Private renters to save hundreds of pounds as letting fees ban comes into action June 1, 2019 The ban on letting fees has come into force throughout England, two-and-a-half years after the plan was initially unveiled. It is set to save private renters hundreds of pounds, with Citizens Advice claiming that around £234m has been paid out since November 2016, when the government committed to crack down on the fees. Read more: Mortgage [...]
Mortgage approvals rebound after delay on Brexit deadline May 31, 2019 Mortgage approvals for house purchases hit a three-month high in April, rebounding after Britain's March deadline for Brexit was postponed. The number of residential mortgages approved in April ticked up to roughly 66,300, nearing a two-year average and bouncing back from a fall in March, according to new data released this morning by the Bank [...]
UK house price growth slows in May amid Brexit uncertainty May 31, 2019 Annual growth of UK house prices remained below one per cent for the sixth consecutive month in May, as political uncertainty continued to weigh on the property market. Prices fell 0.2 per cent month-on month, while annual house price growth slowed to 0.6 per cent, falling from 0.9 per cent in April and below the [...]
Mapped: Where to save money on London house prices along the River Thames May 30, 2019 Whether it’s football clubs, tube lines or tall buildings, London is in no short supply when it comes to divisions between north and south. But the divide across the Thames even stretches as far as house prices, with new research showing a stark difference in some property values between one side of the river bank [...]
Profits slide at Telford amid housing uncertainty and move into rental market May 29, 2019 Telford Homes has posted a double-digit drop in full-year profits before tax, as a move into less lucrative rental projects and a slowdown in the capital’s property market hit the London-based housebuilder. The developer said margins had been hit by its direction away from traditional private house sales and into the build-to-rent market, as it [...]
Travelodge books in 17 more hotels amid expansion drive May 28, 2019 Fresh signs of Travelodge’s bullish expansion plans have emerged this morning after the chain revealed a new £115m investment drive to open a further swathe of hotels this year. The budget hotel group, which earlier this year unveiled a target to build 100 new outlets by 2024, has today upped its ambitions with a plan [...]
UK mortgage approvals hit two-year high following Brexit extension May 28, 2019 The number of mortgage approvals for house purchases in the UK reached a two-year high in April, a survey showed today, suggesting the country’s housing market may be recovering from a recent slowdown. Read more: Mortgage approvals fall as lending to businesses also drops UK banks approved 42,989 mortgages in April, the highest figure since [...]
Taking the higher ground rent: How homeowners can stop themselves falling victim to dubious leasehold contracts May 28, 2019 Finally able to buy your first home, you skip away from the rat race that is the rental system, proudly boasting the much-revered title of “homeowner”. And yet, if you’ve bought a leasehold property, it might not be the picket-fenced dream that you’d bargained for. Millions of UK properties, typically flats, are sold as leasehold. This [...]
The tenant fee ban is good news for landlords May 28, 2019 From 1 June, it will be illegal for tenants in England to be charged letting fees, with deposits capped at six weeks’ rent. Anyone who rents their home will see the benefits in the tenant fee ban, with tenants expected to save an average of £400 per move. More importantly, this policy marks the beginning [...]
Galliford Try shares rise as it rebuffs £950m Bovis offer for housebuilding arm May 28, 2019 Home builder Bovis today revealed that talks for a £950m merger deal with Galliford Try’s housing business have collapsed. Read more: Galliford Try rejects takeover bid from rival Bovis Homes Bovs homes said this morning the two firms are "no longer in discussions" after its revised proposal to snap up Galliford Try’s Linden Homes and Partnerships [...]