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...Banks charge more for high loan-to-value mortgages, given the higher risk to the lender should the property fall into negative equity....
...Property tycoon René Benko, founder of the Signa group, has filed for personal insolvency in Austria, as a corporate empire that spanned luxury properties and department stores across Europe and the US unravels...
...The property site forecasts that 1.1mn homes will be sold in 2024, up 10 per cent on last year’s total....
...Under intestacy, a married partner inherits the personal property and belongings of the person who has died, up to the first £322,000 of the estate, and half of the remaining estate....
...The professional body’s survey is closely monitored as a timely measure of the property market....
...Higher borrowing costs on mortgages prompted some landlords to pass on increases to tenants or sell their properties....
...acquired in the UK property....
...Purchasers with plenty of equity — borrowing no more than 60 per cent of the value of the property — can get a two-year fix with Barclays at 4.53 per cent....
Demand, on the other hand, is not helping US housing markets
...The British Property Federation said the change could hit investors wanting to buy badly needed rental homes....
Official data reflects impact of elevated borrowing costs on households
...“Previously, older borrowers may have used [mortgages] for home improvement, travel or to help a younger family member get on the property ladder,” said David Hollingworth, associate director at L&C, a mortgage...
...Few are expecting 2024 to be a bumper year for the property market....
...But in New York, some of the best properties coming to market are now sitting for months....
...Prices rose 0.7 per cent from January, taking the average property price to £260,420....
...UK house prices rose for the fourth consecutive month in January to their highest level since October 2022, adding to signs of stabilisation in the property market as mortgage rates ease....
...mortgage approvals in January rose much more than expected, reaching their highest level since October 2022 as borrowing costs fell, according to data by the Bank of England that points to a recovery in the property...
...Richard Donnell, research director at property website Zoopla, said: “The numbers don’t really add up unless you live in a big house....
...Once the legal title to the property has been updated, you could then sell the property....
...UK Finance, an industry group representing major banks and financial services firms, estimated that the number of personal purchase scams — involving goods or services that are paid for but not received...
FT Money is seeking comments from readers who have taken out such a mortgage or rejected the idea
...Failure to push through the reforms would be a personal defeat for Gove, who previously said he was “immovable” in his determination to reform the “feudal” system of leasehold property....
...The figures confirm the effect of higher borrowing costs which have affected the property market for most of last year....
...Sunak’s party is struggling to engage younger voters — who have found it increasingly hard to get in the property ladder — with only a tiny fraction of under-40s prepared to back the Conservatives at the...
...The data, released on Tuesday, adds to signs of stabilisation in the property market as mortgage approvals rose for the third consecutive time to a six-month high in December....
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