New homes: Our pick of the new builds going on sale in London this weekend August 31, 2018 New developments on the market this week Manhattan Plaza, Poplar From £599,995 Hate furniture shopping? Four fully-dressed two bedroom apartments are going on sale this weekend at this development close to Canary Wharf and Blackwall DLR stations. The flats are being used to sell the last two and three bedroom homes, many of which are [...]
The simple changes that could save the Lifetime Isa August 31, 2018 It’s never been harder for young people to get on the property ladder, and yet they’re not being given the tools or information they need. The Lifetime Isa was supposed to help, but ended up leaving a lot of people confused. While some are calling for it to be scrapped altogether, I think the Lifetime [...]
First-time buyers swoop in during summer lull August 30, 2018 First-time buyers jumping onto the property ladder rose to an eight-month high in July, as hopeful homeowners took advantage of the housing market’s traditional summer slump. Roughly 30 per cent of all house sales were made to first-time buyers in July, rising from 23 per cent in the same month last year, according to new [...]
Stamp duty keeps pensioners sitting tight as housebuilding giant calls for tax exemption August 28, 2018 More than a fifth of pensioners would consider moving house if stamp duty was abolished, according to new research which suggests the property tax is hampering housing market activity. In a YouGov poll out today, 22 per cent of adults over 65 said they would be more likely to move if there was a stamp [...]
Relocation, relocation, relocation: Cheaper houses lure record number of Londoners north August 27, 2018 The rate at which Londoners are quitting the capital’s housing market to relocate up north has more than tripled in the last decade, according to research from estate agent Hamptons International. Around 21 per cent of Londoners who left the capital in the first six months of the year moved to the Midlands and north [...]
Don’t be daft, foreign buyers keep housing supply alive August 24, 2018 New Zealand has been facing a familiar crisis to us here in the UK. Rising house prices, declining home ownership, and an influx of interest from foreign buyers. Less familiar, however, is the New Zealand government’s recent decision to ban foreign buyers from purchasing property in the country. It’s a decision that has come amid growing [...]
New homes: All the new developments going on sale this weekend, including Help to Buy and Shared Ownership August 24, 2018 New developments on the market this week The Quarry, Bexley From £167,500 for a 50 per cent share of a £335,000 home Part-buy, part-rent 27 new homes in Erith on the border of London and Kent. Around 600 Shared Ownership and Help to Buy homes have been built on the site of a disused quarry [...]
Mortgage approvals drop as housing activity slump shows little sign of picking up August 24, 2018 Mortgage lending dipped in July, despite an uptick in homeowners seeking cheaper interest rates ahead of the Bank of England rate rise earlier this month. Approvals for mortgages fell 4.3 per cent year-on-year in July, having risen to a nine-month high in June, in a fresh sign that housing activity in the UK's property market [...]
Why are Premier League clubs being paid in Bitcoin for their commercial deals with trading platform eToro? August 23, 2018 If 2018 has been the year of football dipping its toe into the world of cryptocurrency, then this week saw some teams go a little deeper into uncharted waters. On Tuesday, seven Premier League clubs including Tottenham and Crystal Palace announced that they had signed commercial partnerships with investment platform eToro. What made these deals [...]
OneSavings lifts loan growth forecasts but warns of weaker Buy-to-Let mortgage market August 23, 2018 Specialised lender OneSavings Bank raised its expectations for loan growth today, despite pressure on profit margins amid a weaker Buy-to-Let mortgage market. The FTSE 250 firm’s loan book grew 11 per cent to £8.1bn during the first six months of 2018, with full-year targets for net loan book growth upgraded to high-teens percentages from an [...]