(IN BRIEF) The Barclays Property Insights report reveals a slowdown in the growth of rent and mortgage spending, which increased by 1.8% year-on-year in December, down from 8.2% in November. This is the lowest growth rate since August 2024, attributed … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Real Estate, United Kingdom
Tagged "Bank of Mum and Dad", Bank of England, Barclays, base rate reduction, Consumer Spending, Deposit savings, discretionary spending, driveways, family support, financial confidence, first-time buyer schemes, First-Time Buyers, garages, gardens, home improvements, home renovations, Homebuyers, homeownership, house prices, housing affordability, housing payments, longer mortgage terms, Mark Arnold, mortgage spending, mortgages and savings, Property Insights, property value, rent, stamp duty, UK housing trends, utility bills
Homebuyers underestimate mortgage payments by £500 per month London, 10-6-2014 — /EuropaWire/ — Homebuyers are severely overestimating their ability to repay their mortgage and could see their finances stretched to breaking point in the event of an interest rate rise, according … Read the full press release
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