A third of house buyers in Britain turn a blind eye to serious structural issues and risk losing thousands, according to new research. Overall, more than half don’t even check for major issues such as rising damp, central heating, electrics, and structural problems, the survey from Atom bank has found. Some 54% admitted to not […]
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The majority of self-employed workers in the UK, some 71%, believe it’s harder for them to get a mortgage and blame unfair application processes. Overall some 22% believe that they are being ‘penalised’ for being self-employed, 33% say gathering the necessary documents for a mortgage application is a challenge as they generally are asked to […]
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There has been a consistent rise in residential property owners looking to let their property, with a 15.3% increase across London from January to August this year compared to the same period in 2018. Properties on the market through real estate firm JLL have increased across the capital, though there are notable hotspots in key […]
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Gross mortgage lending across the residential market in the UK reached £24 billion in August 2019, down by 3.2% compared to the same month in 2018, industry figures show. There were 85,931 mortgages approved by the main High Street banks in August 2019, according to the data published by industry organisation UK Finance. Mortgage approvals […]
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The price premium being paid for a freehold property by home buyers in England and Wales is at its highest since 2011, enhanced by issues relating to leaseholds, new research suggests. Using property transaction data, estate agents Benham and Reeves found that the price gap between a leasehold and freehold property was 14.3% in 2011, […]
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There was a 1.2% rise in residential property sales in the commuter Counties around Dublin in the first half of 2019, but transaction values fell by 0.6%, the latest analysis shows. The biggest jump in transactions was in Louth with sales up by 22.6% and the value of transactions up by 28.6%, according to the […]
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Ben Beadle is to be the chief executive of the new National Residential Landlords Association in the UK. The organisation is formed from the merger of the National Landlords Association and the Residential Landlords Association and it will launch in January 2020. Beadle will join in November. Beadle is currently director of operations at Touchstone, […]
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New home building in Scotland has increased by 15% in the last 12 months, a rise of 3,000 new properties compared with the previous year, official figures show. However, Housing Minister Kevin Stewart has warned that a No Deal Brexit could have a damaging effect on future growth. It is the sixth consecutive annual increase […]
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A prolonged period of low rates and stagnant house price growth has helped boost the number of mortgages approved to buyers with small deposits, typically those buying their first home, the latest mortgage trend report shows. There were 66,059 residential mortgages approved during August 2019, down 1.9% month on month but marginally up compared to […]
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Residential property sales in August remained broadly stable year on year, with just a 0.9% drop from 2018, the latest official figures show, a significant 15.8% rise month on month. The data from HMRC also shows that overall there were 99,890 residential transactions and 11,300 non-residential transaction. Non-residential sales were up 8.7% compared with August […]
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