Mortgage Market Update

Various sources are claiming that now is as good a time to buy a property as there has ever been, with interest rates low and the property market surging forward. We have compiled stats from various sources around the country to give you an overview of the mortgage market, in case you are looking to invest…
To read the whole article, click here.

The Property Market Monthly Fact File – June 2016

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 the information they need.
To read the monthly fact file, click here.

Right to Buy scheme set to be extended after the government secures historic agreement

On the 7th October, David Cameron announced an historic new agreement with housing associations and the National Housing Federation that is set to extend the Right to Buy Scheme to 1.3 million more families.

The Prime Minister explains:

“Some people said this would be impossible and that housing associations would never stand for it. Today we have secured a deal with housing associations to give their tenants the Right to Buy their home…That will mean the first tenants can start to buy their homes from next year.”

The Right to Buy is a scheme that allows families in social properties to become homeowners, and has already helped around 2 million families realise their dreams since its introduction under Thatcher.

By recycling the funds raised by selling off the properties towards replacement affordable properties, this agreement sets out to not only increase home ownership but also help those who need a new affordable house, thus increasing overall housing supply.

Communities Secretary, Greg Clarke says:

“We’re determined to ensure that home ownership is seen as a reasonable aspiration for working people…Today’s historic agreement with housing associations and the National Housing Federation will extend that offer even more widely, while at the same time delivering thousands of new affordable homes across the country”

Under the new agreement, every housing association tenant would have the right to purchase a home at Right to Buy level discounts (subject to the Right to Buy eligibility requirements). It is assumed that housing associations would sell the tenant the property in which they currently live.

Compensation would then be paid to the Housing Association by the government to reflect the discount that was offered to the tenant. The sales receipt would be kept by the housing association so that they can reinvest towards the delivery of new homes.

Housing associations would use sales proceeds to deliver new supply and would have flexibility to replace rented homes with other tenures such as shared ownership.

Chief Executive of the National Housing Federation, David Orr said of the agreement:

“This is a great offer for housing association tenants. It is also a great offer for the country, as our proposal means homes sold will be replaced, delivering an overall increase in housing supply.

“This is an ambitious sector that last year built more than one in three of the country’s homes, matching each pound of taxpayers’ money with £6 of its own. We will build more.”

The Right to Buy is just one part of the Government’s wider programme to increase overall home ownership, with other schemes including the Help to Buy, Starter Homes, Right to Build and planning reforms to get more homes built on brownfield land.

It certainly seems as if there are enough schemes in place to address the mounting problems of home ownership and housing supply, but the question remains – how effective are they? Are they papering over the cracks, or providing a viable solution?

BT www.propertysurveying.co.uk 09.10.15

Looking for a Property Surveyor in Cheam?

Building and Property Surveyors Cheam

Do you need a local independent Chartered Surveyor in Cheam or the surrounding area? We can assist, including being able to provide a structural survey, major defects report, single fault assessment, rebuilding / reinstatement valuation, building survey, property valuation, homebuyers report, property acquisition advice, or other property assistance.

Chris Hunt MRICS
Chartered Surveyor

0203 390 3203
or Freephone on 0800 880 6024

chris_hunt“My surveying experience extends from a solid core of survey reports, like the HomeBuyers Survey and the House Purchase Survey, to a wide range of residential and commercial expert surveys, valuations and reports. I can highlight any and all issues and defects at your potential property purchase or your current home, making sure you have all the information you need to proceed.

“If you are buying a property, you could save thousands in unexpected remedial works by instructing us to carry out a property survey on your behalf. Please don’t hesitate to give me a call”

Chris will deal with you directly, giving free, impartial advice on choosing the service that’s best for you. Our fees are all inclusive, so time you need to discuss the building, structure and defects after the report is free. There are no hidden costs.

Find out more about our experienced local Chartered Surveyor / Director here.

Looking for a surveyor in Newbury?

Surveyed Buildings
These are actual buildings inspected by McCall & Co, chartered surveyors of the propertysurveying network.

Pre-purchase (or pre-lease) Residential Property Surveys by McCall & Co Chartered Surveyors with experience of Period, Individual and Character houses and cottages, including with thatch and/or timber-framed walls, and/or cob walls. Personal service for discerning buyers covering the Newbury area, Berkshire.

For an informal, friendly, no- obligation discussion, please call Ian McCall TD, FRICS on

01488 686 986


 Connecting you to Independent Chartered Surveyors
www.propertysurveying.co.uk
…for all your building survey and property requirements

Are you buying a commercial property in Dewsbury?

Property and Building Surveyors Dewsbury

01138 500 501
or Freephone on 0800 880 6024

west-yorkshire-101401_640Are you buying a new house or commercial property? Our Director will deal with you directly, giving free, impartial advice on choosing a survey. We quote flat fees, so time you need to discuss the building, structure and defects after the report is free. There are no hidden costs.

We are a local practice of Chartered Surveyors covering Dewsbury, Cullingworth, Denholme, Haworth, Wilsden and the surrounding Dewsbury area, helping clients with both residential survey and commercial property issues.

Please telephone George Passey FRICS and the team to discuss your building survey or other property requirements. We are a chartered surveyors practice covering Dewsbury, Mirfield, Ossett and the surrounding area, helping clients with both residential survey and commercial property issues.


Connecting you to Independent Chartered Surveyors
www.propertysurveying.co.uk
…for all your building survey and property requirements

Are you searching for a Property Surveyor in Torquay?

www.torquaysurveyors.co.uk

Building and Property Surveyor Torquay

Are you buying a new house or commercial property? Do you need a building survey, structural survey, single fault assessment, rebuilding / reinstatement valuation, homebuyers report, party wall or property advice from a Chartered Building Surveyor in Torquay or the surrounding South Devon area?

“All buildings, properties and houses have defects. Instructing us to undertake a Full Building Survey, House Purchase Survey Report or Homebuyer (Home Buyer) Survey will give you or your vendor peace of mind.” – Lee Gallon MRICS

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Please telephone Lee Gallon MRICS and the team to discuss your building survey or other property requirements. We are a chartered surveyors practice covering Torquay, Babbacombe, Marldon and the surrounding area, helping clients with both residential survey and commercial property issues.

01803 423 803
or Freephone on 0800 880 6024


Connecting you to Independent Chartered Surveyors
www.propertysurveying.co.uk
…for all your building survey and property requirements

Landlord struck with £300,000 of fines and costs after multiple planning breaches

A landlord’s failure to comply with numerous planning enforcement notices issued by Waltham Forest Borough Council has now resulted in a substantial sum of fines and costs of more than £300,000. The case shows that no landlord will escape their LPA if they choose to play fast and loose with the rules…
To read the whole article, click here.

Ramsay takes on Love and loses

Ref. Gordon James Ramsay v Gary Love [2015]
TV chef Gordon Ramsey has lost his legal battle with Pub owner Gary Love and will now need to find almost £10m in rent which he personally guaranteed. We look at the legal basis of Mr Love’s case and how Ramsey was still liable, even though he never personally signed the documents in question…
To read the whole article, click here.