One in six (16%) second steppers in Scotland are contemplating turning to the bank of mum and dad to plug the gap between the value of their first home and the cost of the house they would ideally move to, according to the latest research from Bank of Scotland.
The majority of Scotland’s second steppers will be hoping to use savings (65%) or equity in their current property (73%) to fund the move to their second property. Continue reading
Home insurance brand esure has warned people to be more vigilant with their personal belongings after new research found that the average bunch of keys unlocks an estimated fortune of over £28,000 and two fifths of Brits (43%) have lost their keys in the past month alone.
According to the findings, almost one in five Brits (18%) misplace their house or car keys at least once a day and despite recent figures showing that nearly 800,000 homes were broken into between 2011 and 2012. Continue reading
Here, Andy James, advice policy manager, Towry comments on the ONS survey on total household wealth…
“The impact of age and location on total household wealth undertaken by the ONS makes for interesting reading. Continue reading
Prices for London’s best homes continue to rise and now stand 58% higher than the market low in March 2009.
But, according to Liam Bailey, Global Head of Knight Frank Residential Research, there’s growing evidence that buyers are less willing to commit to homes with over-ambitious price tags. Continue reading
When it comes to selling your home and moving on, how do you decide what to leave behind? Equally, when you move into a new home – what do you expect the former owners to have left? Continue reading
Prime London rents were unchanged in May, bucking the downward trend the prime market has seen over the past year. Continue reading
Around 4000 people have reserved a new home using the Equity Loan part of the Government’s flagship Help to Buy scheme in just two months.
The Equity Loan scheme, launched on April 1, has already seen developers committing to increasing supply, but with the scale of demand for the scheme now becoming apparent, it is clear the industry will be able to significantly increase output. Continue reading
A year since the new law was introduced, almost 1 in 3 renters are still unaware of tenancy deposit protection schemes.
A survey, conducted with over 4,000 private renters in England, also found that one in five (20%) don’t know if their deposit has been protected. Worryingly, almost one in ten (9%) know that their deposit definitely has not been protected. Continue reading
Regeneration is key to unlocking the untapped growth potential of cities across the UK, according to the CBI Director-General.
In a speech to the Birmingham Made Me design expo, John Cridland, CBI Director-General, outlined his vision of a new approach to regeneration which focuses on business growth and breaks the cycle of dependency on the public sector. Continue reading
New research of more than 9,000 potential buyers from Rightmove reveals that nearly three quarters (72%) of those who expect to buy in the next 12 months have heard of the new Help to Buy scheme.
Of these, 62% say that they understand the details of the scheme and whether it can help them buy. Furthermore, the healthy appetite for the scheme among home-movers is confirmed by data which shows that there were more than 330,000 visits to Rightmove’s own Help to Buy section in May alone – nearly three times more than the monthly record for the corresponding section for NewBuy. Continue reading