News

Here are topical news stories for you:-

3-Dec What do owners spend on their home within 5 years of purchase?

According to new research, after the deposit, searches and solicitor fees, property buyers continue to spend on their new home. The research revealed that new homeowners spend an average of £10,743 on additional, essential costs such as buying... Read More

3-Dec Winter Blues: top tips to beat burst pipe misery

According to new statistics from NFU Mutual, in 2016 claims for mopping up damage caused by burst pipes averaged a massive £5,000. So as Britain faces sub-zero temperatures this week, NFU Mutual is advising homeowners to prepare their property for... Read More

3-Dec Conveyancing Association wants tough leasehold reform

The trade body made the proposals in its response to a Government consultation on leasehold reform. The CA says: “Legislation should be created requiring that reasonable fees are charged with a limit on the services so that new ones are not simply... Read More

3-Dec Smart-tech remains the number one deterrent for burglars

New data from Co-op Insurance has claimed that homeowners who have been a victim of a break in are two and a half times more likely to be targeted again than someone who hasn’t. Furthermore, for those homeowners who are unfortunately targeted a... Read More

3-Dec Right To Build attracts 33,000

New research by the National Custom and Self Build Association (NaCSBA) has found that, since 1st April 2016, over 33,000 people have signed up to Right to Build registers across England to secure a plot to design and build their dream home. This is over... Read More

3-Dec Retired renter numbers to triple by 2032

The latest research and analysis from Scottish Widows has revealed that one in eight retirees, over 1 million people, will be renting by 2032 – treble today’s figure. According to the data,  over 50s renters are not saving anywhere near... Read More

25-Nov Landlords reassured over Budget tax change impact

Buy to let experts are reassuring landlords they will be largely unaffected by Budget changes to limited company taxation, despite reports to the contrary. Early press reports had emerged saying that changes to capital gains tax made in the Budget would... Read More

25-Nov HMRC: Property transactions up 9.2% in October

The number of UK residential property transactions was up 9.2% in October, compared to the same month last year, the latest figures from HMRC show. The statistics found that 105,260 residential property transactions took place last month on a seasonally... Read More

25-Nov Third of parents wont or cant help kids get on property ladder

A new poll commissioned by Royal London, has revealed that 34% of people say they have not and do not intend to offer financial support to children and grandchildren to help them get on the property ladder. The poll of 2,100 found that people living in... Read More

25-Nov Equity release customer numbers at record high in October

Despite the issues facing the wider UK housing market, the popularity of equity release shows no sign of waning, with the number of homeowners releasing equity from their properties hitting a new high in October, according to the latest figures from... Read More

25-Nov Top tips for buyers and sellers

Preparing your home for viewers, or “staging” to use the correct term, is important. Not only will it ensure your property is sold faster, but it can also potentially add thousands of pounds to its value. With major disparities in the... Read More

13-Nov ARLA Propertymark: The top reasons why tenants lose their deposit

Tenancy deposits are there to protect landlords in the event of unpaid rent or damage to their property. Most tenants will get their full deposits back, but there are instances where the landlord may need to keep part – or all – of it to... Read More

13-Nov Is DIY good for our well-being?

According to a new study, 75% of millennials believe DIY has a positive effect on their well-being, despite being a generation of convenience. Exploring the way Brits view DIY, the study by 247 Blinds, found that 67% of 16-25 year-old’s commonly... Read More

13-Nov Successful planning permissions on the rise

According to government data, despite planning applications falling by a quarter, the last 10 years has seen the percentage of successful grants grow from 82% to 88%. Total planning applications have dropped since the economic crash of 2007, but better... Read More

13-Nov Homebuyers refunded £160m in over-paid stamp duty

According to the latest figures from HMRC, stamp duty rules designed to clamp down on buy-to-let landlords have landed ordinary homebuyers with unexpected tax bills totalling over £160m which have then had to be refunded. Higher rates of stamp duty... Read More

13-Nov One in ten UK homes are ex-council properties

The latest figures from new property search portal, Ex-Council.com, have revealed that former local authority homes comprise one in ten houses in the UK. According to the figures there are 2.7 million ex-council properties in the UK – equating to... Read More

5-Nov Top tips to storm proof your home 

In the 30th anniversary year of the Great Storm which saw the UK battered by hurricane-force winds, Halifax Home Insurance is advising homeowners to take suitable steps to protect their properties as Britain braces itself for wintery weather. Storms... Read More

5-Nov 8 obstacles to buying property with a criminal conviction

Regrettable choices and mistakes are a part of growing up that almost everyone experiences at numerous points throughout their lives. Unfortunately, for the unlucky few, some mistakes are easier to forget and move on from than others when it comes to the... Read More

5-Nov Successful planning applications up 6% since 2007

If you're planning a major development, you could be in luck. Data uncovered by Pure Commercial Finance has shown that it’s easier than ever before to get planning permission in England. According to government data, despite planning... Read More

