Property news: Stepping onto the property ladder
Three friends. Image copyright Victor1558/Flickr
Sharing is best route on to property ladder
Three friends clubbing together to buy a three-bedroom house is the most cost-effective way on to the housing ladder, according to new research by FindaProperty.com.
The property website found that average monthly mortgage repayments would work out at £334 per month for the average three-bedroom home priced at £197,140. That represents about 19 per cent of the average net wage in the UK. Read more on this story
Entire French village finally auctioned off for price of one-bedroomed Paris flat
The abandoned hamlet of Courbefy in central France consists of 19 buildings, a swimming pool, stables and a tennis court.
It went on sale at a starting price of 330,000 euros and was sold to the South Korean photographer known as Ahea for 520,000 euros. Read more on this story
What would a 0% base interest rate mean to you?
At 0.5% the Bank of England base rate is already at a historical low, but the International Monetary Fund (IMF) has suggested further cuts could be needed to boost the UK economy. The news comes as mortgage rates have started to edge up, driven by problems in the eurozone, and savings rates have begun to fall. So would a base rate of 0% make any difference to consumers? Read more on this story
Comments are closed.