Hammond ditches Osborne’s help-to-buy homes scheme

Philip Hammond has confirmed that the government’s help-to-buy mortgage guarantee scheme will be closed by the end of the year, another of former chancellor George Osborne’s flagships now abandoned by the Treasury.

In a letter to Bank of England governor Mark Carney, the chancellor said the scheme had a “specific purpose that has now been successfully achieved”.

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Hertfordshire is best place to raise a family

New parents should consider selling up and moving to Hertfordshire, according a new study which has just named the county the UK’s best place to raise a family.
Top exam results, good pay prospects and plenty of sunshine, combined with lots of GPs and fast broadband, place Hertfordshire firmly at the top of the uSwitch Better Family Life index, published on Wednesday.

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Housing market ‘falters amid Brexit campaign and vote’

The supply of homes on the UK market fell at its sharpest rate to date and buyer demand hit an eight-year low as Brexit was confirmed, surveyors say.

House prices are expected to fall across the UK in the next three months, the Royal Institution of Chartered Surveyors (Rics) survey suggested.

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Jobs boom pushes serious rent arrears down 4%

Fewer tenants are falling into serious rent arrears thanks to the improving employment market, according to letting agents Your Move and Reeds Rains.

In absolute terms, just 86,200 tenants across the UK are more than two months behind in their rent. This compares to 89,300 in the previous quarter. This represents a 4% fall and means that 3,100 households in homes to let have moved out of serious rent arrears since the end of 2015. Continue reading

Cost of renting one-bed property soars in UK

The cost of renting a one-bedroom property in the UK has risen to swallow almost half of the average young worker’s take-home pay, according to figures, while those living in London are typically handing over 57% of their monthly wages.

The average cost of a new tenancy on a one-bedroom home hit £746 a month in May, taking up 48% of the take-home pay of a worker aged under 30, data from property firm Countrywide showed. Continue reading

Designer villages where house prices are over £1 million

Who wants to be a property millionaire? As house prices continue to rocket, particularly in the commuter belt, more village residents are winning.
This year, eight villages in Essex, Surrey, Greater Manchester, Hertfordshire and Hampshire, have joined the so-called “Millionaires’ Club”, where average asking prices, recorded by Rightmove, have leapfrogged the £1 million mark.

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17th century castle empty for 20 years is going under the hammer

An incredible 17th century abandoned Italian castle is set to go under the hammer in mint condition – despite being left empty for 20 years.
The Castello di Sammezzano in Tuscany, Italy, was built in the early 17th century by Spanish nobles and was even visited by Emperor Charlemagne, before it was turned into a hotel-restaurant.

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