5-Nov First-time buyers underestimate financial costs of buying

There is a lack of understanding around the house buying process and the associated costs amongst those looking to buy their first home, research by Aldermore has shown. Aldermore’s Q3 First-Time Buyer Index showed that the biggest expense when... Read More

30-Oct Darker evenings is time to step up home security

With the cover of darkness to help cloak their movements, burglars will be looking to take advantage of the longer darker nights ahead. With the clocks having gone back an hour and with the evenings growing darker, unwelcome visitors are more likely to... Read More

30-Oct 35-year mortgages see demand surge

New data from IMLA has found that 69%) of mortgage brokers have reported an increase in demand for 35-year mortgages. The data revealed that over one in ten (13%) reported a ‘substantial’* increase in the first six months of 2017 and 77% of... Read More

30-Oct Equity release lending up 44%

Figures from the Equity Release Council show that equity release lending rose by 44% against the year in Q3 and passed £800 million in a single quarter for first time. Over-55s withdrew a total of £824 million of property wealth from their... Read More

21-Oct UK Finance: First time buyer lending up 16% in August

The level of first-time borrowing for house purchase was up on both month-on-month and year-on-year comparisons in August, the latest UK Finance figures show. First time buyers borrowed £5.7bn in August, on a seasonally adjusted basis, 16% more... Read More

21-Oct Homelet: UK rents up 2.1% in September

Rents in the UK rose by an average of 2.1% during September, according to data from HomeLet. September’s increase reflects higher rents agreed on tenancies in almost every area of the country. Only the South-East of England recorded a negative... Read More

21-Oct 12% of homeowners plan to buy second home in next ten years

According to a new study, 12% of homeowners are saving to invest in a second property within the next decade, the majority of these individuals admit they’ve not fully researched the costs associated with doing so, such as stamp duty surcharges and... Read More

14-Oct Over half of homeowners live within 15 miles of their home town

More than half (55%) of homeowners end up buying a property within 15 miles of their home town, research from housebuilder David Wilson Homes has revealed. Young people are more likely to live close to their home town. Almost three in four (73%)... Read More

14-Oct UK rents continue to rise

New data from Homelet has revealed that rents in the UK rose by an average of 2.1% during September, continuing the trend towards higher rents seen in recent months following a period in which rental price inflation was very low or even negative. The... Read More

14-Oct Pensioner property wealth hits record £1.1 trillion

New data and analysis from Key Retirement has revealed that retired homeowners have earned £3,500 a month from their houses in the three months to the end of August as their total property wealth hit a new record high of £1.101 trillion. More.. Read More

14-Oct Over-55 mortgage debt up 14% year-on-year

New Aviva research has found that just 8% of over-55 homeowners who are retired are still paying off their mortgage, compared to 31% of those who are still working. The average amount spent on housing by over-55 mortgage holders has decreased from... Read More

14-Oct British homeowners warned that they are too trusting

A third of British householders leave their windows open when they are out (35%) and one in ten (11%) even leave doors open when they are not at home. A new study commissioned by smart home security firm, Canary, to mark National Home Security Month... Read More

5-Oct England one million homes short of demand

One million new homes are needed in England to meet the demands of a growing population after years of reducing new home build development, research from conveyancing search provider Search Acumen has found. Using official government figures Search... Read More

5-Oct HBF: New home permissions "highest on record"

The number of planning permissions granted in the year to June 2017 is the highest seen annually since the Home Builders Federation and Glenigan began their Housing Pipeline reports in 2006. The latest Housing Pipeline report reveals that permission for... Read More

5-Oct Half of Brits will pay a premium for a ready-to-move-into home

New research has found that 48% of Britons’ would pay a premium to be able to move in to a property immediately without having to do any renovation or replacement work. According to a study of 2,000 UK adults by BetterBathrooms.com, homebuyers are... Read More

5-Oct Majority of FTBs plan to rely on Bank of Mum and Dad

A report by the Yorkshire Building Society has revealed that 59% of first-time buyers expect to receive financial help from parents or other members of their family. According to the report, as many as 82% of these young adults believe it’s unfair... Read More

29-Sep What first time buyers should know before buying

According to a new survey by My Home Move, almost a fifth of homeowners confessed that they didn’t realise their first home would need work doing to it. 700 homeowners across the UK shared the hard-learnt lessons of being a first-time buyer. They... Read More

29-Sep More private renters than mortgaged homeowners by 2025

There will be more private renters than homeowners with a mortgage by 2025, NatWest senior economist Sebastian Burnside has predicted. There are already more private renters and outright homeowners and fewer people owning with a mortgage than 10 years... Read More

29-Sep Over 18 million Brits set to inherit a property

New research among 2,000 UK adults by bridging lender MFS has revealed the intentions of those expecting to inherit a property. The survey found that 36% of people across the country will be inheriting a property – equivalent to 18.64 million... Read More

15-Sep EPCs - ten years on

The 1st August 2017 saw the tenth anniversary of the introduction of Energy Performance Certificates (EPCs) as part of the requirements on a property owner looking to sell or let a property. EPCs are valid for a period of ten years and so this now means... Read More

