FIRST-TIME BUYERS LOSING OUT AS LENDERS DROP HIGH LTV (loan to value) MORTGAGES, ZOOPLA SURVEY SHOWS 

The share of homes purchased by first-time buyers in the UK has fallen for the first time in five years, according to the latest Zoopla House Price Index. The research shows their ability to buy property is starting to be hit by COVID-19, the recession, and reduced availability of higher loan-to-value mortgages. The drop-off in demand correlates directly with when…

RISING SENTIMENT IN HOUSING MARKET COULD BE DAMPENED BY FEARS OVER JOB SECURITY

New data from BSA’s Property Tracker consumer survey has revealed a strong rebound in housing market optimism. However, according to consumer views, longer-term fears about job security may dampen future activity. The survey found that 68% of respondents cited job security as a major worry, topping the list of barriers to homeownership for the second quarter running. This time last…

RENTERS ABANDONING COMMUTER HUBS IN FAVOUR OF THE QUIET LIFE….

Due to the ongoing pandemic, office-based working and rail commutes have become less frequent this year, fuelling a growing trend of people making the move to areas with quieter transport links. Newly released research from Rightmove has found that emerging rental hotspots are further afield from traditional commuter hubs, with more renters looking to move outside the capital. Across the…

THE DIY PROJECTS FOR LANDLORDS THAT CAN ADD OR DETRACT VALUE FROM YOUR PROPERTY

During the Covid-19 pandemic, more than 56% of Brits engaged in DIY projects around the home with online sales of home improvement and gardening retail products growing by almost 50%. A new study by CIA Landlord has found the most popular and most valuable DIY projects you can undertake to improve the value of your home. The study reveals the…

HOME BUYERS SHRUG OFF RECESSION FEARS AS TIME TO SELL FALLS BY TWO WEEKS: ZOOPLA

House prices are set to hold firm for the remainder of the year – despite the onset of recession and rising unemployment, according to the latest Zoopla house price index. Zoopla says demand continues to run ahead of supply, sustaining annual house price growth of 2.5%, and expects market conditions to remain stronger than last year for the rest of…

HOUSING SALES RISE 38% TO RECORD HIGH: RIGHTMOVE

The number of agreed sales is up by 38% on the prior year, and a massive 20% higher than the previous record……! Rightmove’s latest house price index shows that the number of monthly sales agreed this month is the highest ever measured since it started tracking the data ten years ago. The data shows that home movers have put more…