New Which? research finds that two thirds of consumers (66%) are planning to cut back on Christmas spending this year.
The top ways people are cutting back are by buying cheaper Christmas food (25%), spending less on decorations (23%) and spending less on entertainment (22%) like going to pantomimes. One in ten people (11%) are even cutting back on the electricity they use for Christmas lights. Continue reading
House prices in the three months to November were 2.1% higher than in the preceding three months. Whilst higher than in October, this quarterly rate was in line with the increases of 2.0-2.1% recorded throughout June to September.
Commenting, Martin Ellis, housing economist, said: Continue reading
As the Met Office issues a severe weather warning for strong winds, freezing temperatures and snow across many parts of the UK this week, Halifax Home Insurance offers some timely advice to help homeowners avoid the misery of burst pipes and windstorm damage.
Last year, Halifax Home Insurance handled 26,874 windstorm damage claims, which cost more than £15.5 million in total to put right. The insurer also registered 21,739 claims for burst and frozen pipes, costing an average of £1,779 per incident to fix. Continue reading
The number of loans advanced to homebuyers in November climbed above 70,000 for the first time since January 2008, according to the latest Mortgage Monitor from e.surv, the UK’s largest chartered surveyor.
There were 71,920 house purchase approvals in November, a 6% increase on October, in a sign of growing lender and consumer confidence. Lending to home-buyers was 34% higher than a year ago, when the number of loans approvals came in at just 53,539. Continue reading
The latest figures highlighted by The Money Charity indicate that increasing numbers are struggling to keep up with paying their rent each month.
Over the last few months there has been a significant increase in landlords issuing claims against their tenants in the county courts of England and Wales. The number of orders for possession, both outright and suspended, is also increasing with nearly 70% of claims resulting in some form of order. Continue reading
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