A government report has indicated that in 2009 property prices in the UK increase by 2.9 percent. The data comes from the most recent government house price survey. (more…)
Tags: house price, Department for Communities, property market, Housing market crisis in the United KingdomFor many would be first time buyers the dream of homeownership has never been quite within reach. For many years the price of property in the UK was so high that most first time buyers did not have the income to get the mortgage that they needed, despite the fact that many lenders were increasing income multiples to as high as six or seven times the income. (more…)
Tags: shared ownership, mortgage, property prices, Housing market crisis in the United Kingdom, first time buyer, Banking