Monthly Archives: April 2017

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Buy-to-let slump puts first-time buyers in the driver’s seat

The withdrawal of landlord buyers has left the market freer for first-time buyers without pushing up prices.

Buy-to-let landlords are finally in retreat in the housing market, leaving young adults in a better position to buy a property, according to the latest data from mortgage lenders.

The Council of Mortgage Lenders said lending in March was £21.4bn, down 19% on the year before, almost entirely due to landlords withdrawing from the market. A double whammy of tighter Bank of England lending rules, which have forced banks and building societies to insist on greater rental cover and higher deposits, plus new taxes on rental income, has made buy-to-let far less financially attractive.

Lending peaked in March 2016, as landlords rushed through purchases to avoid a 3% hike in stamp duty. But since then, lending

By |April 26th, 2017|Categories: Property News|0 Comments

As demand rises, people are struggling with new-built homes

When you buy or rent a new-build house, you don’t want to finish it and struggle for a solution. A hole where a window should be, no cavity wall insulation and uneven stairs are just a few of the problems to mention.


BUYER CHECKLIST

■ Research the developer online before you buy to check for negative feedback and other’s experience

■ Question purchasers who have moved in to completed phases of a development about their experience.

■ Check which warranty provider the developer is registered with and read its consumer code.

■ Ask an independent snagging company to inspect the house for flaws before completion. However, developers aren’t obliged to allow you to enter the property before the legal completion date and many don’t.

■ Ensure your home and contents policy includes

By |April 12th, 2017|Categories: Property News|0 Comments