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Welcome to the Property Advice Newsletter Written by Independent Chartered Surveyors of the UK wide network of Property Professionals

www.PropertySurveying.co.uk

Publication date: September 2017

In this month's edition ... we look at how the Bank of England is beginning to tackle Britain's worrying level of unsecured debt, discuss how 'right-sizing' pensioners could be the key to tackling the housing shortage, ask why lack of housebuilder confidence has halted the construction of much needed supported homes, and discover how one man solved his property selling stalemate ...

The Property Market Monthly Fact File

The property market fact file is a collection of data compiled each month by our Chartered Surveyors and the propertysurveying.co.uk team; collating survey data, statistics, trends and information from the property market. This aims to provide a single place where anyone with an interest in UK property can find much of the information they need.
 

What is 'staircase tax' and will it affect me?

The Supreme Court ruling that treats self-contained pieces of a property as a separate hereditament will mean backdated property tax bills for thousands of small businesses.

Changes to funding of supported housing halt the building of homes for the vulnerable

Housing associations deliver approximately one third of England's supported and sheltered homes, but plans to build new 'supported, sheltered and extra care' homes have now been reduced from 8,800 to just 1,350 units.

Home improvements soaring as Brits dig deep

The Halifax says the rise in planning applications for property improvements is a bid to circumvent a soaring property market.
Home improvements soaring as Brits dig deep


Utility companies paying 2,500 a day to dig up the road

Transport for London and Kent County Council have been the first authorities to trial the government's lane rental scheme. Consultation is now underway to consider the removal of the 'sunset' clause that requires the scheme to close in March 2019 unless regulations are amended.


Spiralling unsecured debt growth continues to cause concern

Spiralling unsecured debt growth continues to cause concern

The Bank of England recently asked lenders to set aside 11.4 billion over the next 18 months, to protect against potential defaults as consumer credit continues to grow faster than wage growth. Mortgage lenders should now tighten their rules to ensure they are not over-exposed.


'Generation Stuck' - half of pensioners would consider downsizing if the right type of properties were available

Research suggest that 5.7 millon pensioners would consider downsizing, and a stamp duty exemption would encourage them. The figures show that over 11 million pensioners could be on the move by 2036.

Modern prefabrication methods help the delivery of new housing around the country while keeping employment local

The Mayor of London has committed to invest 25 million to deliver over one thousand new affordable homes for first time buyers in London. A third of the one and two-bedroom houses will be constructed using prefabricated, offsite construction methods.  

Why not 'ditch the big city loneliness' and embrace community living?

A new wave of tiny apartment 'microflats' offer an alternative to traditional living and working habits, as young working people come together in a new development in London's Old Oak Common.
Second home ownership increases wealth inequality

Second home ownership increases wealth inequality

Using figures drawn from sources that include the Office of National Statistics, a new report reveals a growing gap between those who have property wealth and those who don't.

And Finally ...

How to own a beautifully restored home with ballroom, cinema room and six bedrooms for 2

After spending 150,000 on the property that he thought needed 'just a lick of paint', the owner of a Grade II listed property in Lancashire began to struggle with the mortgage. He chose a novel way of solving his problem.

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The next newsletter will be published in October. Click here to access the Newsletters Archive