Getting on the property ladder ranked above starting a family in list of priorities

Data from a new study has found that buying a house and travelling are now the top priorities of British couples – as more put off starting a family to save for a deposit. The survey of 1,003 British adults, carried out by Furniture123.co.uk, found that 67% believed that getting onto the property ladder was their main priority for adult life and that they wanted a place to call their own before planning to start a family. 63% or respondents said they wanted…

Opportunities in the student rental market

As the UK’s student population continues to grow, so too are opportunities for investors A quick look into the numbers and it’s clear to see why there’s so much interest; student housing offers a much greater return on average compared to traditional rental models. 2015 saw over £4 billion of investment into the UK student rental market from both UK and overseas investors, with plenty more growth expected in the near term. During the economic downturn at the end of 2010, the student…

Rise recorded in commercial building squatters

New research from Live-in Guardians has shown that squatting in commercial buildings in cities across the UK is on the rise. According to the findings, police and local authorities are failing to record figures and don’t appear to have a handle on the scale of the problem. Since anti-squatting laws made it a criminal offence for squatters to occupy residential buildings, empty commercial buildings have become more of a target for squatters, costing owners thousands of pounds in damage and legal fees. …

Almost two thirds expect to sell valuable items to help buy their first home

A new survey from The Nottingham Building Society has found that 63% of potential first-time-buyers plan to sell one or more valuable items such as jewellery to help scrape together their deposit – 14% expect to raise more than half of the funds they need this way. The survey found that 62% are relying on an inheritance pay-out, with 21% expecting a fifth or more of the funds they need to come from this source. The society also revealed that The Bank of…

Opportunity knocks for FTBs in London

The latest data released by UK Finance has shown that opportunistic first-time-buyers in the capital are taking advantage of the space in the market left by fed up landlords who are selling up. According to the report, there were 11,700 new first-time buyer mortgages completed in London during Q3, a rise of 2.6% against Q3 last year. Remortgaging also remains high in the capital, rising by 3.4% when compared to last year. Elsewhere in the UK first-time buyers saw a tougher quarter,…

Deposit disputes remain below 1% for eighth year running

New figures released by Tenancy Deposit Scheme have revealed that of the 3.7 million tenancy deposits currently held, only 31,865 ended in disputes in the year to March 2018 – equating to 0.85% and the eighth consecutive year that this figure has remained below 1%. Published every year, TDS’s Statistical Briefings pull together information from a variety of sources including Freedom of Information (FOI) data and statistics gathered by the not-for-profit organisation. According to the report, cleaning is the most common contributing factor…

SVR interest hits mortgage borrowers for £15.4bn each year

New research from Private Finance has revealed that mortgage borrowers who fail to shop around for the best deal and remain on their lenders’ standard variable rate and being hit with an an eye-watering £15.4bn of annual interest. Data from the Financial Conduct Authority found 2.04 million UK mortgage borrowers with authorised lenders have been on an SVR for six months or more, equating to 25% of all mortgage borrowers. With a typical loan of £173,6772 and an average interest rate of 4.39%3,…

Rise in the number of millennials turning to property crowdfunding

New research from Shojin Property Partners, has found that as millennials find it increasingly harder to get their first foot on to the property ladder, many are turning to property crowdfunding. According to the analysis, 23% of its investor network are under the age of 32 years old, with the youngest investor being just 18 years old. Over the last 12 months, the average crowdfunding investment made by millennials was £21,721, this is 32% higher than those aged 33-47 (£16,084). The largest investor contingent…