Before the Westminster and Holyrood elections take place, an independent body is being set up to review the housing policy. The Housing and Wellbeing Commission that is being set up with support from Charity Shelter Scotland will have the former Auditor General of Scotland, Robert Black chairing it. The commission will have eight members from […]
Category: House Prices
York house prices out of the reach of the vast majority
The latest report on the matter of the housing crisis in this country reveals the fact that single people or young families who live in and around York have suffered greatly due to being unable to access affordable housing. Shelter, the national homeless charity, said that over 90% of the houses were out of reach […]
August sees a 5 year high for mortgage approvals
August 2013 saw a five-year high of mortgage approval rates in Britain. Additionally, this was given a boost from the government with the scheduled introduction of a new government scheme next month. David Cameron, the Prime Minister announced the fast tracking of the launch date of the government supported mortgage guarantee scheme. This has attracted […]
House prices for first time buyers set to soar by 2020
A new report claims that first time buyer house prices are likely to increase by almost 50% by the time 2020 rolls around. The failure to build new homes in Britain and the housing crisis combined have been enough to make 2020 look pretty bleak for home owners that are looking to buy their first […]
Mortgage rates expected to plummet this summer
Over the next few months mortgage rates are predicted to drop well under 1.5% because new lenders are expected to quickly enter the market. This new completion will help to drop mortgage rates making them more affordable for plenty of homeowners that are looking for ways to cut their household budgets. In fact, if the […]
Bumper year ahead for buy to let investors
Letting agents, landlords, and those with the sense to invest take advantage of buy to let mortgage rates while they were low are likely rejoicing right now as it looks as if 2013 will be another bumper year with mortgage rates staying somewhat low and tenant demand continuing to increase. The economic uncertainty, credit restrictions, and additional […]
OFT investigate fast house sales
With the continuing slump in the UK housing market, it’s fairly rare for a home to sell quickly at full asking price unless the seller has very pragmatic expectations. Due to economic hard times, the situation often arises where a home owner is forced to sell in a hurry, and many have turned to the […]
Rightmove says good house sale news is on the way
House sellers are attempting to get the highest prices they can during the month of April as they have already made plans for higher asking prices. Rightmove, the property website, explained that this is a clear sign that the market is slowly starting to recover. The large gap between the amount that sellers are asking […]
Mixed fortunes in the property market at the end of the first quarter
Following the first quarter of the year, 7 regions in the UK have announced that their house prices have increased and it will stay that way for the entire year. Northern Ireland is regarded as the best region in the UK as it reported an increase of 4.4% in their prices but Scotland endured a […]
Mortgage rates fall to less than 4% for first time buyers
Potential home buyers and first time home buyers are getting some help on the market as now is the best time to buy a home for a first time buyer. For the first time since the credit crunch back in 2007 mortgage rates have dropped under 4% for first time home buyers. With the New […]