UK< home owners
Research reveals owners still largely over estimate how much their home is worth
Home owners in England and Wales over estimated the value of their property by an average 6.8% in 2016 but this is much less than in previous years, new research shows. In 2015, for example, owners overestimated values by 9.85%, and in 2014 by 13.69%, in 2013 by 13.93% and in 2012 by 18.07%. The […] The post Research reveals owners still largely over estimate how much their home is worth appeared first on PropertyWire . Continue reading →
Incentives to be offered to older home owners in UK to downsize
Older home owners in the UK living in large family homes whose adult children no longer live with them are set to get incentives to downsize. In a bid to increase the supply of housing for first time buyers and families, the Government is set to announce in its long awaited Housing White Paper that […] The post Incentives to be offered to older home owners in UK to downsize appeared first on PropertyWire . Continue reading →
Low mortgage rates keeping affordability low for home borrowers in UK
Historically low mortgage rates are the main driver behind a significant improvement in affordability for home borrowers in the UK since 2007, new research shows. Mortgage affordability, that is the proportion of income spent on home loan payments, has remained well below the peak of 2007, according to the study from lender the Halifax, up […] The post Low mortgage rates keeping affordability low for home borrowers in UK appeared first on PropertyWire . Continue reading →