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Tag: Housing Prices
Will We See The Housing Market Grow In 2018?
UK house prices fell for a second consecutive month in January as many consumers across the UK struggle with the January squeeze and shrinking disposable income – putting major spending decisions, such as moving home, on hold. Last month, the average price of a home in Britain fell 0.6% to £223,285 according to the mortgage lender Halifax. The drop followed
Winter freeze sees property prices hit new lows
Property investors and first-time buyers can rejoice as housing prices see new lows this month in the long-predicted uptrend of the housing market. As stamp duties have been abolished up to £300,000 for first time buyers in addition to the rise in remortgage obtainability, these wintery months could be the best time to invest. House price growth dipped in October,
First time buyer deposits to soar 57% by 2027
First time buyer deposits could see a huge soar in prices by the next decade, reaching heights of more than half of the current price, L&C Mortgages have warned. The company has compared figures from the Office for National Statistics House Price Index showing how much a first-time buyer typically pays in each UK region as well as the average
Mortgage and Remortgage Approvals See New Highs and Lows
Mortgage and remortgage approvals have seen new highs and lows this month after industry pressures and the new budget take hold of the market. Remortgage approval rates have rocketed ahead of Novembers interest rate hike, jumping to a nine-year high position after driving the stability of the market in October. Recorded by the Bank of England, a total of 51,593 remortgages
Stamp Duty Freedom for First-Time Buyers
Both buyers and agents have recognised stamp duty as a big hurdle for first timers looking to start their housing journey. Many influential companies and people have commented on the tax, calling for something to be done and claiming it holds back transactions and the fluidity of sales. The Evening Standard yesterday ran an article badged as “exclusive”, claiming Philip
The Homeless Crisis
The number of people becoming homeless has seen new highs this week as housing support becomes tighter forcing people onto the streets. According to the National Audit office, over the last six years, homelessness of all kinds has increased significantly, with an overnight count last autumn recording 4,134 rough sleepers (a 134% increase since the conservatives took power) with the
School Catchment Area – How much would you pay?
The first week of school is over and the sound of rejoice sweeps the nation as parents finally enjoy their afternoons. However, with the end of the summer holidays comes the start of a whole new school year and the dreaded battle for a catchment area. Santander Mortgages have highlighted the true battle that parents face as they scramble to
Real Estate Economics – Cooling House Prices
Recent real estate economics of the UK have begun to foreshadow the uncertain future the country holds as it edges closer to Brexit; according to The Guardian‘s recent article. The average house prices across the UK have fallen by 0.1% between July and August to £210,495, with cities such as Bristol struggling to meet the new Demand for houses. Reflecting the recent