London house prices: Demand for detached homes takes average price to over £1m – Evening Standard

As detached homes in London fall to less than 5% of the capital’s housing stock average prices have risen to more than 1 million pounds. The average price has doubled since 2003 with a 7% increase in the past year alone. Only a small number of detached homes are being built, pushing prices higher. London […]

Number of remortgages in UK up 8% monthly and 45% year on year – Property Wire

Remortgage loans have increased by 45% over the last 12 months according to property services firm LMS, this includes an 8% rise over the last month recorded. However the average value of loan has decreased by 11% over this period from £35,590 to £31,589. The Bank of England has recently lowered interest rates which has […]

Young Londoners head to Margate to escape the capital’s sky-high property prices – Evening Standard

Due to high property costs in London many are leaving the capital for the seaside town of Margate. Londoners account for 66% of people moving to the town. Margate also attracts Londoners due to it’s cultural scence including an art gallery featuring works by Tracy Emin, who was brought up in the town. Young Londoners […]

How Sadiq Khan has been tackling London’s housing crisis so far – The Guardian (blog)

As part of his manifesto, Sadiq Khan pledged to more genuinely affordable housing for Londoners. Whilst it will take a long time to achieve this, he has prepared a strategic plan which includes planning incentives for private developers along with higher affordable housing targets, introducing a living rent, stopping the conversion of affordable housing and […]

17 Tips From a First-Time Homeowner That Will Change the Way You Buy a Home – POPSUGAR

17 vitally important tips that every first-time home buyer should know. Tips are included for every step of the process, from the reasons for buying a house, to how much you can really afford to spend on a home and what to do when you move in. All of the advice is given by someone […]

Buy your first home with your grandparents using this clever new mortgage scheme – Mirror.co.uk

First time buyers may soon be able to get onto the property letter using a new type of mortgage scheme. An example of this new type of mortgage may soon be offered by a mutual, One Family, and has been dubbed the ‘inter-generational mortgage’ which will allow elderly relatives to provide security for the mortgage […]

UK mortgage approvals drop to 19-month low in August – Telegraph.co.uk

Growth in mortgage borrowing slows as sales decline following recent stamp duty changes and concerns following the results of the Brexit referendum. The British Bankers’ association report a 19th month low of house purchases in August 2016. This contrasts with the demand for consumer credit which risen by 6% over the past 12 months. UK […]

Mortgage rates will rise, but it won’t be the catastrophe some predict – Telegraph.co.uk

The cost of mortgages may soon rise due to the falling pound and a fall in the value of guilts. These effect “swap rates” which effect price the capital banks can obtain in the market.Swap rates have risen to 0.58% from an all-time low of 0.38%. However, as a result of these increases, current affordability […]

The buy-to-let borrowers ‘marooned on high rates for life’ – Telegraph.co.uk

New rules from the Bank of England may restrict the ability of buy-to-let investors to remortgage to a better deal. As a result buy-to-let investors may find themselves on a standard variable rate mortgage as their current fixed rate deal ends, with possible rates of higher than 5%. Investors are also about to be hit […]

Brexit latest: First-time home buyers face sharply rising costs as UK housing market show signs of recovery – The Independent

Despite expectations from some experts that UK house prices may decrease, due to the result of the recent Brexit vote, house prices appear to be rising. The average house price rose 0.7% month-on-month, putting a property increasingly out of reach for first time buyers. There may still be a risk of a downturn in the […]