Housing: New warning on house price ‘bubble’

iStock_000007190810XSmallDespite the effects of the last housing slump still being felt by many, there are concerns that government policies could be creating a new housing ‘bubble’. The warning comes from the Building Societies Association (BSA), who is concerned that assistance given by the government to homebuyers, particularly via the Help to Buy scheme, could “inadvertently” create a new housing ‘bubble’. Paul Broadhead, Head of Mortgage Policy at the BSA, said: “We are pleased that the Government shares our commitment to get the housing market moving, ...

Homebuying: Failing to commission a survey makes homes a time bomb

InspectorThe Royal Institution of Chartered Surveyors (RICS), are warning that homebuyers who try to save money by not having a survey of their new home, could be storing up problems for a later date. RICS have warned that if a survey is not completed, families who may already be financially stretched could risk huge repair bills putting right problems with their new home, which a survey would have highlighted before the purchase was completed. The survey of 1,000 buyers, which was ...

Budget 2013: Winners and Losers

Investment Sense Verdict_istockToday’s Budget included a wide range of measures which will affect us all; but were you a winner or a loser? For once there seems to be more winners than losers. However, with so many announcements, changes and alterations it might be a case of ‘swings and roundabouts’. Read on to find out if you have gained more than you have lost. Winners Tax-payers The Personal Allowance, the amount which can be earned before tax is paid, will increase to £10,000 from April 2014, a year earlier than ...