A daily roundup of all the key property news and views.New figures from Moneyfacts reveal that the number of mortgage deals available to first-time landlords has reached a record high. The number of buy-to-let products on offer for landlords seeking to buy their first investment property has more than doubled deals in 2014 from 645 to 1,405 in 2019.
A daily roundup of all the key property news.The government is offering discounted mortgage rates to homeowners who make their properties more eco-friendly, as part of a plan to improve the energy efficiency of homes.
A daily roundup of all the key property news and views.New regulations aimed at helping 'mortgage prisoners' – homeowners stuck on expensive mortgages from inactive or unregulated lenders – could be of little help. The Financial Conduct Authority has proposed introducing an exemption to full affordability tests.
In an in interview with the Times, Housing Secretary James Brokenshire reveals that the Government is introducing “codes of practice” or “quality requirements” that housebuilders would need to meet to access the revised Help to Buy scheme, which will begin in 2021.
A daily roundup of all the key property news and views.Demand from prospective house buyers in the UK climbed to its highest level in eight months during May, according to new property industry figures. The number of house hunters registered per estate agent branch across the country rose by 16% from 265 to 307 last month.
A daily roundup of all the key property news and views.The Government must increase spending to build 145,000 affordable homes every year as the only solution to the housing crisis, according to a new report. The National Housing Federation, Shelter, Crisis, the Campaign To Protect Rural England and the Chartered Institute of Housing have joined forces to issue the call.
A daily roundup of all the key property news and views.Labour has been criticised for considering plans to tax people on an increase in the value of their home. A report commissioned by the party says that applying Capital Gains Tax to main residences "would allow us to limit the wealth inequality arising from the housing boom". The report says that "a well-designed tax system would remove [the expectation of profits on resale]
A daily roundup of all the key property news and views. Seven of the top ten most expensive coastal towns are in the southwest of England, including Salcombe, Padstow and Dartmouth, making it the highest-priced region, according to analysis byZoopla for Jackson-Stops.
A daily roundup of all the key property news and views.London continues to drag on UK house prices, according to data by the Office for National Statistics (ONS), with the capital enduring the lowest annual growth out of any region with prices falling 1.2% over the year to April 2019.
A daily roundup of all the key property news and views.Canary Wharf Group is in talks to buy the majority of the Earls Court site from Capital & Counties. The group is eyeing Capco's 63% interest in the 70-acre west London regeneration project,, the value of which has fallen amid the downturn in prime residential property prices in the capital.
The national average price of a newly marketed property has been pushed up by 0.3%, thanks to buoyant property markets in the north according to Rightmove’s latest measure of online asking prices. Despite Brexit uncertainty weighing down house price growth over the past year, the average price of a property coming on to the market was £309,348, close to June 2018's record high of £309,439.
Key workers including nurses, teachers and emergency services personnel can only afford to own a home in 8% of UK towns, a report claims. A Halifax analysis of housing affordability for five public sector professions across 515 towns, including 31 London boroughs, shows just one in 12 of these areas were affordable - down from one in four (24%) in 2014.
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