Property news

Average homebuyer set to be £41,000 better off thanks to relaxed lending rules

The latest research from award-winning mortgage adviser, Alexander Hall , has revealed that the average homebuyer in England is set to be over £41,000 better off thanks to recent government reforms and lender policy changes, which are beginning to ease long-standing affordability barriers.

Alexander Hall analysed average income data for homebuyers across each region of England, calculating the...

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Properties surrounding London's park commanding healthy house price premiums

The latest market insight from London's largest lettings and sales estate agent brand*, Foxtons , has revealed that London's much loved parks are attracting house price premiums of 53% compared to the wider market average, with Green Park home to the highest premium of the lot.

Foxtons analysed current market data looking at house prices in each of the postcodes straddling 13 of...

Rates cut to spur mortgage approval uplift historical market trends suggest

CEO of Octane Capital , Jonathan Samuels, says that the Bank of England's decision to reduce interest rates at the start of August is likely to bring about a positive boost to the housing market, as historical data reveals that mortgage approvals climb during the three months that follow a base rate cut.

Octane Capital analysed historic mortgage approval figures stretching back to...

Best schools command hefty house price premium - and the divide could widen as Labour sets sights on private school VAT tax relief

Living near 'outstanding' rated schools commands a house price premium - both compared to lesser rated schools and the surrounding area - that's according to the latest analysis from Yopa, the full-service estate agents.

Yopa analysed current housing market data for almost 18,500 schools up and down England*, looking at the average house price in each schools postcode, how the cost...

7 insider tips to lock in a lower mortgage rate

While many mortgage lenders have reduced their rates following the recent Bank of England base rate reduction, some borrowers may still find themselves without access to these competitive deals for an array of reasons.

It's, therefore, important to explore your options to ensure you secure the best possible mortgage rate .

To help, mortgage comparison website Uswitch has...

Reapit webinar to help agents navigate new EPC targets

With new Energy Performance Certificate (EPC) targets for rental properties on the horizon, the UK's private rented sector is facing a period of substantial change – and a hefty bill. Reapit, the leading technology provider to the UK property industry, is hosting a new webinar to help agents and landlords understand the full implications of the new EPC C target and manage the transition...

'Work with industry on EPC targets for tenants' sake,' says expert

By Steve Richmond, Reapit General Manager, UK&I

With Labour's election victory, a new EPC target has been announced.

In mid-July, the new Secretary of State for Energy Security and Net Zero, Ed Miliband, announced that landlords will need to raise the standard of their accommodation to an EPC standard C by 2030. Understanding the cost implications would be significant,...

Cooling housing market conditions see equity release payouts reduce by £12K since last year

Over-50s property specialists, Regency Living , reveals that people who are taking equity release from their properties are, on average, £12,400 worse off today than they were last year as the recent indications of house price recovery are yet to have a positive impact at the higher end of the property market.

Regency Living has analysed how the average price of homes that are being...

Celebration event marks completion of major homes development on St Mary’s Island

A celebration event has been held to mark the completion of a major housing project that has rejuvenated part of Chatham’s former Royal Dockyard.

Almost 30 years in the making, the St Mary’s Island development has transformed the 150-acre peninsula in the River Medway into a thriving neighbourhood of 1,700 homes with a school, parks and community centre.

Work on the project...

How to Modernise Your Old Home With Energy-Efficient Upgrades

Old houses often have the advantage over new builds in terms of being built more sturdily, with high ceilings and more space both indoors and outdoors. Not to mention they often hold more charm in terms of architecture and design.

But although new builds have a reputation for being more cheaply built and cramped by comparison, they’re often also built with energy efficiency in mind...

Extending a mortgage by 10 years costs the average first-time buyer £87,000

Data from mortgage broker Mojo Mortgages' has revealed that the average mortgage term that a first-time buyer now takes out is 30 years.

However, whilst a longer mortgage term can provide some short-term relief in the form of a lower mortgage payment per month, they come with significantly higher overall interest charges over the life of the loan.

Extending a...

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