As first-time buyers continue to struggle to get onto the housing ladder, forecasts suggest that 2017 might be the first year in eight decades where property rentals will outstrip property sales. With the cooldown after the Brexit vote, the lack in supply and the increase in prices, activity in buying property has experienced a slow dip as of recent, the UK’s largest estate agent, Countrywide, has revealed. Johnny Morris, research director at Countrywide, said: “As some would-be buyers and sellers sit on their hands, Brexit-induced uncertainty has continued to boost the rental market … September saw record activity, with increasing numbers of lets agreed and tenants choosing to renew their contracts. On current trends 2017 could […]
What are Investment bonds? Unless you are a seasoned investor, you may not know what investment bonds are and how they can earn you money compared to other types of investments. Firstly, we must define bonds: they are basically IOUs (informal documents that acknowledges a debt owed) emitted by companies and governments to make their capital increase. In this way, investors buy this debt and, in exchange, the company pays an interest–also known as a coupon, fixed income or fixed interest asset–at predetermined intervals (usually annually or bi-annually) and returns back the original investment amount on the expiration date, ending the loan.
Almost 40% of the UK’s first time home owners are planning to take their second step on the property ladder, according to new research. The number of first time buyers planning to put up a ‘for sale’ sign has jumped by 14% compared to the same period last year, the latest figures from Clydesdale and Yorkshire Banks reveal. Among those planning to look for a home a third plan to move out of necessity as they have outgrown their current home while 24% are focused on moving up the property ladder.
Peer to pear lending platform Landbay which specialises in buy to let mortgages has launched a new range of limited edition lending products aimed primarily at professional landlords. The new tracker products have a competitive rate, no Early Redemption Charges (ERCs) and will be available exclusively via Landbay’s approved broker partners, in addition to the existing suite of both Fixed and Tracker rate products.
Since the announcement of the new High Speed Rail connecting the country faster than ever, areas of the west side of the route have seen a much stronger than average growth of house prices, Nationwide revealed. London and the South East are served by an extensive network of rail and road links which gives commuters the option to travel in and out of the capital, the Nationwide report revealed. The Crossrail project, a railway line spanning from Reading and Heathrow in the west to Shenfield and Abbey Wood in the east, will be another improvement to this network.
The number of build to rent homes has increased strongly in the UK at a time when demand for rental homes is rising but even more need to be constructed, according to the industry. The latest figures from the British Property Federation show that in the past year the amount of build to rent units in with planning permission, under construction or completed in the UK has surged by over 200% to 67,000 units. More are being built in the regions which have seen an increase of almost 400%, from 7,000 units in October 2015 to over 34,000 a year on. However, the BPF has stressed that although these figures are encouraging, the sector could be […]