In this month’s newsletter we outline quite a few hot topics, wages rose their fastest pace for three years, UK Outlook remains positive and The Federation of Master Builders has warned that small housebuilders are being hampered by skills shortages. We hope you enjoy our newsletter!
1.29% Disc. 2yr 60% LTV
1.44% Fixed 2yr 60% LTV
2.85% Fixed 10yr 50% LTV
1.75% Fixed 2yr 75% LTV
3.70% Fixed 5yr 80% LTV
Cash machine network co-ordinator Link has provided figures showing that more than 250 free-to-use ATMs are disappearing a month as operators shut unprofitable ones. There are around 53,000 free machines in the UK – but the number is shrinking at a record rate as people use less cash…
A panel of property industry experts has agreed that the UK outlook remains positive despite Brexit uncertainty. Paresh Raja, chief executive of Market Financial Solutions, said average UK house prices are now rising….
The Federation of Master Builders has warned that small housebuilders are being hampered by skills shortages and Brexit could exacerbate the problem. In its annual survey, the FMB said that 44% of 116 small and medium-sized housebuilders felt that a shortage of skilled…
Cash machine network co-ordinator Link has provided figures showing that more than 250 free-to-use ATMs are disappearing a month as operators shut unprofitable ones. There are around 53,000 free machines in the UK – but the number is shrinking at a record rate as people use less cash…
Property news this week
- First-time buyers make lifestyle compromises for four years to afford a deposit. According to research by the Post Office. Maybe I’m getting old and grumpy, but my reaction to this is “well yes, that’s how it works”.
- There should be incentives for downsizing to free up larger properties. That’s according to RICS, who believe it’ll free up stock further down the chain. I think there’s a fair argument that there’s an allocation problem rather than a general supply problem.
- Solicitors are blaming online agents for holding up transactions. As one commenter sagely notes, you know you’re doing a bad job when a solicitor accuses you of slowing things down.
- Having the only bathroom downstairs reduces property values by 6%. Worth keeping in mind if you’re buying an older property – reconfiguring could help the capital value as well as rentability.
- Homes with additional “Airbnb potential” are increasingly in demand. I’ve said for a long time that renting out rooms in your own home is a brilliant way to do that initial saving to get the snowball building. If you’re too antisocial for all that (I certainly am), maybe the answer is finding a home with a separate annex or outbuilding to shove guests in.
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