The UK’s housing market was slow but steady, affected by Brexit uncertainty, in the third quarter of 2019 but first time buyer sales increased by 8%, the latest industry analysis shows. Sales grew by 2.2% year on year, a slowing rate of growth with properties valued at £300,000 and below were the best sellers, according […]
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The first time buyer mortgage sector has reached its highest level since 2007, but home mover loan rates are still falling, the latest industry figures show. Overall, there were 35,010 new first time buyer mortgages completed in August 2019, up 0.7% from in the same month in 2018, the highest monthly total since August 2007 […]
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Legal reforms are set to cause headaches for landlords in the private rented sector with responses to the Government’s plans to reform Section 21 ‘no fault’ evictions not being welcomed by the industry or lawyers. As part of the consultation into proposals from the Ministry of Housing, Communities and Local Government (MHCLG) to end so-called […]
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Changes to tenancy rules, aimed at helping renters, could unintentionally leave vulnerable groups at continued risk of being unfairly evicted, according to the charity Citizens Advice. It wants to see an end to section 21 ‘no fault’ eviction notices. They’re blamed for so called revenge evictions where tenants are forced out because they’ve complained about […]
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Nearly half of over 55s would consider moving if they didn’t face stamp duty, with a change therefore boosting sales to so-called last time buyers, new research suggests> The nationwide study from independent equity release adviser Key found widespread support for scrapping stamp duty for last time buyers to encourage older home owners to downsize. […]
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Urban properties close to public parks, gardens and playing fields in England and Wales are more expensive than homes further away by some £2,500, a new analysis reveals. Houses and flats within 100 metres of public green spaces are an average of £2,500 more expensive than they would be if they were more than 500 […]
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Wales continues to buck the trend seen across England as the average house price reached a record peak of £191,006 in the three months from July to September, the latest index shows. The figures from Principality Building Society’s Wales house prices index for the third quarter of 2019, reveals the rise and fall in house […]
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Financial Services Bill proposals outlined in the Queen’s Speech could boost the mortgage market while building safety plans have been widely welcomed. According to Ishaan Malhi, chief executive officer of online mortgage broker Trussle, the financial Bill should be used to deliver solutions to improve the mortgage market. ‘Too often, the mortgage industry doesn’t work […]
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Government plans to end so-called ‘no fault’ evictions and at the same time expand what amounts to a good reason to evict may not improve tenants’ security and risk being unworkable in practice, according to lawyers. Responding to a Ministry of Housing, Communities and Local Government (MHCLG) consultation, London firm Osbornes Law has warned that […]
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The price of prime country houses in the UK is falling, with values down overall by 2.3% year on year, the latest quarterly index shows. But there is a sign of improvement in the sector as average prime country values in England and Wales declined 0.1% during the quarter, taking the annual change to -1.7%, […]
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