The number of first-time buyers rose in May while the
number taking on new buy-to-let mortgages fell, in a sign that government
policies and tax changes are rebalancing the housing market. There were 32,200
new mortgages completed for first-time buyers over the month, 8.1% more than in
May last year. The £5.4bn of new lending was up 12.5. The average first-time
buyer in the UK is 30, has a gross household income of £42,000 and takes on a
loan of £142,452 at a loan to value of 85%.
However, the number of new buy-to-let mortgages fell by 9.8% in May.
Read more on the Guardian website.
‘Sham tribunal’: one family’s battle with Louisiana’s ‘feudal’ eviction
courts
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In rural Louisiana, eviction hearings are held at kitchen tables and other
unorthodox venues – and many justices have little legal training
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4 hours ago
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