Chancellor Philip Hammond to close Help to Buy mortgage guarantee scheme at end of 2016 September 29, 2016 Chancellor Philip Hammond has confirmed that he will be closing the Help to Buy mortgage guarantee scheme at the end of this year. In a letter to Bank of England governor Mark Carney, he said the scheme's purpose has been "successfully achieved" and he will close it to new loans at the end of 2016. [...]
House prices under threat in Tower Hamlets due to ballooning development and Brexit September 22, 2016 House prices could be set to fall in Tower Hamlets due to the rapid development of the borough, according to new research. Data collected by property consultancy Propcision shows Tower Hamlets makes a decision on more planning applications than any other London borough, and approves far more developments than other boroughs, which could lead to a downwards [...]
New homes on sale in London, from an old Tudor Palace to Chiswick townhouses October 21, 2016 Brandon House, Borough From £735,000 Live on the site of an old Tudor Palace right next to London Bridge. This week, 77 new homes went on sale at Brandon House on Borough High Street, named after the Duke of Suffolk, Charles Brandon, who lived in a mansion there in 1518. It comprises one to three [...]
Berkeley Group just had a massive rant about London’s housing crisis, saying it “poses a risk to deficit reduction” September 6, 2016 Housebuilder Berkeley Group had made its feelings on London's housing crisis very clear this morning, slamming government housing policy and saying the problems "pose a risk to deficit reduction". Berkeley Group said this morning: "What is increasingly clear is that government policy, which has been helpful outside London, has had a negative effect on the [...]
Focus On Rotherhithe: A £34m investment has brought a new town square, library and cultural centre to the Docks November 11, 2016 Rotherhithe, a conservation area in the Docklands in south east London, is one of the prettiest and most rapidly gentrifying places in the capital. With a long and proud history as a major trade port, it was a working dock right up until the 1970s. It was also home to the first under-river tunnel in [...]
House price growth in London to drop to six per cent this year September 23, 2016 House price inflation in UK cities is set to slow to 8.2 per cent – and annual growth in London is predicted to fall to six per cent by the end of this year. According to Hometrack, house price growth has slowed in cities across the south of England especially, due to the weaker demand for homes after the Brexit [...]
These are the 10 most and least affordable London boroughs for buyers on an average annual wage October 8, 2016 London may have fallen out of the UK's top three regions for house price growth, but gaining a foothold on the capital's property ladder is still out of the range of many first-time buyers – and is unlikely to change anytime soon. The average London house price is 14 times higher than the average annual wage [...]
This new proptech startup wants to help generation rent buy their first home September 22, 2016 Zoopla and top investor Robin Klein are backing a new property technology venture designed to help first time buyers hop on to the incredibly difficult first rung of the property ladder. Wannabe homeowners can invest in a property Isa with Bricklane.com which launches today. Cash will go into a Real Estate Investment Trust (REIT), which will invest in rental [...]
The number of mortgages in arrears and repossessions fell in the last quarter August 11, 2016 The number of mortgages in arrears continued to fall in the second quarter, reaching its lowest level since records began. According to the Council of Mortgage Lenders (CML), at the end of June there were 92,500 mortgages in arrears of at least 2.5 per cent of the total mortgage outstanding – down from 95,900 at [...]
Landlords threaten to hike rents after tax changes kick in October 1, 2016 Landlords have claimed they will be forced to raise rents as a result of the government's string of tax changes and crackdowns on the buy to let sector. A new survey also revealed private sector landlords will not be able to invest as much in improving their properties as a result of the extra charges [...]