Across the UK, the current new-build house price currently stands at £296,683. With the average net salary coming in at £2,094 per month, it would require 14 months wages to accumulate a 10% mortgage deposit of £29,468.
The government has set out details of its new Debt Respite Scheme - also known as Breathing Space - which comes into effect in May.
As a result of discussions between the Home Builders Federation and government agency, Homes England, the deadline for the existing Help to Buy scheme will now be extended by a month to the end of March.
Despite strong demand for rental properties across the whole of the UK, increases in property prices in many regions of the country are impacting on their rental yields, according to newly released data from buy-to-let specialist lender, Fleet Mortgages.
Whilst recent changes to the stamp duty threshold has led to a growing number of people looking to make the most of the tax break and make a property purchase, there are a number of points to consider before applying for a mortgage.
Despite the property market (and virtually everything else) remaining under the cloud of the pandemic, Brexit and its implications for the UK remain crucially important.
Sick of your house yet? As we plod on through our third national lockdown and face the possibility of even stricter rules surrounding outdoor exercise, it will come as little surprise that most of us are desperate for a change of scenery.
Despite a shaky start to the year, the reopening of the property market following high levels of pent-up demand and the stamp duty holiday saw the market rebound into the record books.
Auctioneer, Auction House UK, has reported that it saw its best-ever annual success rate of 79.2% during 2020 - successfully selling four out of every five properties it offered.
LondonMetric Property has snapped up a logistics warehouse in Manchester as part of a £39m double deal.
With the housing market still in full swing, the suspension of stamp duty has led to many people selling their houses quickly and often for over the asking price. In fact, recent data shows that between November and December, asking prices were up 6.6% compared to 2019.
Despite the housing market currently remaining open for business during the latest national lockdown, fresh warnings have been issued by The Ministry of Housing, Communities and Local Government stating that nothing is off the table.
Flat owners who have struggled to sell their homes because of fire safety risks, despite not having any cladding on their building, could soon be able to find buyers after surveyors proposed changes to how the properties are valued.
Harworth Group has sold its 283-acre Bilsthorpe Business Park in Nottinghamshire in a combined deal worth £4.6m.
Facing mounting pressure of a rent debt crisis fuelled by the pandemic and following a recent shift in policy in Scotland, a six-week extension to the eviction ban has just been announced by the government.
Much the same as the rest of the property market, the high-end sector in the capital is being reshaped by Covid as buyer demand shifts towards bigger homes and more outdoor space.
Newly released research by national estate agency, Keller Williams UK, takes a look at which postcode pockets of the property market are currently home to the most affordable homes where the average house price is concerned.
Over two years on, the shockwaves of the Grenfell Tower disaster are being felt throughout the residential property industry, as legal expert, Tim Middleton explains.
Newly released research from the National Residential Landlords Association has revealed that over half of private landlords have lost rental income as a result of the COVID-19 pandemic with a third also indicating that they were now more likely to either leave the market entirely or sell some of their properties.
UK mortgage approvals have risen to the highest level in 13 years, driven by the government’s stamp duty holiday and buyers reassessing their living situation during the coronavirus pandemic.
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