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Buy to let sector disappointed by UK Chancellor’s failure to address their concerns
There was disappointment for buy to let landlords in the UK when Chancellor Philip Hammond did nothing for the lettings sector when delivering his Spring Budget. It had been hoped that he might re-visit the extra 3% in stamp duty imposed by his predecessor last year on additional homes and that he might also reconsider […] The post Buy to let sector disappointed by UK Chancellor’s failure to address their concerns appeared first on PropertyWire . Continue reading →
Remortgages increased share of home lending market in UK last year
There was a definite shift in borrowing type in the UK housing market last year with remortgage business increasing in each quarter, new data shows. There was a 7% rise in remortgage borrowing with this sector accounting for 39% of all mortgages handled, according to the latest financial advisors confidence tracking index report from Paragon […] The post Remortgages increased share of home lending market in UK last year 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 →