Property news

Mortgage approvals on course to hit 780,000 threshold this year

The latest research by award winning mortgage adviser, Alexander Hall , has shown that, so far this year, average monthly mortgage approval levels are at their highest since 2021 and, whilst mortgage market activity may sit some way off historic highs, we're on course to see over 780,000 mortgages approved by the end of the year.

Alexander Hall analysed historic mortgage approvals data from...

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How to keep indoor air fresh during a heatwave

The Met Office has forecasted warmer and higher temperatures over the coming days. Whilst many will be reaching for their fans, air purification experts, Blueair explain why you should also keep your indoor air quality in check in the case of a heatwave. Climate change, with its longer, warmer and particularly drier summers, has a negative effect on the air quality in our homes and offices...

Homebuyers driving demand for new-builds in these cities

The latest New-Build Demand Index by Unlatch , has revealed that Leeds, London and Cardiff have seen the largest quarterly uplifts in homebuyer demand for new homes in Q2.

The index by Unlatch monitors changing demand for new-build homes across 20 major cities across. Demand is calculated by studying the ratio of new homes already sold subject to contract or under offer as a...

Mortgage repayments consuming 28% of earnings

Research by estate agent comparison site, GetAgent.co.uk, has revealed that the proportion of disposable household income required to cover the average mortgage repayment is at by far its highest in a decade, hitting 27.6% so far in 2022.

GetAgent analysed the average annual cost of a mortgage repayment based on a three year fixed mortgage at a 75% loan to value and what this equates...

Government curb on short-term letting set to impact millions

As the cost of living soars, it comes as no surprise that many Brits are exploring side-hustles – and there’s one which is continuing to rise in popularity: short-term letting. However, the government crackdown on short-term rentals – including regular checks and higher fees – is set to impact many across the country.

The new government review of short-term tourist accommodation has...

The impact of a rogue tenant on letting agents

While the bulk of the financial losses are felt by the landlord, research from Credas Technologies, the leading identity verification checks provider, has revealed how letting a rogue tenant slip through the AML net can come at a significant cost for letting agents, ranging from loss of income to legal action and a tattered reputation.

It is estimated that the average rogue tenant...

Households feel the strain as mortgage costs up 21.5%

The latest research by Revolution Brokers has revealed just how much more UK homeowners and buyers can now expect to pay when it comes to the monthly cost of their mortgage repayments, following a fifth consecutive increase in interest rates by the Bank of England a few weeks ago.

Based on the average cost of a UK home,...

Property market value climbs by £2.7trn over the last decade

Research by property developer Stripe Property Group , has revealed that in the last decade, the property market across England and Wales has seen £2.7trn added in value, a 67% increase since 2011.

Stripe Property Group analysed data on the number of households across the nation, hot off the press from the latest census, cross referencing the data with house price data, to find the...

London’s parks commanding property premiums as high as 144%

Research from London lettings and estate agent, Benham and Reeves , reveals that while homebuyers will, on average, have to pay 50% over London’s average house price to live near one of the city’s great parks, there are still some great parkside deals to be found where prices are up to -9.6% below the city average.

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This is how homebuyers are searching in the current market

The latest property industry insight from YourBusinessNumber suggests that while digital continues to dominate the way we purchase properties, homebuyers still find value in some traditional methods.

Technology has transformed the way we buy and sell properties with the advent of the property portal perhaps the biggest change in recent times.

In fact, when surveying over 1,...

New Renters Reform Bill Will Negatively Impact Social Tenants as Waiting List Time Rises

Housing Generation specialists, Forbes Solicitors have predicted an initial strain on social housing, and longer waiting time for those on the oversubscribed waiting list . [VC1]

The Renters Reform Bill is due to receive royal assent, meaning it will be approved by the monarchy and the law will officially be set into place.

On 16th June 2022, the Government released the ‘...

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