First time buyers spend £52,900 on rent before buying
First time buyers typically spend £52,900 on rent before getting on the housing ladder, the Association of Residential Letting Agents (ARLA) Cost o...View Full Details
Limited Company Buy to Let transactions rise again in Jan...
Applications made by Limited Companies accounted for 43% of all buy-to-let transactions in January, analysis from broker Mortgages for Business has...View Full Details
UK housebuilding up 7% year on year but still way behi...
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...View Full Details
A Help to Buy ISA is opened every 30 seconds
Potential first-time buyers have opened a Help to Buy ISA account every 30 seconds since the scheme was launched on 1 December 2015.View Full Details
CML: Stamp duty reforms urged
Responding to the HM Treasury consultation on the 3% surcharge on Stamp Duty Land Tax (SDLT) proposals for second properties, the Council of Mortga...View Full Details
House price confidence remains strong
The latest quarterly Halifax Housing Market Confidence Tracker has revealed that confidence in the UK housing market remains strong despite a backd...View Full Details
How far will people move to get on the property ladder?
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.View Full Details
CML: 2015 lending reached £220.3bn
Mortgage lending reached an estimated £220.3bn in 2015 – an 8% increase on 2014’s total of £203.3bn, Council of Mortgage Lenders figures show.View Full Details
Experian: 1.7 million tenants frustrated in their home bu...
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.View Full Details
ARLA: Dedicated Housing Court needed to cover all letting...
ARLA (The Association of Residential Letting Agents) wants a dedicated court or tribunal to deal with all property and housing related legal disputes.View Full Details
CML: “slow but steady” growth
The Director General of the Council for Mortgage Lenders (CML) Paul Smee has forecast “slow but steady upward trajectory over the next two years” a...View Full Details
26% of first-time buyers take 35 year mortgage terms
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..View Full Details
Stress: Where does buying or selling a property rate?
Research from Which? Mortgage Advisers reveals that buying and selling property is one of the most stressful life experiences - more so than having...View Full Details
Government to directly commission 13,000 new homes
The Government has kick-started its affordable homes programme by announcing the fast-track building of thousands of houses on publicly-owned land.View Full Details
ARLA: rents to increase in 2016
The Association of Residential Letting Agents (ARLA) has said that rents will rise in the New Year due to legislation changes affecting landlords.View Full Details
AMI: Mortgage rates to rise early in 2016
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 ...View Full Details
First-time buyers reliant on family help
More than half (52%) of first-time buyers rely on their families to financially assist them in buying their first home, research from Which? Mortga...View Full Details
RICS: Rents up 3% in 2016 with forecast of more by 2020
The Royal Institution of Chartered Surveyors (RICS) is predicting that rents are likely to increase even faster than house prices in the next five ...View Full Details
Lease extension demand soars over the last four 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 pas...View Full Details
RICS: House prices to increase by 6% in 2016
House prices in the UK will see an average increase of 6% over the course of next year, the RICS housing forecast for 2016 is predicting.View Full Details
Santander: Buying is cheaper than renting across the UK
A report from Santander says that potential first-time buyers would have lower monthly outgoings if they bought a property than they do renting.View Full Details
Michael Wright's Market Update
The start of a New Year is always an opportunity to reflect on the year that has just passed and look forward to the one that is about to begin.View Full Details
Getting on the home ownership ladder getting easier
Barriers to getting on the housing ladder fell from September to December 2015 with the announcement of The Building Societies Association’s Proper...View Full Details
More 95% loan to value mortgages in 2016
New lenders will enter the 95% loan to value market in 2016, Accord’s National Intermediary Sales Manager David Robinson has foretold.View Full Details
Do small housebuilders hold keys to home ownership?
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 man...View Full Details
Wear and Tear tax allowance to be changed after consultation
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 l...View Full Details
A third of the UK has problems with neighbours
18 million residents, or a third of the UK’s adult population, have faced disputes with their neighbour over the past 12 months, and half of those ...View Full Details
Britons quick to fall in love with property
A survey by My Home Move, has discovered that we are a nation of decisive homebuyers who are quick to fall in love with a home and act fast to buy it.View Full Details
Average deposits rising
Mortgage Advice Bureau say that average deposits rose in nine out of eleven regions in October. As a result, the average purchase deposit reached £...View Full Details
Stamp duty hike may hit new-build volumes warns Berkeley ...
