The Bank of England has been granted new powers in the housing market this week. A statement issued by the government has revealed the organisation's Financial Policy Committee (FPC) will now have the ability to set limits on debt-to-income ratios and loan-to-value ratios for mortgages in a bid to ensure stability in the housing sector.
Average private rents in Britain rose 1.7 per cent in the 12 months to December 2014, according to new data from the Office for National Statistics (ONS).
The government department's latest Index of Private Housing Rental Prices (IPHRP), published on Friday (January 30th), shows that the cost of renting residential property increased 0.2 per cent in Wales for the year as a whole. The figure...
It's barely 10 months since the cost of a County Court repossession hearing shot up from £175 to the current £280, but the Government is considering increasing them by a further £75. If the increase goes ahead, a landlord will have to pay a whopping £355 to commence proceedings in the County Court and £325 if they use Possession Claims Online facility (PCOL).
Leicester has been named as the UK's rental hotspot for 2014. According to HomeLet, the East Midlands city saw the greatest growth in rental prices over the course of last year. It found the average rent in Leicester grew 45 per cent in 12 months, rising from £421 to £611.