15-Sep Lenient lending from bank of Mum and Dad

The Bank of Mum and Dad is potentially the UK’s most lenient lender and its relaxed approach means it ends up writing off huge numbers of loans each year, according to research from Prudential. Remarkably, every one of the more than 1,000 parents... Read More

15-Sep New home building blocked by lack of land

Research by the Federation of Master Builders’ has identified that a lack of available small sites and a lack of finance top the list of barriers to SME house builders increasing their delivery of new homes. According to the FMB’s House... Read More

15-Sep Outlook for first time buyers looking more optimistic

New data and analysis covering Q3 2017 by specialist bank, Aldermore, has revealed that the outlook for first time buyers is slowly becoming more optimistic. While a large proportion of first time buyers do believe it is still very difficult to get on... Read More

15-Sep More first time buyers helped by grandparents than parents

New research by equity release referral service, Key Partnerships, has revealed that 34% of estate agents have seen a rise in first-time buyers being helped by grandparents compared with 26% who report an increase in parents helping out children. Around... Read More

15-Sep What commitment to buy a new home

According to a new report from L&C Mortgages, despite 5.1 million UK adults delaying starting a family or getting hitched in order to buy a home, fewer than 8% see owning a property with a partner as a greater example of a long term commitment. ... Read More

10-Sep Could multi-generation homes be the answer to the future

Young people living with two or three generations under one roof are better prepared for the responsibilities of owning a home, a new study constructed by new-homebuilder, Strata has revealed. In fact, of those aged 16-34, 80% believe they have learnt... Read More

10-Sep Halifax: Annual house price growth climbs to 2.6%

According to the latest data and analysis from Halifax, house prices in the three months to August were 2.6% higher than in the same three months a year earlier. The annual rate in August is higher than in July (2.1%), however it has fallen from a peak... Read More

10-Sep How to live off-grid and become self-sufficient

In the modern age, sometimes it feels as though it would be impossible to leave everything behind and live a more self-fulfilling, and self-sufficient, lifestyle. Smartphones, cars, and constant food, water, and energy supplies have all contributed... Read More

10-Sep Which feature adds the most value to bathrooms?

Showerstoyou consulted 32 different estate agents, property professionals and designers from around the UK to find out how homeowners can maximise the value of their property when renovating their bathroom or adding a new one. Bathroom features were... Read More

1-Sep Being a second stepper is harder than being a first time buyer

Homeowners ready to take their second step up the property ladder say it’s harder than getting on it in the first place according to the latest Lloyds Bank Second Steppers report, which tracks the ongoing plight of home owners looking to sell their... Read More

1-Sep Cost of running a home almost half of average income

A study by home insurers MORE TH>N has found that owning a three-bedroom home in the UK comes with average annual running costs of £18,197, or £1,516 per month. Rented three bedroom homes are slightly less expensive at £17,657 per... Read More

1-Sep Bank of Mum and Dad funding £2.3bn of rental payments

The Bank of Mum and Dad will fund £2.3 billion of rental payments in 2017, paying out on average £415 every time a rental payment is made, according to new research from Legal & General and Cebr. Data shows that the Bank of Mum and Dad... Read More

21-Aug Mortgage arrears and possessions decline in Q2 2017

The number of mortgages in arrears of 2.5% or more has reached its lowest level since 1994 at 88,200. The number of properties taken into possession also declined in Q2 2017 to 1,800. Paul Smee, head of mortgages at UK Finance, said: “These... Read More

21-Aug Can energy saving improvements increase the value of your home?

A new report published by leading global real estate advisors CBRE Residential reveals the true environmental impact of residential property, suggests how to create truly eco-friendly homes and considers the long-term premiums attached. The benefits of... Read More

21-Aug Building societies maintain high share of mortgage market

The latest data from the Building Societies' Association has revealed that developments in the wider economy are making it more challenging for homebuyers and savers. Building societies continue to support both groups, and maintained a high market... Read More

21-Aug First time buyers given boost by equity release

New research from Retirement Advantage has revealed that during the first half of 2017, 13 first-time buyers were helped onto the housing ladder every week thanks to relatives who released equity from their homes. Its data shows that in H1, 2% of... Read More

12-Aug New home registrations remain stable in quarter two

Statistics from NHBC have revealed that during Q2, 40,000 new homes were registered to be built by developers due to a rise in  the affordable homes sector. According to the analysis, 40,343 new homes were registered during the period April - June,... Read More

12-Aug Multigenerational living increasing

Analysis from lifetime mortgage provider, OneFamily, using data from a survey of over 2,000 parents and grandparents across the UK, has revealed that 35% of the adult children who contribute to household bills pay a share based on what they earn. ... Read More

12-Aug UK leads the way for digital house hunting

A study from HSBC has found the UK is leading the way in online property research as 93% of prospective home buyers revealed they use online channels to enhance property search. According to PropTech expert James Dearsley, property will be the next... Read More