Equity release is attracting twice as many new customers in the UK as five years ago and the range of equity release product options has grown 25% year on year as rates continue to fall, the latest analysis shows.
West Midlands authorities have agreed to deliver 215,000 homes by 2031, Chancellor Philip Hammond announced in the Spring Statement today.
The Ernst & Young ITEM Club – a group of economists highly regarded by politicians and some sectors of the property industry – is warning that the housing market will remain “lacklustre” throughout 2018.
Foxtons’ profit fell by 65% in 2017 – a result it attributed to a slowdown in the London property market.
Homeowners are undervaluing their property as a source of income, Retirement Advantage has warned.
Equity release is increasingly being used to pay off other mortgage or loan debts, LV= research shows.
Tenants collectively paid a whopping £51.6bn in rent last year, which is £1.8bn higher than the previous year and more than twice what they paid in 2007, new figures show.
The Bank of England’s Monetary Policy Committee voted unanimously to keep interest rates on hold at 0.5% at their latest meeting but said if the current economy remains on track the speed of further rate rises could accelerate.
Specialist buy to let lender Commercial Trust claims at least two other regions of the UK are now vying with London in terms of applications from investment landlords.
More high rise residential buildings in the UK have been found to have the kind of cladding that has caused concern since the deadly Grenfell tower block disaster.
Foxtons has given details of a sharp fall in both profits and revenue, with sales significantly falling away and even income from lettings dipping slightly.
Annual equity release lending in the UK reached its highest level in 15 years in 2017 after the final quarter of the year recorded unprecedented activity, the latest figures show.
A property that is rundown, full of junk and clutter, with outdated decoration and a worn-out kitchen and bathroom can be transformed for under £5,000.
With the 31 January deadline for the 2016/17 self assessment tax returns rapidly approaching, here are some last minute tips.
Purplebricks’ share of the overall UK housing market will rise to 15% by 2022, a bank is forecasting.
Much needed new homes in London are not being built with a new analysis showing that 46% of those given planning permission in 2017 were not started.
Sky News is reporting that the non-executive chairman of Purplebricks, Paul Pindar, is set to invest a seven figure sum in a domestic boiler installation company which wants to adopt a similar business model to the hybrid agency.
UK rents grew by 0.56% in 2017, led by gains in London commuter hotspots, according to the latest rental price index by Landbay.
Hundreds of thousands of new homes a year are needed in England to keep up with demand but the latest official figures shows that overall planning applications and permissions are down.
Household bills increased by £280 in 2017 with the costs for energy, motor and home insurance rising by 13% over the past year from £2,216 to £2,502.