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Middle Aged borrowers struggling to take out mortgages – effect of new lending rules ‘a major challenge’

815492_30356691Middle Aged borrowers struggling to meet Mortgage affordability regulations, newly specified in April’s Mortgage Market Review, mean lenders have re-vamped their requirements for loan approvals. Banks & building societies are now considering a borrower’s post-retirement income before sanctioning a mortgage term which ends after the latter’s retirement. Even those who are planted firmly in the black, with sizeable assets and a good income must meet these requirements. Continue reading

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Posted by: Leanne Halsey Categories: Finance, Mortgages Tags: , , , , Leave a comment

Bank of England governor alerts to danger of potential financial crisis as UK house prices rise to record 10.5%

untitledThe Bank of England’s governor, Mark Carney, has reinforced his ominous forecasts concerning the UK housing market, as new data indicated that house prices rose by 10.5% in the 12 months to May. Continue reading

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Posted by: Leanne Halsey Categories: Economy, House Prices, Mortgages, Property Market Tags: , , , , , , Leave a comment

It’s Homes under the Hammer for Countrywides Auction in Exeter

Property auctionsOn the 22nd of July at Exeter Racecourse, Countrywide Auctions will be joined by the popular BBC programme Homes under the Hammer. This auction will be full of extra excitement as the cameras are set to roll and as we watch some great lots go under the hammer. Continue reading

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Posted by: Samantha Turner Categories: Interesting Properties, Property Auctions, Uncategorized Tags: , , Leave a comment

Funds running short for Help to Buy in Scotland

summerFunds set aside for the Help to Buy scheme in Scotland have run out only three months into the financial year leading many would-be buyers’ dreams of home ownership to crumble. Continue reading

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Posted by: nicolasevern Categories: Buying, Economy, House Prices, Property News, Uncategorized Tags: , , , , , , Comments Off

Countrywide Auction arrives in Sheffield

On the 17th July, Doubletree by Hilton will play host to Countrywide’s second auction of its Summer series. With some great properties up for offer, there is something to suit all tastes and budgets. Some of the most striking lots have a wealth of history attached to them. Continue reading

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Posted by: Samantha Turner Categories: Buying Property, Property Auctions, Uncategorized Tags: , , , Comments Off

House price inflation accelerating faster than pay rises

Property pricesThe gap between rocketing house prices and pay rises for workers is expected to widen for at least the next five years, with potential to continue to do so for decades to come, the government advisory body concerned with public finances has advised. Continue reading

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Posted by: nicolasevern Categories: Buying, Economy, Estate Agents, Selling 1 Comment

National Auction Kicks off in Manchester

Covering the North West, North Wales and the West Midlands, this auction being held at Manchester United’s Football Club on the 15th of July, is not to be missed. With a catalogue full of properties, this is one of our best yet. Continue reading

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Posted by: Samantha Turner Categories: Interesting Properties, Property Auctions, Uncategorized Tags: , , Comments Off

The Cambridge Collection

Cambridgeshire is this weeks property picks destination, after having seen some of the lovely sights on Television, as the Tour De France passed through, I found inspiration and some great properties. Continue reading

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Posted by: Samantha Turner Categories: Buying, For Sale, New Builds, Uncategorized Tags: , , Comments Off