Welcome to the Property Advice Newsletter
Written by Independent Chartered Surveyors
of the UK wide network of Property Professionals
Publication date: November 2017
In this month’s edition … we look at budget changes in the property sector, discuss how house prices have changed in the decade since the last financial crisis, and discover how a recently adopted and over-restrictive immigration policy is affecting the Channel Island of Guernsey …
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 most of the information they need.
The November 2017 budget is being announced today (22nd November). Here are some of the key points related to the property sector.
How the government proposes to tackle the unfairness of the lettings market by banning unfair letting fees.
It is estimated that a quarter of a million house sales agreed each year in England fall through, wasting millions of pounds. The government has promised to make home buying simpler and stop gazumping.
£824 million of property wealth was accessed through equity release plans in the third quarter of 2017 – a figure 44% higher than the same period last year. Nationwide has now become the first major high street lender to offer the product.
Information from the Office of National Statistics shows how much the value of housing in the UK has changed in the ten years since the financial crisis.
A TV property expert, a Conservative MP and the Mayor of Greater Manchester have been talking about how and where to build affordable housing. Can building away from London keep ‘affordable housing’ affordable?
In the run up to Brexit, businesses on the Channel Island of Guernsey are warning of the potentially negative effects of a system that seeks to control population.
“I have paid £70,000 plus in rent on time yet still struggle to get a mortgage”. How can renters get lenders to take account of their good payment history in order to qualify for a mortgage?
Advice to make sure the thatch roof of your quintessential English home doesn’t turn your dream house into a nightmare.
And Finally …
If you missed our article on Stoke on Trent’s scheme to regenerate its housing stock – don’t worry! They’re doing it all over again.
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 the country.