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UK and EU regulations holding back the residential mortgage market, claims new report


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21 Jun 2013

Regulation is constraining the UK mortgage market which means that fewer people can become home owners according to a recent report.

Indeed, just a third of young people could be owner occupiers by 2020, just half the number seen in 1993, according to the report commissioned by the Intermediary Mortgage Lenders Association (IMLA).

It says that both UK and European Union regulations are holding back lending volumes and innovation and it is calling on the UK government to set out a long term vision for home ownership....

Property prices expected to rise across the UK over next 12 months


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19 Jun 2013

Households across the UK expect the value of their home to rise over the next 12 months as optimism over future price rises reaches its highest level in three years, according to a new report.

Londoners are the most optimistic about house price rises over the next year, closely followed by those in the East Midlands, while those in the North East expect the most modest increase in values, the latest Knight Frank and Markit House Price Sentiment Index shows....

Drilling under the influence: Brits admit to drunken DIY


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15 Jun 2013

As many as 3.3 million Brits have attempted DIY when they were drunk in the past year, according to research.

The new study found that 11% of men and three per cent of women confessed to trying to undertake DIY or other home improvements after two or more drinks.

Although this much alcohol would likely push them above the legal limit for driving, Brits were still willing to risk handling powertools and other potentially dangerous equipment....