stress tests
Mortgage borrowing fell in UK in October with buy to let sector still weak
Home owners in the UK borrowed £10.5 billion to buy a house in October, down 8% month on month and 11% year on year, according to the latest figures from the Council of Mortgage Lenders. Overall they took out 57,800 loans, down 8% on September and 13% on October 2015, but it is the first […] The post Mortgage borrowing fell in UK in October with buy to let sector still weak appeared first on PropertyWire . Continue reading →
Prime property rents in central London more affordable, latest report shows
Higher activity levels in the prime rental property market in central London have put downwards pressure on rental values, which has boosted affordability for tenants, according to the latest analysis. It mean that the negotiation position of tenants in this lettings sector has strengthened over the course of this year and the number of tenancies […] The post Prime property rents in central London more affordable, latest report shows appeared first on PropertyWire . Continue reading →
Leeds Building Society announces changes for buy to let products from January 2017
Leeds Building Society is introducing changes to its buy to let mortgages for landlords to fall in place with tougher lending conditions that come into play in January 2017. The lender will be making changes to underwriting standards in light of the changes made by the Prudential Regulation Authority (PRA) with effect from the first […] The post Leeds Building Society announces changes for buy to let products from January 2017 appeared first on PropertyWire . Continue reading →