A quarter of borrowers would not be able to afford their mortgage if interest rates hit 5%
Interest rate rises and soaring bills are causing concern among borrowers worried whether they will be able to afford their mortgages.
Northern Irish landlords leaving the market thanks to “flawed” legislation
The Irish Property Owners Association has spoken out about the legislation governing the private rented sector, calling it “flawed” and imbalanced.
Mortgages account for 71% of property sold
Over the last 12 months the UK property market has been fuelled by mortgages, indicating that rising rates will have a big impact on cooling down the market.
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Universities boost rental yields by 1.3%
Rental homes located near to universities command an average yield 1.3% higher than those in the wider area, increasing a landlord’s expected annual income by almost £6,000, research from Stripe Property Group has found.
Mortgage holders struggling with rising payments
One in three mortgage customers in the UK say that rising interest rates mean they cannot afford their repayments, research commissioned by Butterfield Mortgages has found.
Landbay cuts two-year buy-to-let rates
Landbay is lowering interest rates on its two-year fixed rate buy-to-let mortgages by between 0.10% and 0.30%.
Young people target buying ‘digital’ land
Gen Zers in the UK are eyeing up the ‘metaverse’ as their chance to get onto the property ladder, with over half (60%) revealing they are more likely to buy digital land due to it being more affordable.
Rent prices have doubled in past decade Copy
Rents are now 40% higher that they were a year ago, highlighting the scale of the increases tenants have had to deal with.
ECB: Shifting pandemic behaviours to shield housing market
While house prices will be driven downward by rising interest rates, behavioural shifts from the pandemic may cushion the housing market from a cliff-edge slowdown.
Redrow – housing market moderating after years of growth
The housing market’s slowdown merely means the market is returning to normal after a rapid period of growth, according to major housebuilder Redrow.
