Much has been written on temporary accommodation in the UK, over the past few months. In fact, recent figures released by the House of Commons in their report Households in Temporary Accommodation (England) dictates there has been a 60% increase in the number of households in temporary accommodation in just six, short years. It’s a […]
Read More… from Households in Temporary Accommodation, England 2018
According to experts, now is the best time to be a first-time buyer in the UK. Numerous support programmes from the Government, including cuts to stamp duty, as well as well lower deposit and cheap mortgage deals, the number of people buying a home for the first-time is on the rise. According to UK Finance […]
Read More… from The number of first-time buyers was up 7.4% last year
New figures from Halifax reveal that mortgage payments in the UK have risen to their most affordable level in more than four years, in the last three months of 2017. Halifax compiled the figures using the Bank of England and Office for National Statistics (ONS). The data found that typical mortgage payments accounted for less […]
Read More… from Mortgages are at most affordable level in more than four years
At the end of 2017, the Government banned leaseholds for almost all new build houses and announced new measures to “cut on unfair and abusive practices within the leasehold system.” The crackdown on what some call “feudal” practices has been announced in July 2016 due to a huge increase of concern about buying and living […]
Read More… from The Leasehold System is Very Much Alive, Despite Government’s Measures
Buying a house is no mean feat. Finding the perfect home to call yours, for the right price and without facing a mammoth mortgage is incredibly difficult, especially in this day and age, due to the unstable housing market and fluctuating interest rates. Since the vote to leave the European Union in 2016, house prices have […]
Read More… from House prices on the rise in 2017, but down from 2016
The recent news regarding how stamp duty is to abolished placed Brits into two categories: those who see it as a gift from heaven and those who believe it will only make things worse for everybody in the long run. Who will benefit from the change? The change is meant to help first time buyers […]
Read More… from How will the recent change in stamp-duty affect buyers and sellers
It’s no secret that properties sell better at certain times of the year. What is more, sellers can expect to get a better price if they put their property on the market at the “right” time. This is because at certain times of the year, especially spring, there are traditionally more home buyers and more […]
Read More… from More than 40% of properties in the UK sold on Friday
Sadiq Khan has unveiled his draft Housing Strategy, in a bid to make the long-running housing crisis that little bit better, which has seen a mismatch between a high level of need, and a particularly worrying level of housebuilding. Statistics surrounding the housing market in London has illustrated how the number of new homes being built […]
Read More… from Sadiq Khan to improve housing crisis, by buying land for £250million
In a recent study published by the Office for National Statistics (ONS), figures show the changing nature of workless households. The statistics come from the Annual Population Survey (APS) and cover the period of January to December 2016, and only include households where at least one person is aged 16 to 64 years old. Workless […]
Read More… from Where are the highest number of workless households in the UK?
Over the last few years, renting has become an increasingly popular choice for many, particularly for millennials. According to a study by YouGov, a quarter of households in the UK will rent privately by the end of 2021 rather than owning a house. With the increase in house prices and larger student loan debts, many […]
Buying a house is never a simple process, and comes with several financial complications to say the least. House prices in the capital is a particularly daunting topic, especially when you are a first-time buyer. So many questions will enter your head, from mortgages, to ISAs, and suddenly the realisation that you do not truly understand what […]
Read More… from Properties in London are 11.37 times the average salary – but who is better off?
Property prices in London are notoriously some of the most expensive in the world. With wage inflation stagnating below the upsurge in property prices, it has become very difficult for those looking to get a firm foothold on the London property ladder. Many people have therefore been forced into the private rental sector and some […]
Read More… from London’s Single Tenants Sacrifice More Than 50% of Their Monthly Salary on Rent