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UK financial watchdog reveals mortgage lending glitch

More than 750,000 mortgage borrowers in the UK could be in line for compensation as a result of their bank overcharging them when they fell behind on repayments. Financial watchdog, the Financial Conduct Authority, has revealed that technical glitches in many lenders’ systems had resulted in hundreds of thousands of customers being hit with excessive […] The post UK financial watchdog reveals mortgage lending glitch appeared first on PropertyWire . Continue reading

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New homes sales up for second month in a row in Australia

New home sales in Australia increased in September 2016 for a consecutive month, up 3.8%, a further increase on the 2.9% recorded the previous month, the latest data shows. The month on month growth was driven by detached house sales which increased by 3.8% while apartment sales were down by 0.8%, according to the survey […] The post New homes sales up for second month in a row in Australia appeared first on PropertyWire . Continue reading

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UK rental homes reach highest supply level for 18 months

The residential lettings sector in the UK has seen the supply of homes to rent increase to an 18 month high with demand also increasing. The latest monthly report from the Association of Residential Letting Agents (ARLA) shows that the number of rental properties managed per letting agent branch reached 193 in September, up from […] The post UK rental homes reach highest supply level for 18 months appeared first on PropertyWire . Continue reading

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