First-time buyers defy the doubters to drive house prices higher – Telegraph.co.uk

An online version of a British newspaper reports that buyers of homes for the first time borrowed a record amount of money last year. In 2016, these buyers borrowed 53.6 billion pounds, thirteen and a half per cent more than they did in 2015. This borrowing drove up the prices of homes. The average price […]

Small deposit buyers increase share of UK mortgage market – Introducer Today

A website covering the British real estate industry has reported an increase in the number of buyers with small deposits (15 per cent or less). In January of this year, these buyers made up 18.7 per cent of total mortgages. In December of last year that percentage was 16.1 per cent. This type of buyer […]

Bank borrowing by smaller UK firms falls again – Bank of England – Reuters UK

Borrowing by smaller firms is smaller once more in 2017. With uncertainty after the Brexit vote smaller companies are showing reluctance in borrowing amid concerns of economic fallout from the vote. Large firms borrowing was relatively flat although they are borrowing it is still less than expected. Lending for unsecured credit also showed signs of […]

Multi-property buy-to-let owners face squeeze | The Week UK – The Week UK

England has imposed new laws regarding buy-to-let mortgages in an effort to maintain the current buy-to-let market. However, that raises a lot of questions as to whether the government burst the inflating market on purpose or if they are simply trying to make the best of the crashed market. The new laws put in place […]

Where are the opportunities for UK property investors in 2017? – What Investment

Property investment returns can be affected by unforeseen risks. For example, Brexit has generated new risks for investors that were unexpected when the property investments were acquired. Often, we only think of actual properties as risky, however, Brexit has shown that direct property funds and Real Estate Investment Trusts (REITs) can also be impacted by […]

Expats Dragged Into UK Money Laundering Fight – Money International (blog)

There are always financial scams going around. Either from individuals or from businesses and corporations. Its hared to trust anyone, especially when it comes to finances. In the UK there has been a recent money laundering fight. It has gotten pretty ugly. British expats and foreign investors have been dragged in and may soon have […]

Remortgage now to shield profit ahead of the new buy-to-let rules – Telegraph.co.uk

Landlords in the United Kingdom aware of the coming tax reform have decisions to make in order to save the profitability of their buy-to-let properties. The smartest choice is to remortgage and take advantage of the current low rates. By getting a lower rate these landlords will be less effected by the coming hike in […]

Bank promises to pay first-time buyers’ stamp duty – so what’s the catch? – Telegraph.co.uk

Getting a mortgage is a scary thing. It is the probably the biggest purchase you will ever make. So you start to wonder if you are doing it right, getting the best deal, losing money, trusting the wrong people. If a bank makes a promise to you it is very important that you get it […]

Bank of England Granted New Powers Over UK Landlord Mortgages – Bloomberg

In the UK the bank of England has recently been granted powers over mortgages. That will mean different things for different people. If you have a home or are looking to buy in the near future you need to speak with a mortgage specialist and see what you need to do to make the most […]

Burst main hits Paisley water supply – BBC News

Due to a series of unfortunate events in Paisley, Scotland, residents were alerted to restrict their usage of water to prevent further disastrous condition. Engineers have been diligent and working vigorously through the evening to remedy a burst in a major water main located on Brediland Road. Showers, dishwashers, and washing machines were advised against […]