First time buyers typically spend £52,900 on rent before getting on the housing ladder, the Association of Residential Letting Agents (ARLA) Cost of Renting report claims.
Applications made by Limited Companies accounted for 43% of all buy-to-let transactions in January, analysis from broker Mortgages for Business has revealed, up from 38% in December 2014.
The number of new homes registered to be built in the UK increased by 7% year on year in 2015, hitting an eight year high of over 156,000 according to the National House Building Council (NHBC).
Responding to the HM Treasury consultation on the 3% surcharge on Stamp Duty Land Tax (SDLT) proposals for second properties, the Council of Mortgage Lenders (CML) urges reform of the implementation plans, to mitigate potentially negative impacts on the housing market as a whole.
A new report has revealed that almost 13m people plan to move over 20 miles in order to be able to afford to buy their first home.
According to Experian, one in three private tenants have put their plans to buy on hold and have remained in rented accommodation longer than planned.
ARLA (The Association of Residential Letting Agents) wants a dedicated court or tribunal to deal with all property and housing related legal disputes.
In 2007 the proportion taking out a thirty five year term was 16%, yet by 2015 that figure grew to 26% according to researc h from the Halifax..
Research from Which? Mortgage Advisers reveals that buying and selling property is one of the most stressful life experiences - more so than having a child and second only to going through a divorce. But which was considered worse?
The Government has kick-started its affordable homes programme by announcing the fast-track building of thousands of houses on publicly-owned land.
Mortgage rates are likely to rise in the first quarter of 2016 as lenders look to control their lending before the Mortgage Credit Directive comes into force in March, the Association of Mortgage Intermediaries predicts.
The Royal Institution of Chartered Surveyors (RICS) is predicting that rents are likely to increase even faster than house prices in the next five years.
The Uk’s largest conveyancing firm claims there has been a 140% increase in the number of properties requiring leasehold extensions in just the past four years - and that 10,000 transactions a year may be affected by 2020.
More than 600,000 Britons are now property millionaires with their home values having eclipsed the £1m mark.
A report from Santander says that potential first-time buyers would have lower monthly outgoings if they bought a property than they do renting.
Barriers to getting on the housing ladder fell from September to December 2015 with the announcement of The Building Societies Association’s Property Tracker which found that 52% saw raising a deposit as the biggest barrier, down from 59% in September.
Owning a home is likely to be on many peoples New Year wish list. With the Government’s commitment to deliver thousands of new homes, there are many doors opening for first time buyers, as well as opportunities for the housebuilding industry.
HM Revenue and Customs has published the responses it received to its 12 week consultation on changing the Wear and Tear Allowance for buy to let landlords.
The chairman of Berkeley Homes is warning that the Government’s 3% stamp duty increase for buy to let properties and second homes risks damaging the ability of housebuilders to construct new homes
First-time buyer sales hit a 6-year high in October to account for nearly a third (31%) of all sales, according to the National Association of Estate Agents’ October Housing Market Report
Buy to let landlords would have to pay an extra £4,565 per property purchase in the first three quarters of 2015 if the Chancellor’s 3% stamp duty rise was already in effect, Kensington analysis has revealed.
With the Government’s Help to Buy ISAs now launched, new insight from MoneySuperMarket reveals 63% of prospective homeowners plan to take advantage of these new tax free accounts to help get them on the housing ladder.
The number of commuters spending more than two hours travelling to and from work has increased by 72% over the past 10 years - with high house prices the major factor.
Gross lending hit its highest level in over seven years in October, according to the Council of Mortgage Lenders.
Halifax has revealed that the value of the UK's private housing stock has risen by 53% over the past decade from c£3.3 trillion in 2005 to c£5.1 trillion in August 2015.
Asking prices have dipped slightly in the normal November slowdown, reports leading property website Rightmove.
New research by Gocompare.com claims that first-time buyers need on average a minimum household income of £50,000 to purchase a house in the UK.
Measures which discourage investment in the private rented sector can only push up rents and harm tenants more than landlords, a report from the Intermediary Mortgage Lenders Association warns.
The National Association of Estate Agents top tips for those looking to sell their property during winter are as follows:
The latest report from The Office for National Statistics on private housing rental prices has found that over the last 12 months up to September 2015, private rental prices paid by tenants in Great Britain have risen by 2.7%.
Housebuilding registrations fell by 2% in Q3 2015 year on year despite the government’s pledge to boost housing supply, figures from the National House Building Council (NHBC) reveal.
