research suggest renters in UK worse off in terms of financial planning appeared first on PropertyWire . Continue reading →
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 →