Nation’s homeowners sitting on £2.6 trillion in equity
Market analysis by leading mortgage broker, Henry Dannell , has revealed that the level of equity built up in the property market across England currently sits at over £2.6trn and that’s just those homes that are owned outright, with a 17% increase in this level of total homeownership over the last five years.
The latest research by Birmingham estate and lettings agent, Barrows and Forrester , has revealed that while first-time buyers face the biggest financial hurdle to homeownership causing them to borrow more, it’s existing homebuyers that are now more stretched when it comes to their earnings and the amount they are required to borrow.
These are Britain’s most affordable first-time buyer locations
The latest research by Birmingham estate and lettings agent, Barrows and Forrester , reveals where in Great Britain first time homebuyers can find the best value based on the average price paid for a first home compared to the rest of the market.
You might be wondering; when really is the best time to move home?
Summer, in particular July and August , is in fact the height of the UK's moving season, with the majority of home moves happening during this period. With the weather at its best (if Brits are lucky!), the kids out of school, and an ample amount of properties on the market, moving and settling before the colder and...
Research by London estate agent, Benham and Reeves , has revealed how commuting can cut the cost of homeownership, as a slow but steady return to normality puts the London commuter belt back in vogue with homebuyers.
While the pandemic inspired trend of working remotely from bigger homes in the depths of the countryside was nice while it lasted, recent research revealed that 65% of...
First time buyer, Chinedu Okafor (29) had set himself a goal of owning his first home before he turned 30 but was finding it increasingly hard to find the right home to tick all his boxes, until he came across Linden Homes’ Brunel Street Works < https://www.lindenhomes.co.uk/developments/london/brunel-street-works-canning-town > .
With all the incentives homebuyers are currently receiving in regards to getting on the property ladder, national estate agent Keller Williams UK , decided to look at just how much owning a home actually means in the UK and how this compares in importance to other life aspirations.
Keller Williams UK asked homeowners just how important it was to them that they own their own piece of...