Buying a house, it is often claimed, is one of the most important decisions you ever take. Buying a home is a decision which, thanks to the difficulty of getting on the housing ladder, more and more people are taking later in their lives. But buy the right house at the right time and the […]
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Borrowers have the whip hand – in Denmark one bank has even started paying them to take out a loan
Savers in Denmark must be squealing with pain at the advent of the world’s first negative rate mortgage, courtesy of Jyske Bank.
Danish savers currently get about 0.1% for their pots of money at the bank and soon they might find deposit-takers start charging them to protect their piles of cash.
Continue reading...Jyske Bank will effectively pay borrowers 0.5% a year to take out a loan
A Danish bank has launched the world’s first negative interest rate mortgage – handing out loans to homeowners where the charge is minus 0.5% a year.
Negative interest rates effectively mean that a bank pays a borrower to take money off their hands, so they pay back less than they have been loaned.
Continue reading...£42,273 fine marks a ‘major victory’ for all private tenants
A lettings agency that posed as a membership club to dodge tenancy laws has been fined more than £40,000 in the first prosecution of its kind in the UK.
Lifestyle Club Ltd pressured tenants to sign a contract without inspecting the terms or the accommodation, charged them a non-refundable “joining” fee and “membership” fee worth a month’s rent instead of a deposit, and directed those who complained to a non-existent redress service.
Continue reading...There’s been a recent rise in low rate 10 year mortgages available for home buyers, but are they a good thing? The Money Advice Service has broken down the pros and cons. Ten year mortgages – the pros and cons Getting a mortgage will probably be one of, if not the biggest financial decisions you’ll […]
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Developers exploit spurious definitions of affordability to pretend they are solving a housing crisis they helped to create
As academics researching the UK housing crisis, we are all too familiar with the extreme lack of public housing. Between 1981 and 2016, for instance, social housing in England decreased by 25%.
So we were surprised to hear about the “renaissance” of public housing in the capital, celebrated in an exhibition by the New London Architecture Foundation, an independent body set up to support conversations about architecture and urbanism in London.
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