Mortgage Lenders are now being accused of discrimination as mortgage application is rejected because 48 year old’s husband is too old

Victoria Wallace and her husband of 17 years, Sean, have unfortunately been denied the ability to jointly own their marital home after they had a mortgage application rejected on the basis that Sean was deemed “too old”.…
To read the whole article, click here.

 

In case you missed it…..

Romanian man has his entire house stolen and replaced with a field of crops

Hexham, Northumeberland - rural viewIf you’re in the market for a holiday home it may be wise to avoid purchasing on the Danube Delta in Romania, after one unlucky owner returned to his, only to find it had been stolen and replaced with a field of ready-to-harvest crops…
To read the whole article, click here.

London property being out performed by beach huts

A 13ft by 13ft beach hut that contains no bedroom as well as no electricity has been put on the market for a record price of £225,000, indicating that the sale of beach huts may well be outperforming properties even in the most sought after boroughs of London…
To read the whole article, click here.

Does commuting save you money?

With the average house price in London’s Zone 1 and 2 currently at over £640k, it can make sense to live a little further away and have a cheaper property. Of course, the rail fare will cost you quite a bit, and there’s the travelling time to take into account, but will that add to your quality of life or detract from it?…
To read the whole article, click here.

Statistics reveal that prospective purchasers can pay more than £10,000 per square metre of property in certain areas of the country

Recent figures released by the Halifax show have indicated that purchasers of houses in Chelsea, London could find themselves paying more than £10,000 per square metre as the average price for the area is revealed to be a staggering £10,854.
To read the whole article, click here.

Paying your mortgage off early – the pros, cons and pitfalls

Paying your mortgage off earlier than expected could be one of the biggest investments you ever make. You can be rid of your biggest debt fast, free yourself from ties to the mercy of the varying property market and put all the money you are no longer paying out to better use. With inflation and the base rate both low, we reveal why you should be thinking about overpaying on your mortgage obligations…
To read the whole article, click here.

New proposals made by the Bank of England aim to prevent housing boom

Proposals made by the Bank of England, including a cap of 15% on the number of mortgages that lenders can give to people who want more than 4.5 times their salary, are being recommended to prevent another housing crisis…

To read the whole article, click here.

The Property Market Monthly Fact File – July 2014

The property market fact file is a collection of data compiled each month by our Chartered Surveyors and the propertysurveying.co.uk team; collating survey data, statistics, trends and information from the property market. This aims to provide a single place where anyone with an interest in UK property can find the information they need.

To read the monthly fact file, click here.

A Tale of Two Countries

There has been much publicity over the last month regarding the state of the booming Luton Bedfordshirehousing market. When closely analysed, however, the housing market itself has seen remarkable internal differences; with mild to modest increases in the vast majority of the country and the affluent South East surging ahead. The differences are sufficiently pronounced almost to suggest a tale of two different countries, rather than different areas within the same economy. What then can be done to rebalance this differential and bring the two halves of a broken country back into a single whole?

To read the whole article, click here.

Whole idyllic village in South Devon put up for sale for £11.5m

After a year of speculation, the idyllic village of Bantham, South Devon has been put on the market for offers in excess of £11.5 million, causing many residents to fear for its future. With a price tag that high, it seems unlikely that too many British buyers will be interested…

Kingsbridge, Devon
Kingsbridge, Devon.

To read the whole article, click here.