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 th...View Full Details
NAEA: First time buyer sales are at highest level in six ...
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 Esta...View Full Details
£4,600 will be the average cost of raising buy to let sta...
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 ...View Full Details
2014 stamp duty change saves buyers £1.9bn
UK homebuyers have saved £1.9bn in stamp duty since it was reformed from a slab to progressive structure in December 2014, My Home Move data has re...View Full Details
63% of those eligible intend to take advantage of Help to...
With the Government’s Help to Buy ISAs now launched, new insight from MoneySuperMarket reveals 63% of prospective homeowners plan to take advantage...View Full Details
TUC: Cost of housing blamed for increased commuting
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 pric...View Full Details
Digital homes add value
A Digital Homes Report by Barclays Mortgages reveals that almost a third of home owners surveyed online believe installing technology in their home...View Full Details
Value of UK housing stock doubles over past decade
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 tr...View Full Details
First-time buyers need £50,000 income to get on the prope...
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.View Full Details
Restricting appeal of buy to let mortgages will push up r...
Measures which discourage investment in the private rented sector can only push up rents and harm tenants more than landlords, a report from the In...View Full Details
Over-55s wealth to double by 2035
The value of property owned by over-55s in England is set to double to almost £2.5 trillion by 2035, research from Age Partnership has revealed.View Full Details
Landlords: Beware of winter void periods
Landlords should be wary of leaving their homes empty in the winter as the weather could lead to problems such as damp and mould, the Association o...View Full Details
Equity release: Pensioners cash in on property
Pensioners are boosting retirement incomes by an average £74,787 by cashing in on rising property prices, analysis from leading over-55s financial ...View Full Details
Second steppers rely on the Bank of Mum and Dad
The Bank of Mum and Dad is no longer being relied upon solely by first-time buyers – as second steppers are depending on their parents to make the ...View Full Details
Public expect house prices to rise
68% of Brits expected house prices to rise in the next 12 months in the third quarter of 2015, the Halifax Housing Market Confidence Tracker reveals.View Full Details
Office of National Statistics: UK rent rises 2.7%
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 2...View Full Details
Number of new homes fell in quarter three although up dur...
Housebuilding registrations fell by 2% in Q3 2015 year on year despite the government’s pledge to boost housing supply, figures from the National H...View Full Details
Right to Rent to commence in February 2016
The Government has announced that from 1 February 2016 all private landlords in England will have to check new tenants have the right to be in the ...View Full Details
George Osborne says tougher buy-to-let regulation coming
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...View Full Details
Inquiry by MPs into rental energy efficiency
The All Party Parliamentary Group for the private rented sector has launched an inquiry into the energy efficiency of private rented housing.View Full Details
UK pensioners more reliant on their homes than anywhere e...
UK pensioners are more reliant on their homes than in any other European nation, a report from Dutch banking group ING has revealed.View Full Details
The annual cost of home ownership to reach £15,300
The average annual cost of being a homeowner is set to reach £15,300 this year, Legal & General’s Home Truths research predicts.View Full Details
Housing Bill backed by NAEA and ARLA
The National Association of Estate Agents and the Association of Residential Letting Agents are backing the government’s Housing and Planning Bill ...View Full Details
HMRC generates over £50m of extra tax from private rental...
A campaign targeting residential landlords has given HM Revenue and Customs an additional tax take of over £50 million.View Full Details
Men are from Mars and women are from Venus when it comes ...
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, resear...View Full Details
Government aim to generate more new homes by clamping dow...
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 f...View Full Details
20% year on year increase in house purchase mortgage lending
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 ...View Full Details
RICS: Rents will rise 3.0% in 2016 as demand continues to...
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 con...View Full Details
There are now over 15,000 mortgage products to choose from!
