2018 is bad news for the housing market, as fewer homes have been on the market this year than in any other year during the past decade. Halifax, the UK’s largest mortgage lender, said that it’s pretty slim-pickings in terms of houses. Russell Galley, managing director of Halifax, said that the combination of low mortgage…Continue reading
Tag: housing market
Leaseholds to be Banned on New Houses
A proposal to ban the sale of newly built homes as leasehold instead of freehold has been brought forward. Leasehold homes are where the owner only buys the right to live in and use the property but not to own the land itself. With the new proposal, ground rents on newly built homes will be…Continue reading