Property News · September 27, 2017

More £1m+ London home buyers resorting to mortgages


More home buyers are resorting to mortgages to buy London’s most expensive houses and flats as rising prices drag them into higher tax brackets.
Seventy-four per cent of homes costing £1 million (US$1.4 million) or more in the British capital were bought with a mortgage in the three months through July, up from 65 per cent a year earlier, according to Hamptons International. The figure was as low as 31 per cent during the depths of the financial crisis in 2009.
“Higher stamp…

Source : South China Morning Post
Read more…More £1m+ London home buyers resorting to mortgages

You may also like...