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 rece...View Full Details
Volumes of property transactions hit (seasonally adjusted...
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 ...View Full Details
Homeowners more optimistic about the UK economy than renters
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 ...View Full Details
NLA survey says majority of landlords won't use pension f...
A report from The National Landlords Association (NLA) shows that the majority of landlords don’t plan to take advantage of pension freedoms to inv...View Full Details
Significant increase in buy to let sales says report
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 sh...View Full Details
Over half of borrowers say they will struggle when mortga...
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...View Full Details
60% increase in the price of flats over the last decade
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.View Full Details
Strong recovery in lending to second steppers
Gross mortgage lending to second steppers and home movers rose strongly in July, to its highest level since October 2007, according to figures from...View Full Details
Huge reduction in house building within the green belt
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 ...View Full Details
Seven million over 50s still paying a mortgage
Research by the Saga Equity Release Advice Service has highlighted that around seven million over 50s are still paying off their mortgage, with dre...View Full Details
Number of first time landlords on the increase
The latest research from the Nottingham Building Society has found that almost 1 in 5 (19%) of landlords plan to buy more properties and add to the...View Full Details
Lasting Power of Attorney vital say property lawyers
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 p...View Full Details
Nine million renters feel that home ownership is a ...
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.View Full Details
Government should encourage downsizing say CML
The government's planning system should be reformed so older borrowers have an incentive to free up family homes, says the Council of Mortgage Lend...View Full Details
Over-55s will buy second homes say Prudential
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 ...View Full Details
Half a million people intend to use pension to repay mort...
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 spe...View Full Details
Good news as arrears and repossessions fall again
According to the Council of Mortgage Lenders, the repossession rate - already at its lowest since records began - continued to fall in the second q...View Full Details
How long does it take to choose a new home?
Research shows that a third of house hunters spend almost three months browsing the property market before deciding on their new home.View Full Details
Nearly 40% of Right to Buy homes have ended up in private...
Nearly 40% of all homes sold under Right To Buy in England have gone on to become buy to let investment properties.View Full Details
Modern kitchens, private parking and gardens top list of ...
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 buyer...View Full Details
£26 million confirmed by Government for new first time bu...
Communities secretary Greg Clark has announced a £26 million fund for house builders to build starter homes for first-time buyers.View Full Details
Affordability at risk of creating housing market stalemat...
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 th...View Full Details
40% of 55 to 64 year olds banking on property wealth to f...
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 pl...View Full Details
Re-mortgage lending rising
House purchase lending hit £20.1 billion in June 2015, up 25% on May and up 13% on June 2014 while re-mortgage figures finally started to recover, ...View Full Details
Research shows properties on 'Lanes' worth £100k more tha...
Properties situated on ‘Lanes’ are worth over £100,000 more than those on a ‘Street’ according to new research by Barclays Mortgages.View Full Details
Buy to let mortgage lending enjoys another strong month s...
The rise of buy to let lending continues apace with the latest figures from the Council of Mortgage Lenders showing another increase in activity.View Full Details
Multiple Award success for Isleworth Estate Agent
Isleworth based Oakhill Estate Agents are celebrating a series of award successes based on their exceptional performance and customer service.View Full Details
Oakhill Estate Agents delighted to help after thieves str...
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 ...View Full Details
Unsung heroes praised at community safety awards
Hounslow Community Safety Heroes awards recognise unsung heroes who have helped improve safety in their communities and these were spotlighted at ...View Full Details
Happy New Year - Michael Wright's look at the local prope...
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 happeni...View Full Details
Oakhill Estate Agents Do The "Mobot" And Raise Over £1000...
Michael and Justin recently took part in the Kew Gardens 10k run and raised over £1000 for the Mo Farah Foundation.View Full Details
St Mary's School Autumn Fete Sponsorship Success!
We were delighted to sponsor St Mary’s Primary School Autumn Fete. As the only estate agent in Old Isleworth and a family business, we are comm...View Full Details
Oakhill Estate Agents become an approved trader with the ...
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 ...View Full Details