A high number of home buyers across the UK are not being asked to provide identification when purchasing a property, let alone having their ID properly verified, new research shows. The survey of UK home buyers asked when purchasing their last property, did the selling agent ask for proof of identity, such as, but not […]
A quarter of home buyers were not asked to prove their identity Read More »
The housing market remains strong however price growth begins to lose momentum as demand for homes starts to slow. Demand for new homes remains above average right now, but is set to weaken as even more households feel the cost of living squeeze in the autumn months First-time buyers are currently the biggest group driving
Economic uncertainty impacts demand and house price growth Read More »
Ofgem has increased the energy price cap for the second time this year, with further hikes expected in January. The average cost of heating and lighting a home has soared past £3,500 a year following an 80% hike in the energy price cap The move will impact an estimated 24 million households from 1 October
Most homes are now paying over £3,500 a year on energy bills Read More »
If you’re currently renting or looking to rent this year, we have detailed some information for you below in addition to the rental reform that was recently announced by the government, which your landlord could also benefit from knowing. The government has issued new guidance to help stop the spread of Covid-19 in rented homes,
Rental Observations & Changes for Renters in 2022 Read More »
From July this year the government put into effect some changes to help combat the increasing charges for leasehold homes, these changes take effect on renewal or any new purchases. The government is banning expensive ground rents on leasehold properties for new buyers in England and Wales From 30 June, landlords will no longer be
Ground rent to be removed from lease renewals and purchases. Read More »
Over the next 6-24 months we are expecting some changes to the rental market to help combat rouge landlords. Some of these changes include; restriction on multiple rent increases each year to just once, ensuring that landlords do not leave homes in a poor state of repair, giving tenants more flexibility on pets. In summary:
Rental Reform: Tenants will be granted more control Read More »
What is help to build? Help to Build is a new government equity loan that will be available to people in England who want to custom build or self build their own home. Who is help to build for? Custom build and self build homes are not just for people who have owned or built
Help to Build; the Government can assist with your dream home. Read More »
Looking to make some changes to your home? There’s some improvements you do not need to apply to the council for permission. Key takeaways Extensions can be done using permitted development rights, but most will still require building regulations approval As garage conversions are all about making use of the space you already have,
How to improve your home, without planning permission Read More »
This is not a simple question to answer, however what we can anticipate based on historical events and the latest government regulations that are being put in place, that buyers will likely have lower mortgage offers from lenders and therefore smaller budgets when putting offers on homes. The problem; Interest rates rise to a
Is The Housing Market About To Crash? Read More »
The latest move by the Bank of England to relax mortgage affordability rules should make it easier for first-time buyers to take out a mortgage. Key takeaways The Bank of England has announced plans to relax mortgage lending rules from August 1 Borrowers currently have to show they can afford repayments on their lender’s higher
Mortgage lenders to do more to help borrowers Read More »
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