Are We Running Out Of Properties To Buy In The UK?
According to TwentyCi‘s newly released Property & Homeowner End of Year Report 2021 the UK is running out of properties, as we have only 2.5 months’ worth of stock left. …
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Keep up to date with the latest news and views on the UK property market.
Property Price Increase of 7.6% Compared To January 2021
The latest House Price Index released by rightmove shows that average property prices have increased by 0.3% in January 2022 to £341,019 from £340,167 in December 2021. The last time …
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35% More First-Time Buyers In 2021 Compared To Last Year
Even though house prices have seen a 9% increase in 2021, the highest number of first-time buyers since 2002 have made the step onto the housing ladder. This is a …
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Bank Of England Plans To Scrap Interest Rate Rule For Mortgages
The Bank intends to abolish the rule that borrowers must be able to afford a rate rise of three percentage points. The Bank of England (BoE) has announced plans to …
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Rising Demand For Flats Trumps ‘Race For Space’
Experts say the reopening of some offices and the end of the Covid stamp duty break are skewing demand in favour of flats in the UK housing market. According to …
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Welcome To The New Age Of The Senior Citizen Landlord
Lending rules eased by banks have handed a lifeline to retiree landlords previously barred from buy-to-let investing. Minimum income requirements, which specify buy-to-let borrowers must earn a certain level of …
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24% Of Landlords Earn In Excess Of £50,000 Per Annum From Property
Although 32pc of landlords earn less than £15,000 per annum from their properties, 24pc earn in excess of £50,000, according to new research. However, most landlords (44pc) fall in the …
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Energy Upgrade Crackdown Will Trigger Landlord Exodus
Experts have warned that an imminent crackdown on energy upgrades will trigger an exodus of landlords from the private rented sector. The Government intends to introduce legislation to ensure all …
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Flood Risk Assessment Product Launches To Mortgage Market
A UK environmental consultancy has launched a new product aimed at enabling insurers, risk managers and mortgage lenders to assess flood risk accurately. GeoSmart Information‘s FloodSmart Analytics program provides the …
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UK House Prices Still Rising But Outlook For Market ‘Far From Certain’
Nationwide Building Society say the average UK property price has increased by more than £30,000 since the start of the Covid-19 crisis. Despite the phasing out of the Government’s stamp …
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