Home Ownership

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Home Ownership

The state of owning one's primary residence. Homeownership gives the owner a stake in his/her neighborhood or town's long-term stability, and is a significant investment. The U.S. federal government thus attempts to encourage homeownership by allowing owners to deduct the interest on their mortgages from their taxable income.
References in periodicals archive ?
ASIC will carefully review cases where owner-occupiers have been provided with more expensive interest-only home loans, to ensure that consumers are not paying for more expensive products that are unsuitable.
However, the Dutch figures are very close to each other for the non-owner occupier, owner-occupier and total urban population.
While tenants currently in the building are potential buyers, other owner-occupiers or third-party investors are also candidates.
APRIL 6 next year has been branded A-Day - a time when pension changes may result in business owner-occupiers becoming near-extinct, warns property investment specialist Assetz.
The owner-occupier, on the other hand, must not only cope with any breakdown maintenance but also the general upkeep and still keep paying the mortgage, rates, utility and insurance bills.
If the owner-occupier wishes to change its use, they are free to do so at their own discretion.
Richard Hardy, partner at Evans & Hardy, said: "The emphasis in the market at the moment is very much on the owner-occupier sector and we've already got one unit at Corunna Court under offer.
As revealed by the Echo earlier this month, some of the letters to householders asking them to make appointments for surveys went to named individuals rather than the owner-occupier.
The owner-occupier customers of a bank will enjoy rate cuts in home loans after their financer announced new interest regime today.
The recent slowdown in the owner-occupier housing market has had a positive impact for buy-to-let landlords.
Cardiff Harbour Authority has admitted it had sent out some letters in the name of the house occupier when the original surveys were carried out rather than to the owner-occupier.
Alan Chatham, director, said: "The investor-led apartments have been designed to provide the best returns on investment whilst the owner-occupier apartments have larger square footages and more added extras such as balconies and parking.