Low house prices and interest rates have sparked a holiday home boom as investors swoop property at popular tourist locations all over England.
An estimated 245,384 investors now own a second home in England – and the figure’s likely to go up, says a survey by top people’s estate and letting agent Knight Frank. Continue reading High yields and low prices spark a boom in the UK holiday lettings market
Mortgage lending for buying and refinancing homes was up 5% in July – an increase from £12.9 billion in June 2010 to £13.6 billion in July but a disappointing £0.4 billion down on July 2009.
Effectively, despite the Bank of England’s making billions available with a quantative easing policy to provide funds to encourage banks and building societies to lend, the amount of money available to home owners to borrow has stood still for a year. Continue reading No cheer for borrowers in latest home lending figures