Borrowers increasing mortgages to support other spending
25% of homeowners who remortgaged in January did so in order to free up capital to pay off other debts, according to research from LMS. They found that 66% of those increasing their mortgage did so by up to £10,000. Homeowners had a variety of reasons for releasing equity, 57% to fund a home improvement, […]
Land Registry announces Local Land Charge Searches prototype details
The Land Registry has announced which local authorities will take place in a prototype to see if local charge registers can be consolidated into a digitised central register. The local authorities are: Sefton, Liverpool, Denbighshire, Newark and Sherwood, Swindon, Havant and Watford. The prototype is due to end by December 2013 and will run in […]
11% fall in new home starts
The latest data from the Department for Communities and Local Government has shown that new home starts were some way off the target level during 2012. Annual housing starts totalled 98,280 in 2012, down by 11% compared with 2011. Annual housing completions in England totalled 115,620 in 2012, 1% higher than in 2011. Seasonally adjusted […]