News

3 05, 2017

Right to Buy homes being bought back at a significant loss

2017-08-30T16:46:39+01:00May 3rd, 2017|

Local councils across the UK have spent millions buying back the homes they sold at a discount under right-to-buy laws as a result of nationwide housing shortages. A Freedom of Information request has revealed that Islington council have spent over £6.2m re-buying [...]

27 04, 2017

First time buyers still struggle despite raising 10 per cent deposit

2017-08-30T16:46:43+01:00April 27th, 2017|

Many first-time buyers are seeing potential house purchases fall through late on, despite nearly one in five having a deposit of at least 10 per cent saved up. This is according to research from Nottingham Building Society, who discovered that 35 per [...]

21 04, 2017

UK mortgage lending in neutral gear according to CML

2017-08-30T16:47:18+01:00April 21st, 2017|

The general election will have little effect on the UK's housing market, according to the Council of Mortgage Lenders (CML), after claiming mortgage lending has reached "neutral gear". Gross mortgage lending totalled £21.4bn last month, which was in line with the monthly [...]

19 04, 2017

Top property hotspot for young professionals revealed

2017-08-30T16:47:25+01:00April 19th, 2017|

Hove's BN3 postcode area has been named England and Wales' most sought-after location for home buyers between the ages of 25 and 44 years, for the third consecutive year. Lloyd's Bank conducted research based on profiling of 'young, urbanite professionals' by CACI [...]

11 04, 2017

Mortgages prove to be toughest product to switch for third year

2017-08-30T16:47:35+01:00April 11th, 2017|

For the third consecutive year mortgages have been rated the most difficult product to switch, while home insurance provided the least hassle, according to GoCompare.com. The comparison website conducted a survey, known as the "Switching Report", to discover which products are easiest [...]

7 04, 2017

Leaseholders in England being exploited

2017-08-30T16:47:40+01:00April 7th, 2017|

New government estimates show that around four million homeowners in England do not own the freehold to their own properties. Labour says these leaseholders are currently "unprotected" from "rip-off rises in 'ground rents' from developers or management companies". The government has announced [...]

6 04, 2017

Tax rises for landlords set to cause 30 per cent hike in rent prices

2017-08-30T16:47:44+01:00April 6th, 2017|

The introduction of tax rises for landlords today is expected to impact renters by as much as 30 per cent, according to the Residential Landlords' Association (RLA). The RLA conducted a survey which found two-thirds of member landlords think they are going [...]

5 04, 2017

Help to Buy scheme used by wealthy who had no need for it

2017-08-30T16:47:49+01:00April 5th, 2017|

Research suggests that over half of the people who received money from the government to help them buy a home did not actually need it. Around 4,000 households in England with combined earnings of £100,000 annually are currently part of the Help [...]