Top tips for saving up a house deposit January 8, 2016 Four out of five Britons under 30 would prefer to own their own home, rather than rent, according to the Council of Mortgage Lenders, but in London, that’s easier said than done. Home ownership is at its lowest level in 25 years and property prices have risen to about six times the UK’s average annual [...]
Apple’s big event is happening on 7 September for expected iPhone 7 launch August 29, 2016 It's here! Apple has set the date for the much anticipated event where it's expected to launch its latest device – the iPhone 7. An invitation for the event was sent out on Monday afternoon saying "See you on the 7th". The event will be held at 10am pacific time – 6pm in the UK – in [...]
Proptech: Technology is poised to transform the UK housing market February 19, 2016 The phrase “fintech” has long since entered mainstream use, while buzzwords like adtech, edtech and medtech are becoming increasingly familiar too. Now a newish category is entering the technology startup lexicon: “proptech”. The UK’s property industry has remained stubbornly resistant to change, even as innovation reshapes entire verticals across the wider economy. Compared with, say, [...]
UK rental prices: Why landlords aren’t to blame for the housing crisis February 5, 2016 Landlords aren't exactly flavour of the month right now. For many critics of the UK private rental market, it's landlords who seem to be presiding over a broken and unjust system, fleecing tenants out of their hard-earned cash while keeping property prices at the insanely high levels that price them out of home ownership. It’s [...]
London house prices: Queues around the block as 215 flats at bargain basement prices at Trinity Square in Hounslow sell out in three hours, netting £60m of sales November 6, 2015 Yet another sign of the hysteria surrounding London's housing market: 215 flats at a residential development in Hounslow sold out in just three hours on Thursday night, as hundreds of people clamoured to get their hands on one of the homes. Developer Galliard said it made sales of £20m per hour between 5pm and 8pm [...]
UK house prices have reached an all-time high – but price growth is slowing in London November 23, 2015 UK house prices surged last month, taking the average cost of a home to an all-time high – but London is falling behind. The country's average rose by 1.9 per cent in October, taking the annual growth to 10.5 per cent. That means the national average cost of a house now stands at £224,242, according [...]
Bank warns looming credit boom risks housing bubble December 8, 2015 The noughties were not humanity’s greatest decade. It brought us boot cut jeans, velour tracksuits and 50 Cent – and now a report has warned that we could be heading back there, thanks in part to the Bank of England’s monetary policy committee (MPC). According to BNP Paribas Real Estate, if the MPC shies away [...]
House prices in Chelsea have fallen by 10 per cent this year October 6, 2016 House prices in Chelsea have fallen by 9.8 per cent annually, according to Knight Frank. Overall, prices for high-end homes in central London fell by 2.6 per cent in September, the estate agents said. Read more: House prices under threat in Tower Hamlets due to rapid building and Brexit There were marked regional differences in prices [...]
Top tips for choosing a mortgage broker and how to get the best out of them February 23, 2016 Graham Lock, CEO of House Network Research rates and reputable brokers In the digital age, you can gain access to a variety of comparison websites such as moneysupermarket.com or comparethemarket.com, without the need for extensive credit checks, which would damage your hard-earned credit rating. If you come across specialist terminology, check out some of the [...]
The definitive guide to where you can afford to buy a home: Unless you earn £42,645 forget about living in London December 14, 2015 Where in the UK can you afford a house? If you're a first-time buyer, the answer is "very few places". If you earn under £42,645 per year, you’re going to struggle to find anywhere in the capital. Use the tool below on desktop to find out where you can afford to buy, based on the interest rate on [...]