A report from the Scottish Parliament’s Local Government and Communities Committee has called for homebuyers, and new build homebuyers in particular, to be given greater support when building defects are detected or homes are found to be of a poor build quality. The Committee has set out in the report a number of improvements that…
New research by Santander Mortgages has revealed that families are prepared to spend an extra 12% for their chosen school catchment address, which amounts to an additional £26,800 on top of the average UK property price. The research also found that 24% of parents with school age children have either bought or rented a new…
Home owners looking to move up the property ladder face a number of different obstacles, and many believe it is harder to progress up the ladder than to get on it in the first place. This is the finding of new research by Lloyds Bank, which also revealed that more than half (52%) of those…
Newly released data from trade body UK Finance has revealed a rise in mortgage lending during the month of June. The figures show that in June, on a non-seasonally adjusted basis: First-time buyers borrowed £5.9bn, up 26% on the previous month and 9% on June 2016. This equated to 36,000 loans, up 22% month-on-month and…
New analysis has revealed which areas of Britain outside of London are home to the highest concentration of new build properties as a share of all property sales. According to the analysis, by Zoopla, Milton Keynes tops the list, with new homes accounting for over a third (33.2%) of property sales. Crewe is in second…
New research from Barclays has given an interesting insight into predicted investment hotspots in the residential property market by revealing the areas across the UK where house prices and rental incomes are expected to rise. According to the research, and despite an uncertain economic and political climate, the UK property market remains buoyant, with prices…
In news that might make alarming reading for some, research has predicted that rising property prices may lead to an increase in the number of adults aged 25-34 living with their parents. The analysis, which was conducted by Aviva Insurance, found that the number of adults in this age group living with parents has risen…
New research has revealed that consumer expectations about house prices have bounced back to pre-EU Referendum levels. According to data from the Building Societies Association Property Tracker survey, almost half of consumers (49%) expect house prices to rise over the next 12 months, compared to just 10% who expect them to fall. However, as a…
Having a joint mortgage is a bigger commitment than marriage, according to 40% of British adults. New research by Zoopla also revealed that couples are together for an average of three years, three months and 12 days before they commit to buying a property together. The research found evidence of gender differences when it comes…
There could be a retirement housing gap of 160,000 houses by 2030 if more isn’t done to focus on last time buyers, according to new research by the International Longevity Centre – UK (ILC-UK). The think tank has called on the Government to ensure thousands of new retirement properties are built as a matter of…
