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Passing on full interest rate cut would make UK homes more affordable, research points out
First time buyers in London could save up to £518 a year on mortgage payments and up to £244 in England and Wales, if the latest rate cut was passed in fully by lenders, new research has found. A full transfer of the Bank of England’s 0.25% rate cut would bring the mortgage rate down […] The post Passing on full interest rate cut would make UK homes more affordable, research points out appeared first on PropertyWire . Continue reading →
Number of remortgages in UK up 8% monthly and 45% year on year
Home owners in the UK are remortgaging more frequently than a year ago with new date revealing the highest number of remortgage transactions in August since July 2009. Rising house prices and record low interest rates helped the number of remortgage loans to reach 36,195, up 8% month on month and 45% year on year, […] The post Number of remortgages in UK up 8% monthly and 45% year on year appeared first on PropertyWire . Continue reading →
Housing institute calls for more resources for English towns to build new homes
New housing should be focused in towns and counties instead of cities in England as these are the areas that need the investment, according to a new report. The Housing and Finance Institute is calling for a fairer share of housing money to be given to councils in towns, counties and districts as they are […] The post Housing institute calls for more resources for English towns to build new homes appeared first on PropertyWire . Continue reading →
