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uk housing market

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Record house sales

Record Number Of Homes Sold In One Month In UK

June 2021 became the busiest month since records began, thanks to frenzied activity in the housing market before the changes to the stamp duty rules...

mortgage interest rate rule

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...

Holiday lettings

Holiday Lettings Boom Sparks Rental Supply Crisis

Investors flocking to take advantage of the UK staycation boom have helped to undermine rental markets in holiday home hotspots, leaving tenants homeless. The stock...

landlords' annual income

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...

rise of retiree landlords

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...

Cladding

Jenrick Passes Buck To Leaseholders In Cladding Crisis

Thousands of leaseholders in a minimum of 239 apartment blocks will be unable to sue developers as the buildings are too old. While ministers publish...

Property Price Boom

UK Property Boom Drives Surge In Asking Prices

House prices look set to continue their meteoric rise over the summer as demand soars offset by a limited supply of stock. The Nationwide House...

Flooded Street

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...

upgrading energy efficiency

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...

Buying houses

Nearly 70% Of Home Sellers Found A Buyer Over Past Year

The chance of home sellers finding a buyer in the current market has jumped to an all-time high over the last year, the latest data...

rising demand for flats

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...

property demand

Demand For Property Remains High Despite Fall In Sales of 63% In July

The latest statistics from HMRC reveal that the first fall in property transactions in 2021 occurred in July, with a drop of 63pc compared to...

Uk houses

Jump In Buyer Demand And House Prices To Continue For Time Being

The housing market has experienced another upbeat month thanks to the chancellor’s extension of the stamp duty holiday and the introduction of the 95pc mortgage...

Country house

Has The Country House Price Boom Hit Its Post-Covid Peak?

There are signs that the country house boom has now peaked and buyers are returning to urban life as price growth spikes in city locations....

Brownfield site

Govt To Build 160,000 Affordable Homes On Brownfield Sites

In his Autumn Budget on Wednesday, Chancellor Rishi Sunak gave details of the Government’s investment in brownfield sites in the years to come. The Government...

Nice house

UK Property Sales Hit 16-Year High As House Prices Take Off

House sales in the UK reached a record high in March as buyers and sellers sought to complete property transactions before the end of the...

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