22 June 2017Around 5m households are in the private rented sector and over the next five years this is set to rise to 5.79m (or 24%) with an additional 4.3m tenants in social housing according to a report by Knight Frank who commissioned a YouGov survey of more than 10,000 tenants and 26 large investors.
24 April 2017So you have a buyer. Now the fun begins. With up to 30% of sales falling through before exchange you need to move fast! Here are some tips to get exchanged before anyone changes their mind.
17 April 2017The best time to sell a property is within the first 2 weeks of marketing. It has been proved that the faster you sell, the more likely you’ll be to get a better price too. There are a number of low cost things you can do to give your property the edge over others on the market in the area and sell that bit quicker. Here is our pick of the best ideas.
13 March 2017As a property buyers’ organisation we get the inside view on what our members are thinking when it comes to buying as well as an indication of market conditions. In times when the selling market is traditionally quieter enquiries to our members should rise as people struggle to sell using traditional methods such as estate agents or auction companies.
6 March 2017There have been a number of articles in the national press about the ‘Quick Buy’ or ‘Professional Property Buyer’ sector including this in The Guardian on 2nd March, 2017
1 March 2017The dust is now settling after the Government’s long awaited Housing White Paper, released on 7th February. It seems to have been met with a collective groan by many politicians and housing experts who feel that the proposals do not go far enough to address the housing crisis which David Cameron announced he would solve by building 1M new houses by 2020 (with 3 years to go we are still hundreds of thousands short of that target).
27 February 2017The Evening Standard have reported that the average asking price of a home in London has dropped by 0.4%, although the average asking price is still a hefty £624,953. Inner London boroughs have dropped by 2.1% while the outer boroughs have increased by 1.4% showing the market for more affordable homes is still going strong.
27 October 2016It’s two years since the cash buying sector’s biggest ever shake up with a major OFT study – but what’s happened since? Back then the sector was valued at nearly £1 billion a year in terms of purchases made. The number of companies and the volume of transactions has increased since and is now though to stand at around £1.5 billion a year. This increase is showing little sign of slowing with the number of enquiries made to buying firms up around 30% and the appetite from the companies to purchase ever increasing.
7 September 2016The latest report by the National Association of Estate Agents reveals that first-time buyers made up just 23% of sales in July – down from 29% in May. That is bad news for those such as young families who are looking to move from a starter home into their next property, with fewer potential purchasers around to invest in bricks and mortar.
1 September 2016A late August heat wave and a reduction in the number of people holidaying abroad did little to improve a gloomy summer property market, figures from Nationwide confirm. August saw a slight pickup in house price growth but the outlook is still “clouded” according to the lender.
22 June 2016Research conducted by The National Association of Property Buyers (The NAPB) reveal a mixed picture ahead of the vote on Thursday which many have forecast will bring about a crash in the UK property market.
13 April 2016If you need to sell your house in a hurry then you might be thinking of using a quick sale firm. But what are your other options? And if you want to take the quick sale route, what should you watch out for?
3 December 2015Struggling home owners who are trying to find a way to pay the bills this Christmas are being urged not to rush to sell their properties without checking out the buyer first. Quick house sale firms operate by buying properties for cash. Some promise that customers can have the money in their bank account within seven days – and some deliver.
29 July 2015Recently, online estate agents have received increased attention from the media, offering people a new way of selling their home cheaply and quickly. While it can be an alternative for people who are prepared to wait and dedicate their time, consumers may not realise that it won’t suit those who think they can use it to sell their house faster and with less hassle with any guarantee of sale.
23 July 2015More and more often we are hear the term “equity release” as an option to ease financial woes or taking money out of a home without having to move… but what actually is equity release. What are the advantages and disadvantages of this route?
11 June 2015With a new majority Government in place and a growing economy, one would expect the housing market to be buoyant. However, the London market has been at the very edge of affordability for the average first time buyer for a while now and there seems to be a real bottleneck whereby banks won’t lend above 70% loan to value and are demanding strict affordability tests, making it harder than ever for new purchasers to get their ‘foot on the ladder’.
3 June 2015Nationwide have just released their report into the property market and headlines have been made about the fact that a record nearly four out of ten homes were sold to people not needing a mortgage – cash buyers. The UK’s second biggest mortgage lender confirms the figure to be a massive 38% and UK home prices to be 4.6% higher than a year ago, down slightly from 5.2% for the period to April.
26 May 2015Selling a house is one of the most stressful times of your life and if you have to do it in a hurry it can often heighten the stress levels, sending blood pressure through the roof and causing endless sleepless nights… but the good news is it doesn’t have to be that way.
22 April 2015There’s no doubt that the Election on the 7th May is going to be one of the most unpredictable in living memory. Gone (for now at least) is the old 2 to 3 Party politics and on May 8th we may be waking up to a Coalition of all shades. The economy has been at the heart of the debate of course and not far behind that, housing.
12 March 2015Ask almost anybody about the process to buy or sell a property and you’re sure to hear the words slow, nightmare, painful and stressful. These words are from successful transactions! Adjectives from those that don’t go through can’t be published here.