Mortgage approvals have all but recovered following the forced closure of the housing market in spring 2020. Mortgage approvals were only down -0.9% (January to November 2020) compared to the same period in 2019.
Letting a property and becoming a landlord can be an attractive and exciting venture, but there is more to renting out a property than you may realise.
Across England and Wales, almost half (43%) of all private rental sector properties (both houses and flats) fall within Dataloft's definition of suburban areas, 41% urban and 16% rural.
For every residential property resale, an average of £9,559 is added to the UK economy. That is an estimated £6bn added to the UK economy so far this year.
Boris Johnson has attracted both praise and horror in equal measure with a new plan for 95% mortgages to help beleaguered first time buyers to get on the property ladder, but would that expose UK taxpayers to too much risk?
First-time buyer property prices have risen from £142,473 in 2010 to £241,025 today. Despite this, the average age of a first-time buyer has remained at 31 for the last 15 years.
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