Welcome to the Property Advice Newsletter
Written by Independent Chartered Surveyors
of the UK wide network of Property Professionals
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 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
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.
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.
The Halifax says the rise in planning applications for property improvements is a bid to circumvent a soaring property market.
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.
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.
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.
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.
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.
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 ...
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
This newsletter is a free service by PropertySurveying.co.uk
for those with an interest in the UK Property Market. As well as being
posted online here, it is emailed direct to our subscribers all across