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Disappointing lending figures suggests UK mortgage market is in decline
The number of loans advanced for house purchases in the UK in January was at its lowest monthly level since February 2015 and at a near two year low, the latest data shows. Home buyers borrowed £8.4 billion in the first month of the year, down 28% on December and unchanged on January 2016. This […] The post Disappointing lending figures suggests UK mortgage market is in decline appeared first on PropertyWire . Continue reading →
Price rises brings more US home owners out of negative equity but still a drag on the market
There are fewer home owners in the United States underwater on their mortgages, but more than half of those who remain underwater owe at least 20% more than their homes are worth. The depth of negative equity alone will ensure that negative equity will continue to be a drag on the housing market even after […] The post Price rises brings more US home owners out of negative equity but still a drag on the market appeared first on PropertyWire . Continue reading →
Report brands new homes in England as unaffordable and of poor quality
The current system of house building in England is failing families by producing high priced and poor quality homes that eight in 10 families cannot afford, a new report claims. Some 83% of families who rent cannot afford to buy a typical new build home across the country even if they used the Government Help […] The post Report brands new homes in England as unaffordable and of poor quality appeared first on PropertyWire . Continue reading →