Over the last five years, consumers believe that almost a quarter (23%) of all home purchases or sales have fallen through due to delays caused by poor communication between lawyers lenders and estate agents, according to a survey by OnePoll, commissioned by the Conveyancing Association.
The results show that, for over half (52%) of those who have bought or sold a house since 2008, the transaction took longer than expected, with just under half (48%) saying the process involved unforeseen delays. Continue reading
More that 2100 homeless families in England were living in emergency bed and breakfast accommodation at the end of September, according to new Government figures – the highest number for a decade.
The new statistics mean that nearly 85,000 children in Britain face homelessness this Christmas morning. Continue reading
Figures released in the latest HBF Housing Pipeline report show a big increase in the number of planning permissions being granted for new homes.
The report – produced for HBF by Glenigan – shows that 44,251 permissions were granted in Q3 in England on 826 sites. This is: Continue reading
One year on from some of the worst flooding in 2012, latest research by the Environment Agency reveals that last year’s record-breaking wet year in England could have cost the UK economy close to £600million.
The overall financial cost to businesses of the extreme weather was up to £200million as total commercial property and contents damage totalled up to £84million, and further indirect impacts – such as staff working days lost – hit companies and local economies for up to £33million. Continue reading
A remarkable lack of mobility among British households has been revealed in new research from mortgage and loan broker Ocean Finance.
Almost two thirds (60%) of adults say they have lived in the same house for more than 15 years, and one in ten say they haven’t moved for 31 years or more. Continue reading
UK house prices increased by 0.6% in November and were 6.5% higher than November 2012, according to the latest Nationwide Building Society Monthly House Price Index.
Robert Gardner, Nationwide’s Chief Economist, said: “UK house prices rose by 0.6% in November taking the annual rate of increase to 6.5% – the strongest pace since July 2010, though prices are still around 6% below the all-time high recorded in late 2007. Continue reading
Building societies and other mutual lenders continue to be the main growth driver in the UK mortgage market with net lending of £1.4billion in October compared to net lending by all other lenders of £0.7billion.
Mutual lenders continue to play an instrumental part in helping first time buyers get on to the property ladder with almost a third of all loans advanced to this group of buyers. Continue reading
As the number of so-called “accidental landlords” remains high, AXA Business Insurance warns that many of them are simply not fulfilling their legal duties to maintain their rental properties and as a result are putting their tenants in potential danger and themselves at financial risk.
Key findings of research carried out among accidental landlords, ie) those who did not originally buy with the intention of renting out their property, or who are forced to continue renting out because they cannot sell at present, reveals: Continue reading
British households have underestimated their main household bills – council tax, gas and electricity – by an average of £467 in the past year, according to new research from Santander Current Accounts.
The analysis suggests that the millions of households struggling to cover their household bills due to spiralling prices are compounding the issue because they are out of touch with current utility costs. Continue reading
Commercial real estate investors are showing greater appetite for risk in Europe as the overall market continues to grow and the recovery in both Ireland and Spain gathers pace, according to the latest data from global property advisor CBRE.
The trend of increasing commercial real estate investment that has been emerging in Europe over the course of this year continued in Q3 2013. Continue reading