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Over half (54%) of renters have concerns about being unable to pay their rent due to financial difficulty, research from Intus Lettings has found. The average rent contribution per month is £530, while half of tenants don’t believe their rental property is good value for money. Hope McKendrick, head of lettings at Intus, said: “These […]
The post Tenants plagued by financial stress appeared first on PropertyWire.
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Homeowners looking to convert their loft should expect to add an average of £11,020 to the price of their home, Halifax research found. This is despite the cost of converting the loft being around £22,200. Going green with a living roof – where vegetation or plants are added to the roof of a property – […]
The post Adding a loft is the most lucrative home improvement appeared first on PropertyWire.
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More tenants are seeking housing but supply fell to its lowest level in seven months in January, ARLA Propertymark’s January PRS report has found. Demand for rental accommodation reached a record high of 88 per member branch last month, up from 56 in December 2019. David Cox, chief executive of ARLA Propertymark, said: “This month’s […]
The post More tenants seeking housing but rental stock falls appeared first on PropertyWire.
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Savings schemes, Help to Buy replacements and Stamp Duty should all be looked at by the government ahead of the Budget on 11 March 2020, according to the Intermediary Mortgage Lenders Association. IMLA said first-time buyers have to find large deposits of 20-25% due to tighter affordability criteria and stress testing rules, which means ‘more […]
The post IMLA calls for ‘big thinking’ Budget to fix the housing market appeared first on PropertyWire.
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Nearly half (44%) of British homeowners would not buy their home again if given the chance, research from home interior company www.Hillarys.co.uk found. This is typically due to issues with the house like heating and plumbing (59%), as well as the size of the house (43%) and having troublesome neighbours (34%). Less common reasons are […]
The post Some homeowners regret buying their property appeared first on PropertyWire.
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Properties in Prime Central London are coming onto the market at twice the rate as other areas of London, as owners look to take advantage of the sharp uplift in the property market, Chestertons, one of central London’s largest agents, has revealed. January figures show that the number of new properties coming onto the market […]
The post Prime London activity surges compared to the rest of the capital appeared first on PropertyWire.
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Last year saw the most commercial property transactions in Scotland for a decade, at 4,667, analysis from the Scottish Property Federation has found. At £3.37bn, the value of commercial property sales in 2019 also hit its highest annual total since 2015. David Melhuish, director of the Scottish Property Federation, said: “We’re pleased to see the […]
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Some Brits don’t have a grasp on how house prices vary across the country, research from online estate agent Housesimple has indicated. One in five Brits (19%) wrongly believe a four-bedroom barn conversion in Blackburn cost more than a two-bedroom penthouse in London – the London home would cost around £2.49m more. People in London […]
The post Brits unaware of regional house price differences appeared first on PropertyWire.
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There were 635,277 remortgage cases last year, 4.2% more than in 2018, the 2019 Remortgage Snapshot from LMS has found. 5-year fixed rate products were the most popular, with 46% of remortgagors choosing that product. The average monthly payment decreased to just £181.42. Nick Chadbourne, chief executive of LMS, said: “2019 brought healthy remortgage volumes […]
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Eagle-eyed readers may have noticed my name wasn’t on the site quite as often as usual last week. That’s because I was visiting New York City for the first time. I saw the bright lights – the Empire State Building is still impressive 90 years on – though I later wandered into an area of […]
The post New York and the dreaded Mansion Tax appeared first on PropertyWire.
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