Paying a mortgage rather than renting privately could leave the average consumer £350,000 better off over next 30 years, new research has found. This ‘home owner bonus’ includes the £133,700 an average owner could expect to save when paying a mortgage rather than rent over that time, as well as the additional £218,000 of equity […]
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Farmland values in Britain have shown signs of growth for only the second time since March 2015 and buyers remain active in this property sector, the latest analysis shows. But up to the end of September, the nation has recorded its lowest number of open farmland launches since 1995, according to the report from real […]
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Average house prices increased by 0.8% month on month in August 2019 and by 1.3% year on year to £234,853, according to the latest official index data. In England prices rose by 0.8% on a monthly basis and by 1.1% on an annual basis to £251,233, in Wales they were up by 2.2% month on […]
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Asking prices increased by 0.3% across England and Wales month on month in October to £309, 692 and year on year are now up just 0.1%, according to the latest index figures. But in Scotland the market is slightly more buoyant with asking prices up 0.7% on a monthly basis and up 1.6% year on […]
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Property in the UK is taking almost two weeks longer to sell than last year, now at an average of 114 days nationwide, a new study shows. Homes in Oxford, one of the least affordable cities in the UK, take the longest to sell, staying on the market for an average of nearly five months […]
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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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