Number of shared ownership purchases increased by over 130% in the last six years
Nearly one in five (17%) shared ownership purchases in the last six years have been by first-time buyers
Average age of those purchasing shared ownership properties has fallen by nine years since 2011 (age 44 to 35)
Majority of shared ownership properties purchased in London and the South East, as property prices sore … more
Homeowners remortgaged for an average of £15,000 more in 2016 than they did two years ago, borrowing around £181,000 compared to £166,000 in 2014
57% of remortgage cases in 2016 were capital raising, suggesting homeowners wanted to release equity ‘cheaply’ for home improvements, to consolidate debt or to act as the Bank of Mum and Dad
Homeowners across England … more
“2016 was an unusual year for the housing market. A huge amount of transactions were brought forward into the first quarter as a result of the changes to Stamp Duty Land Tax (SDLT) on second properties. Furthermore, an unexpected result in the EU referendum led many buyers to take a cautious approach.
“Despite this, transaction levels have remained stable in the second half of the year, … more
“2016 has been a year of two halves. A boom in the first half due to the stamp duty land tax changes regarding additional properties, and then a slowing as the EU referendum and American election results were announced, creating a sense of caution across the market.
“With a lack of housing stock continuing to dominate, we expect 2017’s focus will remain with the Government’s … more
My Home Move, the UK’s leading provider of mover conveyancing services, has been named ‘Large Conveyancer of the Year’ at The Sunday Times Estate Agency of the Year Awards 2016.
The ceremony was held at the Hilton London Metropole Hotel on Friday 2nd December 2016, and celebrated the very best from across the estate agency and conveyancing sector.
Speaking of the win, Doug Crawford, CEO … more
First-time buyers avoid temperature extremes when buying a home, preferring to house hunt when it’s not too hot, not too cold but just right!
Temperature highs prompt property sellers to list their homes for sale, with July and August seeing an average of 50+ properties for sale on agents books
British property market unaffected by rain, as home hunters and sellers take downpours in their stride … more
“Housing was the first policy area mentioned by the Chancellor in his Autumn Statement, showing that housing is finally at the top of the Government’s agenda. The new money for housing infrastructure announced today will help, but we need a holistic approach to housing so we need to see the detail of the Housing White paper.
“New funding for housing infrastructure will only be effective … more
Average property deposits across England and Wales increase by c. £5,000 year-on-year
Deposit percentages decreased year-on-year by an average of 1% across all regions, with the exception of Greater London where a rise of 1% (c.£18k) has been recorded
‘Cheapest to most expensive’ deposit regions - North East, North West, Wales, East Midlands, West Midlands, South West, South … more
My Home Move has won the 'New Product / Product Improvement - Making the Most of Technology' Award at the UK Customer Experience Awards 2016 in recognition of its enhanced eWay service.
Held on 23rd September at the Park Plaza Hotel, Westminster Bridge, London, the awards celebrated the very best in customer experience as delivered by UK companies.
Speaking of the win, Doug Crawford said, “The … more
The number of homes bought by ‘single’ purchasers has fallen by c.10,000 a year for the past five years, as property prices rocket
Home buying couples, friends and those purchasing in groups, now account for c.60% of residential transactions a year
Buying collectively enables home buyers to afford properties worth up to £100,000 more than their single counterparts – with London, … more