11 June 2015With a new majority Government in place and a growing economy, one would expect the housing market to be buoyant. However, the London market has been at the very edge of affordability for the average first time buyer for a while now and there seems to be a real bottleneck whereby banks won’t lend above 70% loan to value and are demanding strict affordability tests, making it harder than ever for new purchasers to get their ‘foot on the ladder’.
3 June 2015Nationwide have just released their report into the property market and headlines have been made about the fact that a record nearly four out of ten homes were sold to people not needing a mortgage – cash buyers. The UK’s second biggest mortgage lender confirms the figure to be a massive 38% and UK home prices to be 4.6% higher than a year ago, down slightly from 5.2% for the period to April.
26 May 2015Selling a house is one of the most stressful times of your life and if you have to do it in a hurry it can often heighten the stress levels, sending blood pressure through the roof and causing endless sleepless nights… but the good news is it doesn’t have to be that way.
22 April 2015There’s no doubt that the Election on the 7th May is going to be one of the most unpredictable in living memory. Gone (for now at least) is the old 2 to 3 Party politics and on May 8th we may be waking up to a Coalition of all shades. The economy has been at the heart of the debate of course and not far behind that, housing.
12 March 2015Ask almost anybody about the process to buy or sell a property and you’re sure to hear the words slow, nightmare, painful and stressful. These words are from successful transactions! Adjectives from those that don’t go through can’t be published here.
20 January 2015Over the past few months The Land Registry have been testing and refining a new Property Alert service which will help people discover any unexpected legal activity on their property which could be fraudulent. While the likelihood of being a victim of property fraud is fairly low (at the moment at least), the possible consequences are not – imagine finding out that someone else has sold your home and you knew nothing about it!
27 November 2014With Christmas well and truly underway (well at least that’s what the retailers want us to think!), it’s almost time for the property market to take its seasonal break too.
5 November 2014According to most people, finding a CASH buyer is about as good as it gets – they have no mortgages to arrange and no necessity to have a survey. Very often they have accumulated the required cash by being savvy investors willing to take a view on many of the niggling issues that can crop up during a house sale. It will mean that the cash buyer can give the most flexibility to a seller and importantly, the most secure sale.
29 September 2014The latest Land Registry figures confirm something we all already know – house prices have continued to soar in August, at least in some areas.
26 September 2014Ombudsman Services, one of the three property industry redress schemes, has reported a 40% increase in complaints since the same period last year. The scheme includes surveyors, letting agents and estate agents.
3 September 2014With the sustained upward pressure on property prices even the Government’s Help to Buy Scheme isn’t enough to get everybody on the housing ladder. For millions of people there is no hope of ever achieving the Thatcherite Utopia of a home owning society.
18 August 2014Much has been said recently about the so called Property Boom, or Bubble depending on your viewpoint, with the London market being especially busy. So has the buoyant market meant a slowdown for companies in the Quick Sale Sector?
14 May 2014Today sees the long awaited launch of The NAPB. We have been very busy for months getting everything ready, most importantly the Code of Practice for Property Buyers by which all members must abide.
14 May 2014New national trade association created to raise standards in the ‘Quick House Sale Sector’ following OFT Market Study. Some of the UK’s largest and best-known property buying companies have collaborated with the Property Ombudsman (TPO) to create a new Code of Practice1 to address the issues raised in the Office of Fair Trading’s (OFT) market study into the ‘Quick House Sale’ sector2.