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.
Investment Mortgages & Property Finance News
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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%.
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.
Bank of England to “stick with” 0.50% rate hike
The Monetary Policy Committee is expected to hike the base rate by 0.50% next Thursday, despite suggestions that a steeper 0.75% increase could be put in place instead.
Councils facing tough order to rehouse Ukrainian refugees in next two months
There’s likely to be a spike of councils having to rehouse Ukrainian refugees in October and November, as we approach the six-month mark since many of the visas were granted in March, April and May.
Lisbon the best place to work from home
The Portuguese capital city Lisbon has been ranked the best place to work remotely based on internet speed, quality of life, climate, air connectivity and Prime residential rents by Savills.
