Mortgage rates to keep falling

Mortgage rates keep falling - and they've further to drop https://t.co/1ITRzGrWlP via @ThisIsMoney with thoughts from client @SPFPrivClients

— Melanie Bien (@melaniebien) July 7, 2016

NEWS Mortgage rates fall to record lows, ahead of rate cut: Mortgage rates are continuing to creep downwards,... https://t.co/vTsIK86CTr

— Henry Pryor (@HenryPryor) July 7, 2016

Will mortgages get cheaper? BoE opens gates to £150bn of new lending https://t.co/wrQwy1zq51 via @ThisIsMoney

— Sarah Davidson (@SarahDavidson) July 6, 2016

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How many tenants can you fit in a terraced house?

How many tenants can a landlord fit in a 2 storey terraced house?

The answer is 28, but obviously, not legally.

The Hackney Citizen has reported the prosecution of landlord Alfred Landau, who had been letting out his seven-room rental property in Stoke Newington to 28 tenants.

An early morning raid by council officers discovered 28 tenants sleeping cheek by jowl, in rooms crammed with bunk beds and mattresses and all sharing just a single bathroom and kitchen.

The House in Multiple Occupation was unlicensed, had no fire alarms or CO detectors installed and had an illegally converted attic dormitory.

Thames Magistrates Court handed Mr Landau the maximum possible penalty available to them - a £20,000 fine, alongside fees of £1,845.




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House price growth slows to 8.4% - Halifax

The Halifax Bank have released their HPI data for June 2016. 

It shows a fall in annual house price growth from 9.2% for May to 8.4% for June.

Annual house price growth at 8.4% (comparing 3 months to June 2016 with same period 2015)

A quarterly rise of 1.2% ( comparing 3 months to June with the previous quarter )

Halifax's Martin Ellis comments: 

“There is evidence that the underlying pace of house growth may be easing. House prices in the three months to June were 1.2% higher than in the previous quarter; down from 1.5% in May. The annual rate of growth fell from 9.2% in May to 8.4%; the lowest since July 2015.

House prices continue to increase, albeit at a slower rate, but this precedes the EU referendum result, therefore it is far too early to determine any impact since.”

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Further Brexit property price speculation

House price growth begins to cool as economists look for signs of Brexit effect https://t.co/RV7PUE2W0h

— Telegraph Property (@TeleProperty) July 7, 2016

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Post-brexit property price doom

This country has a long and painful history of booms and busts in the housing market https://t.co/Y1PuXSHoxc

— This is Money (@thisismoney) July 6, 2016

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Property ownership - Boomers, Gen X, Millennials

Gen X far less likely to own homes than baby boomers, and millennials are even less likely to own pic.twitter.com/f9X284ZHdZ

— ResolutionFoundation (@resfoundation) July 3, 2016

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