Mortgages lasting 30 years are 'the new norm' for first-time buyers

More than half of first-time buyers are taking out extra-long mortgages of up to 40 years, new Government figures show. A trend towards longer borrowing terms which make the cost of loans thousands of pounds more expensive, has come as a result of rising house prices and the Government's new
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Title work – This means a title company will do a bit of research on the title – making sure there are no liens, claims, etc. Once the title company confirms there are no encumbrances, they will issue a title policy. Appraisal – An appraisal is a written estimate of a property's market value and is based upon
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Nearly two decades after it faded away, the XFL—Vince McMahon's competitor to the NFL—is coming back. The football league will begin games in 2020 with the official announcement coming later Thursday, according to CBS Sports. The original XFL was a joint venture between the WWE and NBC
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The asset was purchased from Duck Pond Realty and was subject to a $33.4 million Freddie Mac loan, according to Yardi Matrix. Constructed in 1995, the property is situated on 32.7 acres and offers interior features such as washer/dryers, fireplaces, high ceilings and private balcony/patios. Residents
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If your New Year's resolution is to do the research on buying the vacation rental you have been coveting for years, do more than go to a lender and ask about a conventional mortgage. There might be an option that's more acceptable and easier to handle than typical historical methods. The greatest
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There is a complete dichotomy between performance on stock markets and real estate sector's business performance. New home launches are down significantly, and inventories of some of real estate companies stand at 200 per cent or even at 300 per cent of annual sales. Yet many real estate stocks
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Community Bank is pleased to announce its plans to construct a new headquarters located in Flowood, Mississippi. “We are proud to be a part of Rankin County, having been a member of this community for over twenty years. Community Bank is delighted to further our commitment to the area by
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Rothschild Asset Management Inc. lifted its stake in shares of Honeywell International Inc. (NYSE:HON) by 2,358.6% during the 3rd quarter, according to … Jefferies Group restated a “buy” rating and set a $155.00 target price on shares of Honeywell International in a report on Thursday, September 28th.
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Lennar has amalgamated a robust ecosystem of financial products that make it easier to transact a home, from mortgages, to title insurance, to home insurance, etc. Digitizing these residential financial products has been a strategic priority for Lennar and Fifth Wall, as digitization holds the potential to
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AMBLER, PA. — Mortgage bankers and investment sales brokers alike expect multifamily markets in the Southeast to record more investment and financing activity than any other region in 2018. In Berkadia's inaugural poll of nearly 150 staffers across 60 offices, the company reveals that more than
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Despite their dull name, accessory dwelling units are the flavor of the moment. At both state and city levels, officials are working to make them easier to build by, among other things, streamlining the permitting process. Some who are running for office locally are including them in their policy platforms;
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Ohio voters may be asked to crack down on payday lenders. 0 … Payday lenders sidestepped the limits put in place by the 2008 ballot issue by issuing loans under other sections of Ohio law. … Those organizations can issue loans under the Ohio Mortgage Lending Act and the Ohio Small Loan Act.
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Two of Taylor Swift's entertainment companies are being sued for allegedly promising to purchase a townhouse through a real estate company … but then leaving them out of the deal. According to a lawsuit obtained by The Blast, Douglas Ellman — a big real estate company based in NYC — claims
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“Larger than the social sector, and housing more families with children, the private rented sector provides much needed housing for nearly five million people. “The Government needs to recognise its vital role in the housing market and implement pro- growth tax and planning policies to support the
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Long-term mortgage rates rose this week for the third straight week, as expectations for faster growth and potentially higher inflation grow. The 30-year, fixed-rate mortgage rate reached 4.15 percent, the highest since March. This week, Last week, Year ago. 30-year fixed, 4.15, 4.04, 4.19. 15-year fixed
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There's bad blood between Taylor Swift and a Manhattan real estate broker, who claims the pop superstar refused to pay a $1.08 million commission for the purchase of her new Tribeca townhouse. An unnamed member of the brokerage firm, Douglas Elliman, introduced​ the “Shake it Off” singer to the
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The robust real estate market in Dayton is just one of the many signs of economic recovery for the Miami Valley. Speaking as a panelist at the 2018 Economic Summit event on Jan. 25, Dave Dickerson of Miller-Valentine Group said as the Dayton economy “continues to improve,” the commercial real
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This is a big difference to banking, where you can see the hierarchy from analyst to MD ahead of you and you therefore have an idea where your career is going next. Here, I have no idea at all – it seems like they just hire juniors like me to do valuation work and to prepare the ground for executing deals.
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The average home price in the top 5 percent of the market jumped to $1.76 million in the fourth quarter, up 7.4 percent from a year earlier, according to a report released Thursday by brokerage Redfin Corp. In the bottom 95 percent of the market, meanwhile, the average rose to $333,000, an increase of
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Canada and Mexico are seeking to preserve dispute-settlement panels only for their own companies in a revamped Nafta deal, if the U.S. insists on opting out them, according to two Canadian government officials familiar with the plans. Under the tentative plan, Chapter 11 of the North American Free
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