Quarterly prices rose by 0.9% in prime outer London in October, the highest rise in five years, Knight Frank research shows. The largest quarterly rises in London were in Belsize Park (3.2%), Dulwich (2.3%), Wandsworth (2.1%) and Wimbledon (1.8%). Tom Bill, head of UK residential research at Knight Frank, said: “A second national lockdown in […]
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House prices rose by 7.5% year-on-year in October due to strong demand for higher value homes, Halifax’s House Price Index has found. Quarterly prices increased by a substantial 4.0%, bringing the average price to £250,457 across the UK. However, month-on-month price growth slowed considerably, down to 0.3% compared to 1.5% in September. Russell Galley, managing […]
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Principality has pledged not to repossess any homes across its business until 30th June 2021. Wales’ largest building society is calling on its members who are struggling to pay their mortgages to work closely with them to help them through any financial problems so they can help them stay in their homes. Julie-Ann Haines, chief […]
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Liverpool is the best city to save for a deposit, where the average house price is just £109,520, compared to average salaries of £23,314. This means people can save for a 10% deposit in four years and eight months, according to research from Coulters Property. The second best city to save for a deposit is […]
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The Bank of England has boosted quantitative easing by £150bn, in addition to holding interest rates at 0.1%. The Bank’s Monetary Policy Committee said the economy is expected to avoid another recession, but unemployment is likely to rise as government support schemes end. The unemployment rate is forecast to increase to around 6.3% by the […]
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Oscar Brooks, director at Moda Living As one of the UK’s fastest growing housing brands, it is our duty to make a mark on the rental sector. We realise more than ever the fundamental role technology plays in the day-to-day experiences of our residents, and how crucial it is to the future success and sustainability […]
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Legal & General has launched SmartrFit, a mortgage criteria search tool and affordability calculator for advisers. Results from SmartrFit inform advisers which lenders match their clients’ particular circumstances and the maximum loan amount they would offer. The tool utilises lenders’ own affordability and lending criteria, helping advisers find the right products quickly and accurately. SmartrFit […]
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A new 266-home development on the western edge of Melton Mowbray is set to launch early next year. Bellway East Midlands is building a selection of two, three and four-bedroom homes at Roman Gate, on land to the south of Leicester Road. Plans for the development were approved by Melton Borough Council in November last […]
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A shared ownership scheme backed by peer-to-peer (P2P) has launched, pledging to deliver net income of 3% per annum as well as 100% capital growth for investors. OnStep allows people to live in a home without a mortgage, with a deposit of 5% of the property value. This acts as an equity loan and the […]
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One in five individual and multi-property landlords felt unprepared when they first started letting properties, research by Direct Line – Business found. Out of those who didn’t feel ready, the most common areas they felt they were lacking in knowledge were drawing up tenancy agreements (59%), eviction rights (51%), public liability (49%) and tenant security […]
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