A significant number of borrowers are attempting to
stretch mortgage terms to 35 or even forty years, with ‘maximum age at end of
term’ the most-searched term by brokers in August. This backs up research which
showed a 70% rise in 35 year-plus mortgages over the past two years. This trend
for elongated mortgages is potentially a result of rapidly increasing house
prices. With higher prices creating affordability issues, some borrowers are
looking to spread their mortgage out over a longer time period to lower the
monthly repayments. ‘Income multiple used for affordability assessment’, was
the second most-searched term in the residential market in August. Read more on
the Property Reporter website.
Temporary accommodation linked to deaths of 104 children in England in six
years
-
Calls for ‘urgent, sustained action’ over rising number of children who do
not have permanent home
Living in temporary accommodation has contributed to t...
1 day ago
No comments:
Post a Comment