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Mortgage arrear rate in UK at 20 year low

The overall rate of mortgage arrears in the UK is still at a 20 year low with no change between the second and third quarters of 2016, the latest published data shows. According to figures from the Council of Mortgage Lenders some 0.84% of all mortgages recorded arrears, equivalent to more than 2.5% of the […] The post Mortgage arrear rate in UK at 20 year low appeared first on PropertyWire . Continue reading

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Low mortgage and interest rates in UK benefitting remortgagers

Remortgaging property owners in the UK are taking full advantage of record low interest rates and the cut to the Bank Rate according to the latest research from surveyors. In October the number of remortgage valuations was 16.8% higher than it was in October 2015 as home owners locked into attractive deals, says the report […] The post Low mortgage and interest rates in UK benefitting remortgagers appeared first on PropertyWire . Continue reading

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Downsizers in UK unrealistic about what their money can buy, research suggests

Older home owners in the UK who want to downsize have unrealistic expectations about how much money they will raise as property prices in the country continue to rise, it is claimed. Estate agents are seeing growing demand from clients looking to downsize to raise cash with 66% reporting a rise in enquiries over the […] The post Downsizers in UK unrealistic about what their money can buy, research suggests appeared first on PropertyWire . Continue reading

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