Tag: Mortgages
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Plans for 50-year intergenerational mortgages get cau…
Long-term 50-year mortgages that can be passed on by parents to their children appear to be the latest idea from the government to address housing market issues. Prime Minister Boris Johnson told reporters last week that the idea of 50-year mortgages was being looked at, claiming the government “wants to find all sorts ... -
The Strengths Of Rights Of First Refusal – Landlord & Tenant – Leases
On March 30, 2022, the New York State Supreme Court, New York County (the “Court”) decided in Times Square JV LLC v. Walber Broadway LLC1 that a ground lease-tenant that is in default under the ground lease for failure to pay the landlord rent does not per se invalidate the tenant’s right of first refusal ... -
Five charts that show the housing market is set for disaster
This is the highest level on record in Zoopla’s dataset, which goes back to 1959, if you exclude flash points during the 2020 housing market shut down and between 2008 and 2013, just after the banking system’s near collapse. The figures emphasise the strain fast-growing house prices has put on ordinary households. Rising values have ... -
US housing market price correction to hit ‘coast to coast’, Moody’s economist warns
The scorching pandemic-era US housing market is on the verge of a “coast to coast” price correction as the Federal Reserve hikes interest rates, a prominent economist warned this week. Mark Zandi, chief economist at Moody’s Analytics, said his firm expects home prices to sink in key competitive markets that are the most “juiced” or ... -
Homeowners pocketing more per hour from rise in house prices than they do from work
Shocking new research reveals that people who own houses can earn more from their house price going up than they do from their salary, with prices going up £10 an hour in some regions House price hikes mean properties can earn more than you do ( Image: PA) Homeowners are increasingly pocketing more per hour ... -
Big landlords jump into the homebuilding as demand for single-family rentals surges
Jake and Stephanie Murphy are moving into a new single-family rental home built by American Homes 4 Rent. Diana Olick | CNBC Real Estate Correspondent As demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies. The push comes as more Americans have the flexibility to ... -
What is the Right to Buy housing scheme?
P rime Minister Boris Johnson has today announced plans to extend the Right to Buy scheme to people on low incomes who rent their homes from housing associations. Speaking in Blackpool, the prime minister said that he will commit to “reforms to help people cut costs in every area of household expenditure” over the coming ... -
PropTech Today – Let’s get moving with digitising t…
Conveyancers should have early sight of any complexities which can help to reduce post valuation queries and it will foster greater collaboration through the delivery of digital technology solutions, without waiting on Government reform and legislation. The great collaboration debate continues to roll on and doesn’t misunderstand me, that’s all very positive and ... -
I’ve had to evict three tenants this year – and it’s only going to get worse
Choosing not to pay rent has ended up with the tenant in court. A black mark will appear against their name for many years meaning they will struggle to obtain any form of credit or rent again. They will also have the threat of legal action against them for the next six years, which is ... -
Here’s what you need to know about reverse mortgages
William_potter | Istock | Getty Images With the stock market getting volatile but the housing market still hot, reverse mortgages have become a more attractive tool for older Americans who need cash for retirement but want to stay in their homes. Home Equity Conversion Mortgage loan volume was up 26% in March, according to data ...