Rapid rise in personal borrowing is cooling, says Bank of England – The Guardian

Britons are going into debt at almost five times their earnings. Unsecured consumer borrowing is at an all time high since December of 2008. With the lowest interest rate in years,borrowers are encouraged to refinance mortgages and business loans. Spending is at its weakest rate in almost three years as the drop in value of […]

Yorkshire BS launches 1.19% remortgage product – Financial Reporter

The Yorkshire Building Society has recently rolled out a new set of loans for homeowners interested in refinancing. A two year loan now has a fixed rate of 1.19% if applied to a sixty five per cent loan to value (LTV) agreement. There is a 995 pound fee with a cashback of 500 pounds. A […]

2 high-yield investment trusts for income investors – AOL UK

Inflation in the UK has risen to three per cent, thus causing concern for investors. The inflation may be attributed to Brexit, which has caused the pound to lessen in value. AOL’s financial group is nevertheless recommending that investors look into the UK real estate market for profitable returns. AOL recommends two sources. One is […]

UK property shortage: can we learn from Vancouver, Paris and other countries? – lovemoney.com

Countries around the world are struggling to find sufficient housing to keep up with growing populations. The UK is looking at ideas being used in Canada, Australia, France, Denmark, and Switzerland in an attempt to solve its housing shortage. Vancouver, Canada and Paris, France both charge taxes on empty houses. New South Wales and Victoria, […]

East Midlands property price increase second highest in the UK – West Bridgford Wire

With the average property price around £182,166, East Midlands has ranked number two in the UK House Price Index for price increases in the month if June. As a whole, the East of England has seen a 7.2% increase in property prices in the last year. The North if England, while experiencing a price growth, […]

Buy-to-let lending set to become more strict across the UK – Rentman Software

In September, landlords are going to find that it is much more scrutiny involved when applying for and being approved for a mortgage that is used to buy a property that will be rented or leased out. That is why landlords have been given the recommendation that if they plan to remortgage any rental proprties, […]

Leeds BS launches Help to Buy deals – Mortgage Solutions – Mortgage Solutions (registration) (blog)

The Leeds Building Society of the UK has recently rolled out three help to buy (HTB) mortgages. The mortgages are for a two, three, or five year terms. The rates are 1.74% (75% loan to value) for two years, 2.29% (80% loan to value) for three years, and 2.29% (75% loan to value) for five […]

Help to Buy extension call for second hand homebuyers – BBC News

The government of Wales has a deposit contribution plan, called Help to Buy, to aid house hunters in purchasing new build homes. Once a buyer comes up with 5% of the deposit, the Welsh government will loan up to an additional 20% of the purchase price. The program has helped nearly 5500 home purchases occur […]

Equity release boost for the buy-to-let market – Mortgage Introducer

There’s a new option for retirement income in the UK for owners of buy-to-let properties: equity release. Until now, the only way these property owners could access the wealth tied up in these assets was to sell them. Eleven years ago, there were some 840,000 buy-to-let mortgages in the UK, with a balance of £93.2bn. […]

Some might pray for a house price crash, but be careful what you wish for – The Guardian

You might think you want house prices to go way down because then you can get a home more cheaply, but you should think hard before wishing for this because there is more to it. House prices affect the economy in many ways. It’s not just about you getting a home. There are others who […]