Help to buy: latest statistics

A useful infographic from the HM Treasury regarding the Help to Buy Scheme
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Arrears and repossessions continue to fall, says CML

Latest figures from the Council of Mortgage Lenders show a fall in the first quarter of this year in the number and the proportion of mortgages in arrears or ending in repossession. A decline was experienced in all arrears bands, and across both owner-occupier and buy-to-let lending.
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The Most Desirable Business Property Locations in London Today

As a global powerhouse for business there are constantly fantastic opportunities to invest in London property. As the market is forever changing and trends come and go, the best times to invest in certain areas can soon pass by. An office in London’s central business district in the City will forever be the goal for most companies aiming for the top. Purchasing or renting property in this area requires a massive initial cost though, and there are other just as desirable London areas for business property. Shoreditch The hip end of London, Shoreditch has seen a boom in an eclectic mix of businesses. From environmental, independent start-ups to serious tech companies, a lot of the area’s success is down to the latter. Known as Tech City or Silicon Roundabout, the area stretches from around Old Street as far out as Stratford. The centre-point is in Shoreditch and has seen investment...
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The average price of UK properties reaches all time high

Nationwide have released a report that has backed up what many experts have predicted - that the housing market in the UK is still strong and house prices are continuing to rise at a significant rate. The report shows that the average price of a house in the UK is now £193,048 which has seen an increase of 5.2% over a period of 12 months with there also being a 1% increase from March. In the UK, this is the highest average figure seen and it has led to some expressing concerns about the political outlook but there is still high demand for residential and investment property in the UK. The ongoing election campaign, which many believe had a negative effect on the housing market, is not a true reflection on the actual strength of the UK economy. Recent GDP figures have been rather disappointing but the UK does in...
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May property trends infographic

Rightmove’s May House Price Index reported a pre-election drop of 0.1% (-£242) on price of property coming to market, the first fall in May since the last general election in 2010 and a big contrast with May 2014’s +2.1% increase.  
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David Camerons Immigration Speech

David Camerons speech on immigration last week announced some surprising and unwelcome news about extending the mandatory licensing regime. Funnily enough this wasnt in the Conservatives manifesto during the election.
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House Prices increase by 2.2%

Key facts • House prices in the latest three months (February-April) were 2.2% higher than in the preceding three months (November 2014-January 2015). The quarterly rate of change decreased for the first time this year following three consecutive rises and compares with 2.6% last month. • Prices in the three months to April were 8.5% higher than in the same three months a year earlier. This was slightly higher than March’s 8.1%. • House prices increased by 1.6% between March and April but kept the annual rate within the narrow range of 8-9% where it has been throughout the past seven months with the exception of December (7.8%). The annual rate remains below the recent peak of 10.2% in July 2014. Commenting, Martin Ellis, housing economist, said: "House prices in the three months to April were 2.2% higher than in the preceding three months. This measure of the underlying rate of...
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Landlord Action raises £18,000 for charity at "Rumble with the Agents" boxing event

On Thursday 21st May 2015, Landlord Action hosted a first for the property industry - a white collar charity boxing event. It was a sell-out success with nearly 300 estate agents, landlords and developers attending to help beat the fundraising target and collect more than £18,000 for Rainbow Trust Children’s Charity. Whilst guests enjoyed a three course dinner, the twelve boxers from Savills, Life Residential, The Heron Group, Panther Securities, Winkworth, Infiniti Properties, Fraser and Co and of course Landlord Action’s very own Paul Shamplina, kept the crowds on the edge of their seats (some out of them and standing on them), demonstrating all the time and effort they have put into training over the last four months. Special guest John Conteh, a British former boxer who was world light-heavyweight boxing champion, ran a live auction with everyone ‘digging deep’ for some incredible memorabilia.  Items included signed football boots, boxing...
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Should UK House Buyers Take Advantage of Historically Low Interest Rates, Or Wait?

Whether you are thinking about buying your first home in the UK or you are planning to expand or downsize, it is to your advantage that you take a closer look at the current market conditions. Interest rates on home mortgages in the UK are at historically low levels and normally you may be wondering how long the interest rates will stay this low or if they will go even lower in the near future.
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Deflation is coming to the UK

The UK is getting very close to outright deflation, alongside much of Europe. With the oil price still hitting fresh lows on a daily basis and the supermarkets engaged in a vicious price war, it is likely to keep falling for several months yet. Whether it actually dips below zero remains to be seen.
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