Mortgages: A generation of renters ‘locked out’ of the housing market

iStock_000018295400_ExtraSmallNew research has confirmed just how hard it is for first time buyers to save a large enough deposit to get onto the housing ladder. The research from housing charity Shelter, took into account a variety of factors, including earnings, rental levels, house prices and essential spending, to calculate the average length of time it takes to save a big enough deposit. Whilst the research only looked at areas of England, the results are likely to be replicated in Wales, ...

Land Registry House Price Index: House prices on the rise

Land Registry House Price IndexThe latest data from the Land Registry has shown house prices are continuing to rise. According to the Land Registry, which is generally considered to provide the most accurate housing data, prices rose by 0.20% in February and are 1% higher than this time last year, taking the value of the average home to £162,606. Unsurprisingly the London property market saw the largest rise over the past 12 months, with prices increasing by an average of 6.3%; although ...

Land Registry House Price Index: Prices rise at fastest rate for two years

Prices rise at fastest rate for two yearsNew figures from the Land Registry have confirmed that house prices in England and Wales rose by 1.7% in 2012; the biggest rise for two years and a sign that the slump in the housing market could be coming to an end. The Land Registry also confirmed that prices rose in December by 0.8%, taking the value of the average home in England and Wales to £162,080. The Land Registry findings differ ...