NEWS


Cash buyers on the rise


February 24, 2014

Analysis by the Intermediary Mortgage Lenders Association (IMLA) has found that the proportion of property purchases funded by mortgages dropped to 62% last year which is the lowest level since 2005 when comparable data was first available. The data comes just days after the governor of the Bank of England, Mark Carney, said it would be impossible to control...


The average British rent is on course to top £1,000 a month this year. Advertised rents across Briton rose 0.77% in January and 1.63% over the year, according to new research from Move with Us, published today. The average rent is now £987 a month, up £7 in January, which puts it on course to pass £1,000 in 2014.


Three out of four buy-to-let brokers expect to do more business this year compared to last, according to a new report. The new research, conducted by Natwest, noted a wave of optimism sweeping the buy-to-let sector – of the 501 intermediaries surveyed, three out of 10 brokers said business had remained stable in the last three months of the...


2014 has seen a noticeable increase in the number of properties selling for above (or at) their original asking price, according to the latest report from the National Association of Estate Agents (NAEA). Figures from the January Housing Market Report show that 32% of properties sold for the original asking price, with 12% being sold for more than their original...


Families and older tenants now form a large and growing proportion of private renters, with the number of tenants over 30 increasing 6% in the past year. Many are unable to get on the housing ladder by their mid-30s and therefore continue to rent in the private sector for longer. The over 30s now account for nearly 60% of...


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