First time buyers in London, undeterred by property prices rises have reached a new annual high with registrations up 55.3% annually according to new research from haart.
Latest mortgage data shows first time buyers now make up 46.4% of all mortgages written helping to buoy the national property market with a 21.3% increase in property sales. Continue reading
The cost of owning a home in the UK is now on average £124 per month lower than renting (£1,488 a year), according to research by Halifax.
The average monthly costs associated with owning a three bedroom house stood at £645 in December 2013; which is 16% lower than the typical monthly rent of £769 paid on the same property type. Continue reading
Ahead of this week’s Budget, the UK’s largest independent estate agent haart has outlined a new proposal to change the way stamp duty is charged which is fairer to the consumer and will help to get the current log jam of housing supply unblocked.
Under the radical proposal, each seller will be able to deduct the value of stamp duty paid by their buyer from the stamp duty they pay on their next home. Continue reading
Stamp duty “dead-zones” have wiped over £260 million off the value of residential properties sold in the England and Wales since April 2012 at an average cost of almost £7,000 to each seller, according to property website Zoopla.co.uk.
Since April 2012, when the last changes were made to the levels of stamp duty charged on the purchase of a residential property, over 37,000 properties have been under-priced in order to avoid costly jumps in stamp duty and make them more attractive to buyers. Continue reading
A major theme for this year’s Budget needs to be the supply of homes and more specifically, mobility in the property market.
Having a place to call home is of utmost importance to every one of us, whether we own or rent. Continue reading
Which? Mortgage Advisers has revealed that buying a house is viewed as one of the most stressful life experiences, with nine in 10 people considering it taxing.
The dream of getting a foot on the property ladder – one of life’s most momentous occasions – is actually one of life’s most stressful events, according to new research. Continue reading
Brighton has been revealed as the place in England with the best odds of finding a soul mate this Valentine’s Day, according to research by property website Zoopla.co.uk.
Zoopla.co.uk examined data from across the country to find the areas with the highest proportion of single adults and the largest number of property enquiries for studios and one-bedroom flats, typically sought after by singletons. Continue reading
It may have one of the highest birthrates in the country but Slough has been voted the least romantic location in Britain according to this story that first appeared in Metro.
The Thames Valley town, famous for its vast industrial estates and the ‘Slough (sewage) stench’, has replaced Scunthorpe at the top of the ‘undesirables’ list. Continue reading
Aberdeen is the most cost-effective town in Britain for buying property compared to renting.
Over a typical seven year period, the average property owner in the Scottish town can expect to be £99,040 better off compared to the equivalent renter, according to research from property website Zoopla.co.uk. Continue reading
The governments’ equity loan scheme has created 46 new homeowners every day since its launch, new figures show.
Housing Minister Kris Hopkins welcomed the news, as a sign of how the scheme is helping both aspiring homeowners, but also the wider construction industry as more homes are built in response to this growing demand. Continue reading