Interest. Just the sight of those eight little letters makes the majority of homeowners quake. That’s become even more the case since Brexit negotiations began, and it only looks set …
As it stands, tenants are subject to significant charges on all sides whenever they embark on renting a new property. As well as deposits, tenants have to cover everything from …
The terms “quantitative easing”, “unfriending” and “Glam-ma” all have one thing in common: they have been added to the dictionary in the last decade. However, of all of those terms, …
Britain is currently in the midst of a housing crisis. House prices continue to rise, pushing many would-be homeowners out of the market. Now the Campaign to Protect Rural England (CPRE) has released a statement claiming that the solution to the problem could be to rethink the amount so-called “brownfield” land available in England and Wales. The organisation says that there are sufficient brownfield sites across the two countries for the development of more than a million homes.
The government’s Help to Buy schemes have assisted over 400,000 first-time buyers in obtaining their very first home. HM Treasury figures have recently shown that over 494,108 property purchases have been made thanks to Help to Buy Schemes over the past 6 years and around 430,000 of those purchases were from first-time homeowners. Properties bought under Help to Buy schemes average around £200,000 in value.
There has been a lot of talks lately surrounding the government Help to Buy scheme and whether or not it’s on its last legs. Many reports state it’s right to be cautious about the Help to Buy mortgage scheme, and housing institutions, the government and even the press are saying that maybe its time is up.
Japanese Knotweed is a terror for many homeowners and homebuyers. The weed can stop you from getting a mortgage because of how fast it can grow and how quickly it can get out of control. Indeed, this weed can sink roots deep enough to cause structural damage to properties. The tarmac and brickwork of your home could crack and drains underneath your property may get blocked because of it. As this weed makes it near impossible to get a mortgage it can leave sellers stuck with their home.
It’s an oft-lamented fact that home ownership has been in a steady state of decline and that it has become harder and harder for first time buyers to get a foot on the ladder. But the latest statistics seem to challenge this assumed truth. Even in a climate of political and economic uncertainty first time buyers seem to be reaching new heights of enthusiasm with numbers reaching a 12-year high in 2018.
Surveys have shown that home prices have slowed down in the past year. Indeed, based on the results from Nationwide’s most recent house price index home prices have been rising at their slowest rate for almost six years. According to the Index, the prices of homes had only risen 0.5% in 2018, leaving the average UK home price at around £212,281.
According to the latest figures from Halifax, house price growth has fallen to the lowest it has been in five years. This comes after growth fell from 2.5% in September, to 1.5% in October. Figures from Halifax indicate that in October, house prices rose marginally by 0.7%, after two monthly falls. The average price of a house in the UK currently sits at £227,896.