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Friday, July 6
Third of FTB income goes on mortgage
by
Jet-to-Let Magazine
on Fri 06 Jul 2007 15:43 BST
First-time buyers (FTBs) are now paying almost a third of their total household take-home income on their mortgages, according to Woolwich. In some parts of London the mortgage burden for people in their 20s has risen to almost 50 per cent of take-home income. The huge cost of borrowing to ... more »
Parliament to discuss licensing of estate agents
by
Jet-to-Let Magazine
on Fri 06 Jul 2007 15:41 BST
An Early Day Motion calling for all estate agents to be licensed has been tabled by Sheffield MP Clive Betts. ‘Whilst I welcome that the Consumers, Estate Agents and Redress Bill will provide a mandatory redress scheme, I feel it would be far better if we had a mandatory licensing ... more »
London house prices flat in June
by
Jet-to-Let Magazine
on Fri 06 Jul 2007 15:39 BST
London house prices remained muted in June due to the rise in interest rates, with average house prices increasing by only 0.7% from £264,801 to £266,710. The latest data from Haart estate agents revealed that buyers have become increasingly price sensitive in anticipation of further interest rise. Year on year ... more »
Rates 'boost' for buy-to-let sector
by
Jet-to-Let Magazine
on Fri 06 Jul 2007 15:36 BST
Rising interest rates are boosting the buy-to-let sector as first-time buyers are priced out of the market, says a new report. Five interest rate hikes in the past year, combined with rising property prices, are making it easier for landlords to let their properties, as would-be buyers have to settle ... more » |
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