Back to bank of mum and dad for second steppers

Almost one in five ‘second steppers’ are considering going back to the bank of mum and dad to help with their next move. The price differential between a typical first-buyer home and a second property is £43,000 – rising to £93,500 in the South-East. Over half (55%) of second steppers believe that they cannot afford […]

Pick up in house price growth continued in June

UK house prices increased by 0.3% in June and were 1.9% higher than June 2012 according to latest data from Nationwide. The typical UK home is now worth £168,941 whilst the southern regions of England, especially London, continued to record stronger rates of house price growth. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist,[…..]

Home Sales Reach 3-and-a-half-year peak

Home sales have hit a three-and-a-half-year peak, surveyors have reported, confirming the housing market revival. Chartered surveyors polled by industry body Rics handled an average of 17.9 sales during the three months to May, the highest figure reported since January 2010. While still low by historical standards, the latest survey adds to the picture of[…..]

20% of mortgage deposit to be paid for by government scheme

George Osborne revealed in his Budget that he hoped to allow homebuyers with smaller deposits to get onto the housing ladder. This will see the First Buy scheme extended to include all buyers wishing to purchase a new build home. The scheme will also be extended to include all properties valued at less than £600,000.[…..]

How much is a good neighbour worth?

A study from Churchill home insurance reveals that 88% of estate agents think a well maintained home next door will increase the sale value of a property. Estate agents estimate that well maintained and attractive homes surrounding a property have the potential to increase the sale price by as much as 12% – equal to a[…..]

First Time Buyers Aim High

First time buyers are aiming high when it comes to the size of house they want to buy, according to new research from Clydesdale and Yorkshire Banks. Almost a third (29%) of first time buyers surveyed by the Banks are setting their sights on buying a three bedroom house. Some 22% are aiming for a[…..]

Budget Summary

George Osborne presented his third Budget on Wednesday 21 March 2012. The Chancellor started by reaffirming the need for stability in the UK economy and finished in Churchillian style with phrases such as: ‘No people will strive as the British will strive.’ ‘No country will adapt as the British will adapt.’ ‘This country borrowed its[…..]

An explanation of HMO lending

In this post we discuss Houses in Multiple Occupation (HMO). HMOs are set to play an increasingly important role in the private rented sector over the coming years and there are growing levels of tenant demand for this type of affordable property. We will examine what constitutes an HMO, what is driving demand for HMOs[…..]

Another mixed picture for the housing market

UK house prices in the three months to October were 0.3% lower than in the preceding three months, according to the latest Halifax House Price Index. This measure of the underlying trend has turned negative for the first time since June. On a monthly basis, house prices increased by 1.2% in October. This continues the[…..]

Citrus Mortgages supporting Movember

It’s Movember, the month formerly known as November, now dedicated to growing moustaches and raising awareness and funds for men’s health; specifically prostate and testicular cancer. Nick & Gavin at Citrus Mortgages are donating their top lips to the cause for 30 days in an effort to help change the face of men’s health. Why[…..]