Average house prices are up 30% since the market peak in 2007 as successive lockdowns prompt buyers to search for more space.
The challenges posed by Covid-19 has left few markets with much to celebrate over the past 18 months. Naturally, countries everywhere have seen vast recessions which have halted short-term investment and placed under severe doubt long-term growth plans.
Landlords who own leasehold properties in low and medium-rise apartment blocks affected by the cladding scandal will no longer have to supply an EWS1 form when selling or remortgaging their properties, the government has announced.
New data from Mortgage Advice Bureau (MAB) has found that 89% of mortgage advisers believe first time buyers need more education on purchasing a property and what is needed for a mortgage application. In a recent survey of over 200 mortgage advisers, MAB sought to discover some of the main sticking points advisers come across in first time buyer mortgage applications.
HM Revenue & Customs has warned of what it calls the “negative impacts” of the pandemic on the latest property transactions figures.
2021 has seen the busiest H1 ever, according to data recorded by Rightmove, while average house prices coming to the market have hit a record high for the fourth consecutive month.
There are currently 41 buy-to-let (BTL) mortgages at the record low rate of 1.5% or below, according to data from online buy-to-let mortgage broker, Property Master.
Investors are receiving more income from tenants, as UK rents have increased by 8.5% year-on-year, the Hamptons Monthly Lettings Index for June has revealed.
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