The Case for Letting Your Home

The tightening of the mortgage market has created opportunities for vendors who are understandably tempted to consider letting as a lucrative alternative to a sale.   Despite the Help to Buy scheme, the dearth of mortgage availability has meant that fewer would-be purchasers are able actually to buy. They are therefore forced to rent if…

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HOUSING AND BREXIT CONCERNS

Whether we are heading to the polls again in a few weeks’ time for the third time in five years remains to be seen, but the political parties should remember that it is more than Brexit on people’s agendas. A recent poll from Ipsos MORI for the Chartered Institute of Housing found as many people…

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BACK TO SCHOOL (UNIFORMS)

£3,485 is the estimated average cost of school uniforms for a child over the course or their school life (Reception to Year 11). The cost is equivalent to 4.31 months’ of a mortgage repayment or 3.31 months’ of average rent, although there are substantial regional variations. Across the North East and Yorkshire and the Humber,…

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TOP TEN MORTGAGE LENDERS

The UK’s top ten mortgage lenders lent a staggering £211.3 billion in 2018, increasing their market share to 78.7%, up from 77.1% in 2017. The top seven lenders retained the ranking they held in 2017, according to data released by UK Finance. The Yorkshire Building Society and Virgin Money swapped places in 2018, with Clydesdale…

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THE MILLION POUND MARKET

There were 14,794 homes sold across England and Wales in the past 12 months priced at £1 million or more. This equates to just 1.7% of all sales, and just under £26 billion in value. As in previous years, the tally of properties selling at or above the £1 million threshold was greatest in London,…

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