Is it time to relax the rules surrounding pets in rented properties?

According to new research, there are a growing number of tenants in the private rented sector who are unable to own pets, or find a suitable property which will allow pets. Intus Lettings surveyed over 2,000 renters and asked them what the most important features tenants typically look for in a rental property are. According to the data, the most common responses were having outdoor space (46%), followed by a car parking space (42%). However a large group of responders cited that a…

Majority of Londoners have buyers remorse due to high leasehold charges

A new survey of leaseholders in the capital has shed light on their feelings towards their tenure and found that as many as 57% experienced an unexpected service charge increase. The research uncovered some stark findings, revealing that many leaseholders are disillusioned with the lack of transparency on fees and service from managing agents and are therefore particularly keen to understand more about Right to Manage. Leasehold properties in London are on the rise, with 98% of all new build properties sold in…

Most UK cities reporting slowdown in house price growth

The latest data and analysis on city housing from Zoopla has revealed that average house prices are 2.9% higher than in January 2018 despite a slowdown in the annual rate of growth as a mix of affordability pressures and uncertainty. According to the report, the sharpest slowdown in growth over the last 12 months has been registered in Edinburgh, Bournemouth, and Portsmouth Asking price discounts vs time to sell Despite slower growth, the latest index report sets out new analysis for the…

Tenants Contents Insurance launched at Paymentshield

Paymentshield have announced the latest addition to their offering for the lettings market. Underwritten by a panel of insurers, Tenants Contents Insurance, has been designed specifically with tenants in mind, with cover that includes valuables, alternative accommodation, tenant’s home improvements, visitor belongings, contents taken away from the home and Tenants Liability as standard. James Loder, Proposition Director at Paymentshield, says: “At Paymentshield, we have unrivalled experience in developing products and technology that deliver a market leading insurance proposition. By taking our expertise to…

Property passion ignites at Allsop’s Valentine’s Day auction

Property lovers were out in force during the first residential sale of the year for auctioneers, Allsop. The £54m raised from 200 lots recorded a strong success rate of 74% on Valentine’s Day at the new location of the InterContinental Park Lane Hotel, with more than £10.5m was generated from high value investments sold at £1m and above. The highest price achieved under the hammer included lot 26 at £1.9m. An attractive terrace building in sought-after Chiswick, west London, this development opportunity came…

Mortgage repayments more affordable than 10 years ago

New research and analysis from Private Finance has shown that once buyers have made the upfront purchase for their home, the ongoing cost of ownership is broadly in line with levels seen in 1998. The independent mortgage broker revealed that in 2008, the average borrower could expect their mortgage to account for two fifths (43%) of their monthly income (if purchasing alone), compared to 31% of monthly income in 2018. In terms of actual payments, the average borrower is now saving £104 a…

How to step onto the London property ladder in less than five years

ideal flatmate takes a look at an alternative way to save that all important mortgage deposit while renting in the capital without compromising your rental locations, social life or calorie intake. The firm analysed how much the average tenant could save in each borough by opting for a single room instead of renting a one-bedroom apartment of their own, based on the average cost of each across the capital. ideal flatmate then looked at the required mortgage deposit at 10% of the average…

What are the top 5 benefits of downsizing in retirement?

For many retired people on limited incomes, the recently raised utility bill price caps could have a major impact on monthly budgets especially during the cold winter months. Gillian Girling, Chief Executive of Girlings Retirement Rentals, suggests that one of the many benefits of downsizing and renting in a specialist retirement development in later life is lower energy bills, giving people more to spend on enjoying their retirement. Gillian says: “Many over 55s are recognising the benefits of downsizing and renting once they…

Majority of Brits expect house prices to increase in the next 3 years

New research from home moving company, AnyVan.com, has found that confidence of a price rise in UK property remains strong despite the current political and economic climate. With departure from the EU getting closer by the day and the uncertainty surrounding what will happen after, the research revealed that only 41% do not expect property prices to rise over the next 3 years Although many are waiting for the dust to settle, there are many still expecting home values to increase this year.…

‘Wait and see’ mindset results in residential mortgage lending dip

The latest figures released by UK Finance this morning have shown that gross residential mortgage lending in January fell by 1.5% when compared to the same month last year. According to the data, £21.6bn went through the books, with the volume of mortgages approved by the main high street banks seeing a marginal increase of 0.3% against January 2018. Home purchase approvals saw a 1.5% rise, remortgage approvals were down 3.1% and approvals for other secured borrowing were up by 6.8%. This follows…