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House price growth putting homes out of reach of first time buyers
The number of locations in England where first time buyers using the Government’s flagship Help to Buy scheme can afford to get on the housing ladder is falling due to house price growth. A new Help to Buy Isa savings product was launched last year with the aim of helping even more first time buyers […] The post House price growth putting homes out of reach of first time buyers appeared first on PropertyWire . Continue reading →
UK sees rise in lending with mortgages up 7% month on month
Lending for homes in the UK reached £22.5 billion in August, up 7% on the previous month and 15% year on year, the latest published figures show. It is also the highest August figure since 2007 when gross lending reached £33.6 billion, according to the data from the Council of Mortgage Lenders which represents the […] The post UK sees rise in lending with mortgages up 7% month on month appeared first on PropertyWire . Continue reading →
Lender calls for significant change in property tax in the UK
Stamp duty in the UK residential market remains a significant obstacle for house buyers to address and should be reformed, according to one of the country’s leading lenders. The Yorkshire Building Society is urging the Government to reform the property tax so that it is paid by sellers rather than buyers as this would help […] The post Lender calls for significant change in property tax in the UK appeared first on PropertyWire . Continue reading →