Property news

Which bridging loan do you need? An expert's view for property investors

With the Labour government set to overhaul planning regulations in order to pave the way for delivery on its ambitious housing targets, property development is expected to accelerate over the coming months and years. With this, developer demand for flexible short-term property finance is going to increase. As such, Excellion Capital , the boutique debt advisory and investment firm, has released a...

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Research shows a backlog in current property market conditions

You could fly to the moon 17 times in the time its taking to complete on property sales

Research by home buying platform, Yes Homebuyers , shows that in the time it’s taking for home buyers and sellers to complete on a sale in current market conditions, they could complete a world cruise, fly to the moon and back 17 times, or conquer Mount Everest.

In regular market conditions, it takes an average of 11 weeks between the point an offer is accepted on a property and the...

Half of Brits are making home improvements this year

43% Brits set to upgrade Garden following home improvement

2021 is set to be a year of transformations for British homes, with more than half of Brits (59%) claiming they will be making home improvements, with the average spend at £6,531 per household. Decorating is revealed as the top home improvement (69%), with grey being named as 2021’s colour of choice, followed by cream and blue, according to new research by Attic Self Storage .

The...

Act now if buying a property before the stamp duty holiday runs out

Mortgage advisor warns of risks and opportunities during COVID

A mortgage advisor is urging people who want to buy a property to act now – before the stamp duty holiday runs out.

Matt Colley, of Moving Experience in Bristol, has seen a surge in people looking to move due to lockdown and a temporary cut to the stamp duty land tax.

But the holiday ends in March and, with the average house purchase taking up to 12 weeks, he is advising...

Top eight most common snags with new homes

The most common new build snagging issues that haunt homebuyers

The snag solving expert, HouseScan, has revealed which are the top eight most common snags found when it comes to new build homes in the UK.

With HouseScan , consumers book an appointment and a qualified home-inspector will attend the home and provide a comprehensive report that covers everything from decorating defects to ill-fitted doors and windows, to electrical, heating and...

High-end homebuyers from Qatar are currently in the strongest position

Middle Eastern homebuyers have the strongest borrowing platform

The world's leading high-net-worth mortgage broker, Enness Global , has revealed which high-end foreign buyers currently have the strongest property purchasing pedigree when it comes to the mortgage to earnings ratio of the top one per cent of earners.

Enness analysed 27 nations based on the current income threshold of the top 1% of earners and what this equates to in terms of the...

The Love Where You Live Guide reveals the best places to buy in the UK

Top 10 places to live in the UK

In the wake of new lockdown restrictions across the country, estate agency Yopa has launched its Love Where You Live Guide, revealing the best places to buy in the UK when taking into account new key considerations for property buyers.

Whilst house prices, quality of local schools and low crime levels will likely always remain high on buyers’ lists of priorities, Yopa has determined...

More sentimental value is placed on our homes this year compared to last year

Half of adults feel their home has increased in sentimental value this year

Half of adults (49%) in England place more sentimental value on their homes this year compared to last year, but many people do not know that they may need to take action to protect their household memories from a flood.

According to new research commissioned for the Environment Agency’s Flood Action Campaign, homes have taken on a multitude of new purposes over the past year – from...

The number who had never used a broker rose (49 per cent) of over 55s

39% of mortgage holders have never used a mortgage broker

Despite the fact a good mortgage broker is likely to be able to find homeowners a much better product than they could secure themselves, well over a third of mortgage holders (39 per cent) have never used one. A survey of almost 2,000 mortgage holders conducted by mortgage broker Boon Brokers discovered that the number who had never used a broker rose to half (49 per cent) of over 55s. This...

Half of first time buyers take over five years to save enough for a deposit

£5 billion’s worth of savings burning a hole in first-time buyers’ pockets

The fact that first time buyers are finding it hard to navigate the property market at the moment is not ‘new news’, however the amount of money that’s held up most certainly is. It's estimated that their difficulty to enter the market is putting £5billion1 worth of property deposits in limbo, which is not only considerably slowing the market but potentially stalling its recovery as well....

Virtual house viewings still happening in October

Large number of property viewings were conducted virtually during October

A large number of property viewings were still conducted virtually last month, even though estate agents have been able to resume in-person viewings since the mid-May, according to data collected by estate agency Andrews Property Group ,

Buyer appetite is also proving to be Covid-19 and lockdown proof, driven by the stamp duty holiday carrot being dangled in front of buyers. Viewing...

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