Tax breaks add £14 billion to landlord buy-to-let income boosting the sector while first time buyers are priced out of the market.
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Monthly Archives: May 2015
The value of landlord property near the £1 trillion level with income of £112 billion as the buy-to-let sector continues to grow.
Mortgage lending to first time buyers in Greater London is 16% lower to the previous quarter according to the latest CML report.
The average first time buyer now needs a salary of £77,000to buy a home, says KPMG, as house prices continue to rise.
Data from the Halifax shows UK house prices increased by 1.6% last month and by 8.5% over the last year.
A new two year fixed rate mortgage from the Co-Operative Bank offers only 1.09% interest and borrowers must pay a high £1,500 fee.