Signs of recovery in housing market
The property market experienced tentative signs of recovery in April, according to the Nationwide building society. April saw a 0.5 per cent rise in house prices after seven consecutive falls, with annual rate of house price growth rising to -2.7 per cent from -3.1 per cent in March, says Robert Gardner, Nationwide’s chief economist. “While […]
Economic uncertainty is taking toll on UK mortgage holders
More than half of UK mortgage holders are struggling with their mental health as the cost of living crisis hits home, according to recent research. According to a new survey of 2,000 UK homeowners who pay a mortgage, the ongoing cost of living crisis is affecting the mental health of 56 per cent of mortgage holders. The […]
A quarter of a century of buy-to-let mortgages
It has been 25 years since buy-to-let mortgages were first launched and in that time the market has seen significant expansion. The UK’s private rented sector (PRS) has almost doubled in size, according to Paragon Bank, expanding from 2.4 million households in 1996 to 4.4 million in England today. It now accounts for some 19 […]
Norwich is in the top 10 places for holiday let mortgages
Sales of holiday homes near the coast have surged over the past six months with more people than ever applying for holiday let mortgages. According to figures released by mortgage lender Hodge, Norwich comes fifth in the top 10 list of areas for holiday lets, beaten only by Truro, Plymouth, Llandudno and Exeter. Popular for […]
