New property listings rise in February: Housesimple
The number of new properties listed for sale rose in February, according to Housesimple. Data collected by the firm shows that new property listings rose by 11 per cent nationwide between January and February – from 52,207 to 57,992. In addition, the amount of new stock in London rose by 8.1 per cent […]
Home makeovers boost house value by £40k
Research from Post Office Money revealed three out of five homeowners have made improvements to their homes over the last five years and the average cost of the revamps was £14,000. New kitchens, garden landscaping and walk-in wardrobes were the enhancements most likely to add value to homes and providing the most […]
The Benefits of the PRS
New research by the National Landlords Association (NLA) has found that the estimated total Income Tax contribution by private landlords exceeds £3.8bn annually – more than double Tesco’s entire annual tax bill. The research found that, assuming typical deductions are made for regular maintenance, finance costs, and miscellaneous legal and management expenses, landlords in […]
Equity release funds 46 first-time buyers a week
Family members taking out equity release helped 46 first-time buyers a week onto the housing ladder in 2018, Canada Life Home Finance has found. The company estimated that one in 34 (2.9%) of the 82,791 equity release customers in 2018 used the money to help first-time buyers secure a home. Alice Watson, head of marketing […]
The number of empty homes across England up 5%
The number of empty homes across England has risen for the second year running, representing £53.6bn worth of vacant stock, analysis by modular homes provider Project Etopia has found. The number of long-term vacant properties rose by 5.3% to 216,186 in 12 months to October 2018 according to the latest MHCLG figures, following a 2.6% rise the previous […]
Should you remortgage before Brexit?
Brexit is just around the corner and while it is impossible to predict exactly what will happen, the impact on interest rates is a concern for mortgage holders. Interest rate rise The Bank of England raised interest rates in August 2018 for the second time in 10 years to 0.75%. It has hinted […]
Where are the top London boroughs for FTBs?
The debate has raged for years. North of the river or South? Well, according to the latest data and analysis from digital mortgage broker, Habito, first time buyers consistently opted for South London over North London during 2018. The data comes from a sample of more than 7,000 mortgage adviser consultations and completed applications […]
Renters’ top 10 most wanted property features
Zoopla reveals the keywords potential tenants are most likely to search when looking for a new home. Brits appear to be more concerned about their car than themselves when it comes to finding a rental property. According to the latest data from Zoopla, what renters want most in a rental home is ‘parking’, followed […]
As a 95% interest-only first-time buyer loan is offered, is this a helping hand or a throwback to the property boom’s mortgage madness?
To some it may sound like a helping hand onto the property ladder, but to others it will seem like a mortgage deal that harks back to the lending madness of the 2000s. First-time buyers looking to limit their outgoings can benefit from a unique deal, which lets them buy a home with an […]
UK house prices: Experts cast doubt on price hike as Halifax hails ‘resilient’ housing market
House prices rose almost three per cent at the start of 2019 compared to the same period last year, new figures revealed today. Annual house price growth hit 2.8 per cent in the three months to February compared to the corresponding time in 2018, Halifax’s house price index said today – much higher than […]