M2 EQUITYBITES-August 11, 2015-Remortgaging activity increases in June as UK
home-owners lock into competitively-priced mortgage deals ahead of predicted higher mortgage rates
Ultra-low mortgage rates have been helping to keep borrowers' payments relatively affordable, although some
home-owners on variable rate deals felt the impact when the Bank of England base rate increased from 0.25% to 0.5% in November.
The
home-owner also has to agree to give the builder access to the premises during the agreed working hours and keep the working areas sufficiently free from obstruction.
Of the 9.2 million outstanding
home-owner mortgages, 8.1 million are regulated.
Home-owners in the East Midlands are also among the most frequent movers, changing properties on average once every 17.9 years, followed by those in Scotland.
Home-owners are responsible for the standards of the accommodation and amenities.
Parties had demanded that all five insolvency bills were approved, before the foreclosures law could be implemented as these would offer protection to
home-owners that had fallen on hard times and were in danger of losing their homes.
Investors and some
home-owners in Madinaty, who fear they could lose property bought from TMG if the contract is scrapped again, were expecting a verdict on Tuesday.
There were meetings and despite most of the
home-owners voting against the scheme, the GHA said they were going ahead regardless.
NEW DEAL bosses have moved to reassure more than 200
home-owners in the Wood End and Henley Green areas of Coventry who could face compulsory purchase orders on their homes in the next few years.
CML deputy director general Peter Williams said: '
Home-owners are not universally wealthy - in fact, half of the poorest households are
home-owners.