Renters to increase by a million over the next five years

iStock_000022387205XSmallDespite the efforts of the Government to encourage more people to buy their own home, new research has shown the number of renters is on the rise. The figures from high end estate agency Savills, have predicted a 21% increase in the number of people renting their home, equivalent to an extra million people, by 2018. In London, where property prices have risen significantly over recent months, the increase is set to be even higher, at nearly 25%. Six million renters According ...

Q & A: Everything you need to know about the ‘Help to Buy’ scheme

Everything you need to know about the ‘Help to Buy’ schemeSince the credit crunch both the Government and the Bank of England have taken significant steps to protect and kick-start the housing market. From keeping base rate at 0.5% for four years, to the NewBuy Scheme and then the Funding for Lending Scheme, both existing homeowners and prospective first time buyers have had significant help over the past few years. After an initial dip in house prices of ...

Housing & mortgage round up: Lending to first time buyers jumps and Savills predict house price rises

Housing & mortgage round upMixed signals from the housing market this week with figures from the Council of Mortgage Lenders (CML) showing a jump in the number of mortgages approved for first time buyers, whilst surveyors report that the housing market is still in the doldrums. Meanwhile Savills predict house prices rises and in the mortgage market there could be a shock for mortgage applicants who have taken out payday loan...

Sharp rise in buy to let investors

New research has shown that buy to let investors are one of the few beneficiaries of the tight lending criteria, which continues to grip the mortgage market and has done since the credit crunch of 2007. Figures from the high end estate agent Savills show a 40% jump in the number of homes owned by buy to let landlords, with nearly 20% of all residential properties now owned by investors. The data from Savills was backed up by figures released by the Council for Mortgage Lenders (CML) which showed a 16% rise in the number of buy to let mortgages in the ...