Tag: homeowners
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Mortgage arrears jump as homeowners and landlords feel pressure from rate hikes
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The number of mortgages in arrears has jumped as cost-of-living pressures and higher rates on home loans bite, according to a trade association representing lenders. Some landlords…
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Surging bond yields add to Canadian homeowners’ mortgage pain
[ad_1] The roughly 75,000 Canadian homeowners awaiting mortgage renewal notices next month are bracing for a shock interest rate jump due to a surprise rise in global bond yields, which will further squeeze already tight household budgets. In Canada, homeowners can take out five-year mortgages, unlike in the U.S. where customers can snag a 30-year mortgage. This means many Canadians who locked…
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‘It’s heart-wrenching,’ Kelowna homeowners say of Fortis BC’s tree trimming practices
[ad_1] Elayne Rix still gets emotional talking about what used to be a 65-foot-high mature linden tree in her front yard. “We watched it grow. We were here 38 years ago and it was 50 years old,” she told Global News. The tree, in Kelowna’s Hall Road area, was significantly pared down on Aug. 28…
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From renters to homeowners: International students tackle Australia’s housing crisis
[ad_1] Key PointsAustralia’s rental crisis is turning some international students into homeowners.Overseas homebuyers in Australia need to pay for additional costs beyond the purchase price of the property.Expert says buying instead of renting is not a sustainable solution to Australian housing crisis. Some international students are choosing to buy rather than rent due to the…
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B.C. offers incentives to homeowners to build rental suites
[ad_1] Breadcrumb Trail Links News Local News Homeowners must rent the suites at below-market rates for 5 years for eligibility. Read more Published Sep 19, 2023 • Last updated 26 minutes ago • 4 minute read The B.C. government plans to incentivize homeowners to build secondary suites on their property with a new three-year pilot program.…
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Jump in homeowners and landlords falling into arrears on mortgages
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails A growing number of homeowners and landlords fell into arrears with their mortgage in the second quarter of 2023, according to figures from a trade association. UK…
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Banks offer relief for homeowners as mortgage rates slashed
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Four of the UK’s top lenders have slashed interest rates on fixed mortgage deals, offering some relief to struggling homeowners. Experts said the moves by the biggest…
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The “100-year storm” could soon hit every 11 years. Homeowners are already paying the price.
[ad_1] The growing threat posed by hurricanes is costing Americans money before even a single drop of rain has fallen. Homeowners in Florida and Louisiana have seen dizzying spikes in their insurance rates over the last two years, and those costs are likely to rise even higher, as reinsurers face growing expenses of their own.…
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Mortgage rates hit seven-month high as homeowners feel ‘intense pain’
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Fixed-rate mortgages have risen to their highest level since the torrid aftermath of Liz Truss’ mini-Budget fiasco in the autumn, as homeowners were warned of “intense pain”…
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Mortgage payments live : Hunt unveils new help for homeowners after crunch meeting with banks
[ad_1] Jeremy Hunt claims the ‘government will do what it takes’ to tackle inflation Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Mortgage-holders will be offered a series of steps to help them deal with the hike in interest rates that…