Tag Archives: loans
New home lending falls in Australia as stamp duty costs rise
The number of new home loans being approved in Australia fell slightly in October, down 0.4% month on month and are now 2.4% below a year ago, the latest published data shows. The number is likely to ease back towards the end of 2017 as fewer new homes are being built, according to the Housing […] The post New home lending falls in Australia as stamp duty costs rise appeared first on PropertyWire . Continue reading →
Fewer first time buyers in London taking out mortgages compared to a year ago
Fewer first time buyers in London took out mortgages compared with a year ago which could be a sign that rising house prices and lack of affordable homes to buy is affecting their ability to get on the housing ladder. First time buyers borrowed £3.1 billion in the third quarter of 2016, up 7% on […] The post Fewer first time buyers in London taking out mortgages compared to a year ago appeared first on PropertyWire . Continue reading →
Historic low rates encouraging more UK home owners to remortgage
Two thirds of remortgagors in the UK plan to remortgage again in the next four years, spurred on by record low rates, new research has found. Some 46% change their mortgage product to suit circumstances, two year fixed rates are falling in popularity while five year fixes grow as rates fall and borrowers seek stability. […] The post Historic low rates encouraging more UK home owners to remortgage appeared first on PropertyWire . Continue reading →