27 February 2017The Evening Standard have reported that the average asking price of a home in London has dropped by 0.4%, although the average asking price is still a hefty £624,953. Inner London boroughs have dropped by 2.1% while the outer boroughs have increased by 1.4% showing the market for more affordable homes is still going strong.
27 October 2016It’s two years since the cash buying sector’s biggest ever shake up with a major OFT study – but what’s happened since? Back then the sector was valued at nearly £1 billion a year in terms of purchases made. The number of companies and the volume of transactions has increased since and is now though to stand at around £1.5 billion a year. This increase is showing little sign of slowing with the number of enquiries made to buying firms up around 30% and the appetite from the companies to purchase ever increasing.
7 September 2016The latest report by the National Association of Estate Agents reveals that first-time buyers made up just 23% of sales in July – down from 29% in May. That is bad news for those such as young families who are looking to move from a starter home into their next property, with fewer potential purchasers around to invest in bricks and mortar.
1 September 2016A late August heat wave and a reduction in the number of people holidaying abroad did little to improve a gloomy summer property market, figures from Nationwide confirm. August saw a slight pickup in house price growth but the outlook is still “clouded” according to the lender.
22 June 2016Research conducted by The National Association of Property Buyers (The NAPB) reveal a mixed picture ahead of the vote on Thursday which many have forecast will bring about a crash in the UK property market.
13 April 2016If you need to sell your house in a hurry then you might be thinking of using a quick sale firm. But what are your other options? And if you want to take the quick sale route, what should you watch out for?
3 December 2015Struggling home owners who are trying to find a way to pay the bills this Christmas are being urged not to rush to sell their properties without checking out the buyer first. Quick house sale firms operate by buying properties for cash. Some promise that customers can have the money in their bank account within seven days – and some deliver.
29 July 2015Recently, online estate agents have received increased attention from the media, offering people a new way of selling their home cheaply and quickly. While it can be an alternative for people who are prepared to wait and dedicate their time, consumers may not realise that it won’t suit those who think they can use it to sell their house faster and with less hassle with any guarantee of sale.
23 July 2015More and more often we are hear the term “equity release” as an option to ease financial woes or taking money out of a home without having to move… but what actually is equity release. What are the advantages and disadvantages of this route?
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.