The £600,000 upper threshold of the Help to Buy scheme in London is distorting the capital's property market, an independent estate agent suggests. James Pendleton estate agents studied seven development hotspots in London over the last 12 months, and found that more [...]
New government proposals would see a crackdown on the "unfair charges" imposed on people buying new-build houses. If the government's plans are approved by a public consultation, leaseholds on new-build houses will be outlawed, and ground rents could end up being significantly [...]
New government figures show that the number of housing transactions taking place has fallen for the third consecutive month. In June, there were 96,910 house purchases across the UK, a fall of 3.3 per cent on May and the lowest figure since [...]
A report from the Lenders group has urged lenders to allow for bigger mortgages on more energy-efficient homes. The government-funded research has found that factoring energy ratings into the lending criteria could allow homebuyers to take out bigger mortgages. Currently, estate agents [...]
The average house price in the UK rose in the year to May 2017, but house price growth continues to slow down, new figures from the Office for National Statistics (ONS) revealed. House prices rose by 4.7 per cent in the year [...]
The average supply of housing stock has fallen to a record low with the housing market 'stifled' by uncertainty, according to the Royal Institution of Chartered Surveyors (RICS). The RICS residential market survey in June found that the stock of properties on [...]
Research provided by mortgage broker Private Finance suggests that over half of properties purchased in the UK for over £1m will be sold outside of London. This would be the first time this has taken place in British history. Private Finance's research, [...]
On average, first-time buyers need a deposit of £32,889 to get onto the property ladder, according to Halifax's First-Time Buyer Review. Halifax's report found that 47 per cent of all property purchases with a mortgage in 2017 were through first-time buyers, while [...]
The Halifax have revealed figures showing that UK house prices fell by 1 per cent in June, the largest monthly fall since January. The figures put the average price of a house or flat at £218,390. House prices fell for the third [...]
Bovis Homes has set aside an extra £3.5m for rectifying issues with the build quality of its new homes, bringing the total amount spent on remedial work up to £10.5m. Many customers have complained that the homes they were sold had not [...]