Gross mortgage lending reached £20bn in September 2015 the Council of Mortgage Lenders has estimated.
The Chancellor, George Osborne, has said that the Bank of England was likely to receive the powers it had asked for to regulate the mortgages which small landlords use to buy properties.
UK pensioners are more reliant on their homes than in any other European nation, a report from Dutch banking group ING has revealed.
The average annual cost of being a homeowner is set to reach £15,300 this year, Legal & General’s Home Truths research predicts.
A campaign targeting residential landlords has given HM Revenue and Customs an additional tax take of over £50 million.
Women looking to buy a home are most concerned about the space within a property, while men’s decisions are governed by the home’s location, research from Santander reveals.
The government is telling councils to produce local plans for new homes in their area by 2017 – or Whitehall will ensure those plans are produced for them.
New data from Chartered Surveyors e.surv has found that over the last twelve months, the number of house purchase mortgage approvals has reached a twenty-month high and risen by 19.8%.
Average rents have risen for 10 months in a row according to the Royal Institution of Chartered Surveyors - and there's every sign that it will continue into 2016.
According to new data released by Mortgage Advice Bureau, the total number of mortgage products has passed 15,000 for the first time since the recession.
Residential property sales in the UK hit an 18-month high in August, following a 3.1 per cent month-on-month rise, the latest figures published by HMRC have revealed.
Homeowners are more confident in the state of the UK economy and their own finances than renters, the latest Lloyds Bank Spending Power Report has revealed.
A report from The National Landlords Association (NLA) shows that the majority of landlords don’t plan to take advantage of pension freedoms to invest in property.
Buy to let sales in August 2015 were up by 54.1% compared to the corresponding month last year hitting £3.31bn, research from Equifax Touchstone shows.
52% of borrowers say they will struggle or fall behind with mortgage repayments when interest rates rise, according to a new survey by the Building Societies Association.
Halifax research has revealed that the average price of a flat has risen £730 per month over the past decade from £145,874 in 2005 to £233,424 today.
The number of homes built within the green belt surrounding our towns and cities has halved over the last twenty years, according to research from Countrywide.
A property solicitors’ practice says buy to let investors who intend using their property to fund some, or all, of their retirement should have a property Lasting Power of Attorney created before they reach retirement age.
Nine million UK renters (45%) say they will never be able to afford their own home, according to the latest Post Office Money Mortgages survey.
The housing market could see an increase in the number of “silver landlords” as two in five (37%) over-55 homeowners plan to buy a second property as a buy-to-let, development or for their relatives, research from Prudential has revealed.
Over half a million people in the UK intend to use all or part of their pension to help repay their mortgage balance, reveals new research from specialist insurer Partnership.
According to the Council of Mortgage Lenders, the repossession rate - already at its lowest since records began - continued to fall in the second quarter of 2015. During that period, the rate was 0.02% - equivalent to just 1 in 5,000 mortgages. Arrears also continued to fall.
Nearly 40% of all homes sold under Right To Buy in England have gone on to become buy to let investment properties.
A modern or open plan kitchen, off-street parking and a back garden are the features most likely to make a home ‘more desirable’ to potential buyers, according to research from property portal OnTheMarket.com
Communities secretary Greg Clark has announced a £26 million fund for house builders to build starter homes for first-time buyers.
The UK housing market is at risk of a stalemate as growing families in most parts of the country face unaffordable increases in mortgage size if they want to move up the property ladder, say Experian.
New research from more 2 life shows that 40% of homeowners in the run-up to retirement are now relying on their property wealth as part of their planning.
Properties situated on ‘Lanes’ are worth over £100,000 more than those on a ‘Street’ according to new research by Barclays Mortgages.
The rise of buy to let lending continues apace with the latest figures from the Council of Mortgage Lenders showing another increase in activity.
We were delighted to donate tools including a fork, spade and watering can to the Cranford Park Friends group after we heard how heartless thieves stole tools from a 'secret garden' used by cancer patients.
As we enter 2014, many people’s thoughts turn to the property market and at Oakhill Estate Agents we understand this desire to know what is happening and our prognosis is very positive for the year ahead.
Michael and Justin recently took part in the Kew Gardens 10k run and raised over £1000 for the Mo Farah Foundation.
As a member of the UK’s largest property ombudsman scheme, Oakhill Estate Agents are one of 11,745 residential sales agents that have signed up to TPO’s Sales Code of Practice.