In a recent announcement, the Bank of England revealed its forecast amidst a soaring average two-year mortgage rate, reaching a 15-year high of 6.66%. To mitigate the impact of rising rates, individuals have been resorting to longer borrowing periods, with one in ten new mortgages now extending for 35 years or more. Additionally, there has …
At the familiar yet daunting hour of 3 a.m., I wake up in a state of anxiety, drenched in sweat, with my heart racing. To calm my nerves, I reach for a sacred document that brings me comfort during times of uncertainty. This document, an article from Rocket Mortgage, has become so familiar to me …
With the continued rise in interest rates, leading to an increase in the Bank Base Rate linked reversion rate, customers are opting to refinance earlier, resulting in less time spent on the higher reversion rate than anticipated, compared to previous trends. Precise Mortgages expects that their customers will now spend an average of five months …
Earlier this year, Dame Janet lodged a complaint with ministers expressing her concern that the SRB (Strategic Review Board) had been marginalized and that a government review of Rics (Royal Institution of Chartered Surveyors) was necessary. However, last week, she was called to a meeting with Rics management, and fearing her imminent dismissal, she resigned …
Zara Banday, a partner at the prestigious law firm Slater Heelis, emphasizes the severe consequences and potential for fraudulent activities that arise due to delays in Land Registry paperwork. The repercussions of these delays affect not only landlords and developers but also unsuspecting buyers who may fall victim to unscrupulous conveyancers or sellers manipulating pending …
The housing market in Canada will not be fully suppressed by the Bank of Canada’s interest rate hikes, according to a new report from Desjardins. The report emphasizes that the housing market rebounded strongly since March, coinciding with the pause in rate increases that ended recently. Although another interest rate increase is expected in July, …
However, can we expect the privileged civil service to combat the issue of inflation when many are shielded from its effects? The insistence on remote work has safeguarded individuals from the expenses associated with commuting, allowing them to accumulate lockdown savings. Moreover, their pensions are completely immune to inflation, with retired civil servants receiving even …
An extravagant asking price has been set for an estate in Texas, possibly due to wealthy Californians seeking new homes. The Wall Street Journal reports that a 6-acre lakefront compound in Austin has been listed for $50 million, potentially becoming the most expensive home in Texas. The listing for this luxurious estate on Lake Austin …
In an effort to increase housing construction, the Government initiated a planning revolution nearly two years ago. The focus was on implementing a zonal regime similar to those in many European countries, taking a back-to-first-principles approach. However, this policy did not resonate well with Tory voters residing in areas where forced development was a possibility. …
As governments throughout Canada work towards constructing more affordable housing, some rental market residents feel forgotten and neglected. These individuals want Premieres to take action during their next meeting. One such resident is Beverly Henry, a retired senior residing in Toronto whose rent has increased by over $400 in only nine years. Rentals.ca reports that …