“Green Shoots”, “Tentative Steps”, call it what you will but today we got confirmation that Northern Ireland house prices are on the up with a significant increase in the number of sales agreed!
In this article Andrew Montlake, a Director in the Coreco Group (and award winning mortgage blogger) provides an excellent insight into the often jargon riddled world of mortgages.
More than half of people in Northern Ireland with interest-only mortgages will struggle to pay off the lump sum at the end. Forty per cent of mortgages in Northern Ireland are interest-only.
A tenancy deposit is a sum of money which a landlord may ask a tenant to pay at the start of a tenancy. Up until 31 March 2013 the landlord held the money as security against the tenant not meeting their obligations in connection with a tenancy agreement.
HMRC has ended the Stamp Duty Land Tax ‘Disadvantaged Areas’ Relief Scheme for property purchases completed after the 6th April 2013. They have said that it does not encourage people to buy properties in disadvantaged areas in Northern Ireland.
The latest RICS and Ulster Bank Northern Ireland Housing Market Survey suggests that sales activity continued to increase last month and price falls are easing.