UK housing market is a ‘goldmine’ for wealthy foreign buyers
Sales of houses worth over £10m tripled after sterling slumped following Brexit voteThe global super-rich have taken advantage of the Brexit-induced decline in the value of sterling to buy up three times as many £10m-plus luxury homes as before the referendum vote.Some 300 homes sold for more than £10m each in the tax year...
How to finance a duplex or multifamily home
Purchasing a multifamily home can be a savvy way to generate passive income and build wealth. Multifamily mortgages are available for buyers of duplexes, as well as of three- and four-unit dwellings.Multifamily homes with up to four units are considered residential for the purpose of financing. You can buy them with mortgages like those...
We’re a couple aged 76 – can we get help to buy a house?
We’re planning to return to the UK from Australia and wonder whether we can get a mortgageQ We are a couple both aged 76 who are currently living in Australia. However, we would like to return to the UK to be with family as we no longer have any relatives in Australia. My husband...
Letting fees ban is good news for tenants – but beware a backlash
Renters could save about £272 on average from June, but agents may seek to claw cash backIt may be a little chilly for dancing in the streets, but those who rent their home have had two things to celebrate in January.The first was official data showing that average rents rose by just 1%...
Could renting without huge deposits become the norm?
Tenants are being offered schemes that do away with the need for large amounts upfront Scraping together a deposit on a new flat is always tough for tenants, with the average amount demanded now more than £1,400 in England and Wales. Would you rather pay an insurance fee of about £300 – which you...
UK house prices take pre-Brexit hit, says Nationwide
Rise of only 0.5% in December – the slowest annual rate of growth since February 2013Fears over Brexit caused British house prices to all but stagnate in 2018, rising by the smallest amount in almost six years, according to data from Nationwide.Britain’s biggest building society said that compared with a year earlier, house prices rose...
Should we remortgage our home to build an extension?
A neighbour sold a property like ours – without an extension – for 10% more than we paidQ We have been living in our five-bedroom home for the last four years. I don’t imagine we’ll move for at least another six years or so, until both our kids have finished school.We’ve recently looked into...
Donald Trump’s New York childhood home listed for $2.9m
House in Queens, which is filled with memorabilia including a life-size cutout of the president, was previously available on AirbnbPeople seeking to live like Donald Trump now have the opportunity to own his childhood home in New York.The house in Queens, New York, that Trump’s father built has been listed for $2.9m after a brief period...
UK house prices fall at fastest rate in six years on back of Brexit – Rics
Outlook for sales the weakest in two decades, say Britain’s surveyorsThe looming threat of Brexit has dragged down the UK property market further, with prices falling at the fastest rate in six years and the outlook for sales the weakest in two decades, according to Britain’s surveyors.The Royal Institution of Chartered Surveyors (Rics) said the number of...
Outrage as help-to-buy boosts Persimmon profits to £1bn
Builder condemned for making massive gains from taxpayer-funded programmeHousebuilder Persimmon made a record-breaking £1bn profit last year – equal to more than £66,000 on every one of the homes it sold – with almost half of its house sales made through the taxpayer-funded help-to-buy scheme.The York-based builder, which sparked widespread public and political outrage for attempting...
