George Osborne Cuts Tax Allowance for Landlords
In today’s budget George Osborne has cut the tax relief that landlords have benefited from for many years. Up until now landlords have been able to offset the amount they pay in Interest on their buy to let mortgages against their income tax bill. Meaning that many landlords have had to pay hardly any tax […]
Average House Price at All Time High due to Lack of Supply
The Average UK House Price has hit all time high and has crossed the psychological barrier of £200,000 for the first time. The previous recorded high of £199,600 which was recorded before the recession in 2007 has now been superseded and today the average cost of buying a home now stands at £200,280 and shows […]
House Sellers are Refusing to Lower their Price
New data shows that there is positive sentiment amongst those who are trying to sell their house. Figures show that there are currently far more house buyers than sellers with the amount of homes for sale on the market at the lowest level ever recorded. House Prices are now Remaining Stable It appears that home […]
Increase in Cash House Buyers Has been reported
The number of new house buyer enquiries has increased to the highest amount that we have seen in over a year. At the same time new properties that have been listed in the past year are down around 12%. The increase in new house buyers coupled with less supply coming onto the market has analysts […]
Home Buyers are Facing Stricter Mortgage Checks
There has been a lot of recent news about how the property market has become stagnant since the beginning of the year. Prices haven’t particularly fallen but at the same time we haven’t experienced the same type of growth within the market that we have seen since the recession ended a couple of years ago. […]
Why the Election is Stopping You from Selling your Home Quickly
The UK property market has come to a standstill and many people are blaming the uncertainty of the up and coming election as the reason to why home owners are currently unable to sell their home quickly. The two main parties both have a very different economic stance and many believe that the property market […]
First Time House Buyers are Doing the Best
Recent reports of a slowing property market across the UK are continuing to come out in the press. There is however evidence that first time buyers are helping to support a lull in the market by being able to buy houses far quicker and are creating faster transaction conditions amongst the first time buyer sector. […]
More Evidence of a Slower House Market
The UK is still experiencing a property market slowdown with stagnation in many areas and even some evidence showing that house prices have now fallen in key locations. Even though values have risen since last year it has now been reported that average prices are now lower this month than last. This may just be […]
Easier for First Time Buyers to get a Property
New figures this week show that mortgage lending for first time buyers achieved a 7 year high during 2014. What’s interesting is that historically it has always been tougher for first time buyers to get their first property when compared to those who already own a house but these new figures show that for the first […]
Home Owners Remain Optimistic as Market Slows
The news this week has shown a contrast in opinion between what home owners believe and figures that show the property market is continuing to slow down. Some would say that we need to look at the facts and figures, but what has happened in the past doesn’t necessarily show what will happen in the […]