The number of house hunters registered per estate agent branch fell slightly in June but remains high for the year as the housing market continues to show resilience, according to the latest industry report. They fell from 307 to 305 but year on year demand has only fall by 1%. In June 2018 there was […]
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More than a third of self-employed would-be mortgage applicants didn’t go ahead because they expected rejection, a new study has found. One in five who applied were turned down because of insufficient proof of future earnings But specialist lenders take a more understanding view of self-employed applicants The national study, by specialist lender Together, found […]
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A council tenant in London has been ordered to pay over £100,000 after being taken to court for illegally subletting his social housing flat in Victoria as a holiday home through Airbnb. Legal action was taken by Westminster City Council against Toby Harman, 37, after it was found that the property on Vauxhall Bridge Road […]
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The housing market is slowing in England and Wales with average prices of existing homes rising just 0.3% year on year, the weakest performance since 2011, according to the latest analysis. Month on month prices were up by 0.9% and sales fell by 2.5% year on year, the fastest fall since 2008, the report from […]
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Existing home sales in the United States weakened in June, as total sales saw a small decline after a previous month of gains, according to the latest index report from realtors. While two of the four major regions recorded minor sales jumps, the other two, the South and the West experienced greater declines last month, […]
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The number of homes in England and Wales sold more than once within a 12 month period, known as flipping, has fallen dramatically overall since its peak in 2004, new research shows. Last year 18,630 homes were flipped in England and Wales, some 69% less than the 60,340 homes flipped in 2004. However, between 2017 […]
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Plans to redevelop a disused site in North West London to provide over 800 new homes, with over 40% affordable properties, which was rejected by the borough council is to go ahead. The Mayor of London called in the application for Pentavia Retail Park in Mill Hill after Barnet Council rejected it because members of […]
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Fewer home sales registered in England and Wales in June fell compared to the previous month but the number was still well up on April 2019, the latest official figures show. Overall, the number of sales received for registration was 81,742, down from 85,667 in May but up from the 74,683 recorded in April, according […]
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Overall, country house prices in Scotland increased by 1.1% year on year, led by increases across the central belt, in the North and in the Borders, the latest rural property update report shows. Agents have indicated that demand has been underpinned by an increase in discretionary buyers, with a notable rise in those from outside […]
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Gross mortgage lending across the UK’s residential market in June 2019 was £21.9 billion, some 4% lower than the same month the previous year with analysists suggesting the slowdown is part of wider Brexit uncertainty. The industry data from UK Finance showing a further slowdown in mortgage lending also showed that the number of mortgages […]
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