Survey reveals gaps in mortgage knowledge, with calls for education to start in schools One in six UK mortgage holders (16%) admit to not fully understanding the mortgage process or the terminology involved, according to a survey by Compare the Market. The price comparison website examined the terms that people in the UK find most
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Potential headwinds forming as bond yields rise and shortage of rental properties persists The UK residential property market continued to show signs of strength in October, with house prices rising and buyer demand holding steady, according to the Royal Institution of Chartered Surveyors (RICS). Its latest UK Residential Market Survey recorded a net balance of +16% for
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The “feudal leasehold system” will be brought to an end and commonhold will become the default tenure, the government has reiterated. The announcement was in a statement by the Minister of State for Housing and Planning, Matthew Pennycook, who said that as part of its commitment to “finally bring the feudal leasehold system to an
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UK house prices increased by 2.9% on average to £292,000 in the 12 months to September, outpacing the annual growth rate recorded in the previous month In August, UK house prices grew by 2.7% on average. According to the Office for National Statistics’ (ONS’) latest house price figures, annual inflation has been generally increasing since its low
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