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 help many persons with an interest in property gain an accurate view of what is happening in the UK property market as a whole.
To read the monthly fact file, click here.
Category: Property Market Section
Rise in government schemes helping first time buyers get on the property ladder
Recently soaring house prices have made it increasingly difficult for first time buyers to buy a property of their own, but the Government is taking action – here’s how…
To read the whole article, click here.
Buy-to-let tycoons reach £250 million deal with Arab investors for their 900+ property empire
Britain’s biggest buy-to-let tycoons, who over 30 years acquired a portfolio of over 1,000 properties, have struck a deal with wealthy Arab investors to sell 900 of them for £250 million.
To read the whole article, click here.
In case you missed it – Britain’s most energy-efficient home?
Architect Colin Usher has won the 2015 Buildings and Energy Efficiency Awards for designing a house that costs just £15 a year to run…
To read the whole article, click here.
The Property Market Monthly Fact File – December 2015
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.
Mortgage Market Update
Various sources are claiming that now is as good a time to buy a property as there has ever been, with interest rates low and the property market surging forward. We have compiled stats from various sources around the country to give you a complete view of the mortgage market, in case you are looking to invest…
To read the whole article, click here.
The Property Market Monthly Fact File – November 2015
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.
Age limits on mortgages to be reviewed by building societies
Older home buyers may soon find it easier to take out a mortgage, after building societies announced that they would review maximum age limits for borrowers…
To read the whole article, click here.
Mortgage Market Update
Various sources are claiming that now is as good a time to buy a property as there has ever been, with interest rates low and the property market surging forward. We have compiled stats from various sources around the country to give you a complete view of the mortgage market, in case you are looking to invest…
Higher earning tenants set to pay fairer rent under consultation proposals
Higher earning tenants that live in social housing, will find themselves paying a ‘fairer’ rent due to consultation proposals published by Housing Minister Brandon Lewis.
Currently, higher income social tenants benefit from tax payer-funded subsidies of up to £3,500 per year, but the new ‘pay to stay’ proposal will see households with a total annual income of over £40,000 in London, and £30,000 elsewhere, pay a rent at market or near market levels.
Under the proposal, social rents would increase as the tenant’s income increases above the threshold meaning that those in real need of the help continue to pay a subsidised rent, whilst those currently taking advantage of the subsidies are no longer able to.
Housing Minister, Brandon Lewis, explains:
“It’s not fair that other hard-working people are subsidising the lifestyles of higher-earners to the tune of £3,500 per year, when the money could be used to build more affordable homes.
’Pay to stay’ will ensure that those tenants on higher incomes who are living in social housing have a rent that reflects their ability to pay, while those who genuinely need support continue to receive it.â€
The money saved from the removal of the subsidy will enable councils to contribute towards the government’s £12 billion of welfare savings. Housing associations will also be able to retain the additional income and use it to support their role in providing new housing.
The scheme, which is intended to come into effect as of April 2017, proposes that local authorities will be able to recover any reasonable administrative costs before they are required to return the additional income from increased rents to The Exchequer. Alternatively, as housing associations are expected to retain income they receive from higher rent payments, the policy sets out that they are expected to absorb the administrative costs.
At present more than 40,000 social rented tenants have a total annual income of over £50,000 and will therefore be affected by the new policy. A further 300,000 social tenants have incomes over £30,000.
BT 10.10.15