New research and analysis from Private Finance has shown
that once buyers have made the upfront purchase for their home, the ongoing
cost of ownership is broadly in line with levels seen in 1998. The independent mortgage broker revealed that in 2008,
the average borrower could expect their mortgage to account for two fifths
(43%) of their monthly income (if purchasing alone), compared to 31% of monthly
income in 2018. In terms of actual payments, the average borrower is now saving
£104 a month, with monthly repayments down from £804 to £700, a decrease of
13%. This is despite the average house price growing by £51,660 over the same
period. Read more on the Property Reporter website.
Leasehold reforms face more delay due to Tory flaws, minister says
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Matthew Pennycook says Labour must close loopholes in changes to rules in
England and Wales passed by Gove
Long-awaited reforms to the leasehold system i...
7 hours ago
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