In this month’s Property Surveying Newsletter … we look at the Green Homes Grant, discuss whether home buyers should worry about taking out a longer term mortgage and look at some of the possible outcomes of the budget.
The property market fact file is a collection of data compiled each month by our Chartered Surveyors and the propertysurveying.co.uk team, reflecting survey data, statistics, trends and information from the property market. This provides a single place where anyone with an interest in UK property can find the information they need.
The coronavirus pandemic meant that no budget was delivered last autumn but it is hoped the Chancellor might deliver a little cheer for homeowners and house builders in March. Here are some of the things that might be included.
The government’s revised Help to Buy Equity Loan scheme for home buyers is now open for applications for first time buyers in England. We look at how it works.
Potential users of the Green Homes Grant have been unable to get a quotation from a registered contractor and where work has been carried out the firms have not been paid. Why have users of the scheme continued to find problems, when the Climate Change Committee says that £2 billion needs to be spent every year until 2030 to meet climate change targets?
North London’s Noel Park Estate was developed around the turn of the 20th Century as an early example of a garden suburb. Now homeowners on the estate are facing bills of £100,000 – making it impossible to sell or remortgage their properties.
The Nationwide Building Society says that 70% of mortgages taken out by a first time buyer are for terms above the average term of 25 years. Is this something that should be of concern or should we approach house buying differently?
Estate agents are concerned that lockdown house viewers are using tactics to travel out of their own areas to view property, often to buy as a second home.
There are more holiday homes in Gwynedd than anywhere else in Wales. In an effort to stem the influx of second home owners into the county, the council has maxed out council tax on second homes and long-term empty property.
And finally …
To lighten the mood, we look back ten years to 2011 (a fairly dreary year in the world of property) but it wasn’t all bad news. At the end of the year we compiled a list of the ten property stories which shaped 2011 – step back in time with us and see what we worried about then …
Written by Independent Chartered Surveyors
of the UK wide network of Property Professionals
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