The political twists and turns of Brexit are causing activity to ebb and flow in the prime London property market, according to the latest residential review report. The total potential spend by buyers registered in prime central and prime outer London markets is £51.5 billion, according to the report from real estate firm Knight Frank. […]
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The two-up, two-down house, which used to be a staple of the British housing market, is no longer popular with the number being built halved in the last 20 years, new research shows. Indeed, two bedroom houses now make up just 2% of new build houses for sale in some areas and 9% overall, according […]
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Free market reforms are needed to increase the supply of homes for sale in the UK to help tackle the nation’s housing crisis, according to a new academic paper published by a right wing think tank. It calls for green belt land to be selectively re-classified where housing is most needed, for stamp duty and […]
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Although the Government has already taken steps to limit the impact of stamp duty on first time buyers, the property tax remains a major barrier for older home owners who want to downsize, it is suggested. According to the Intermediary Mortgage Lenders Association (IMLA), there is a whole generation of asset-rich but cash poor people […]
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Almost a quarter, some 23%, of mortgage intermediaries expect that consumers could choose to bypass advice and arrange their mortgage directly with a lender due to proposed changes, it is suggested. The Financial Conduct Authority, the UK’s financial watchdog, is proposing to remove prescriptive requirements around firms’ execution only policies, but a new survey suggests […]
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The number of tenants in the UK’s private rented sector experiencing rent rises increased to the highest figure on record in June, the latest report from letting agents show. More than half, some 55%, of agents reported landlords increasing rents, up 22% compared with May which was a previous record high, the report from the […]
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A total of £1.85 billion in housing wealth was unlocked in the first six months of 2019, in line with the same period last year but a two speed equity release market has emerged, the latest figures show. In the second quarter of 2019 as sales of new drawdown mortgages grew while take-up of new […]
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The dream of home ownership for middle income Britain, individual buyers and those unable to draw on family wealth will be over in the next decade without urgent action, according to a major lender. The Government, housing industry and mortgage industry need to act or owning a home will become possible only for wealthy young […]
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Activity in the central London property market picked up in the second three months of 2019 following two slower moving quarters, according to the latest market update report to be published. Overall asking prices fell by 3% but sold prices increased by 2% compared with the second quarter of 2018, the data from the Winkworth […]
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