Tag: affordability

Stoke-on-Trent tops the UK’s house price growth chart

Author: Property118.com Landlord News Team

30th December 2024, 2 years ago | 0

House prices in Stoke-on-Trent rocketed by 17.2% in the year to September, according to the latest Halifax data, solidifying its...

UK house prices to grow 2-4% in 2025 – Nationwide

Author: Property118.com Landlord News Team

17th December 2024, 2 years ago | 0

The UK’s housing market has exhibited surprising resilience in 2024, despite affordability challenges, mortgage market activity as house prices demonstrated...

Mortgage rates hinder first-time buyers’ homeownership dreams

Author: Property118.com Landlord News Team

11th December 2024, 2 years ago | 0

Mortgage rates remain a big barrier to first-time buyers in the UK, research reveals. The Mortgage Advice Bureau says that...

House prices outpace income growth to hit affordability

Author: Property118.com Landlord News Team

11th December 2024, 2 years ago | 0

While the UK’s house prices continue to rise, income growth has lagged, making homeownership a distant dream for many, data...

Homebuying becomes more affordable as wage growth outpaces house price rises

Author: Property118.com Landlord News Team

2nd December 2024, 2 years ago | 0

Buying a home has become slightly more affordable relative to income, according to research from Halifax. It says the average...

UK rents set to soar another 18% over five years – as landlords leave

Author: Property118.com Landlord News Team

20th November 2024, 2 years ago | 8

Rents in the UK are set to continue their upward trajectory, with Savills forecasting an 18% increase over the next...

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Landlords and second homeowners rush to sell – Zoopla

Author: Property118.com Landlord News Team

3rd October 2024, 2 years ago | 8

The UK property market is witnessing a surge in landlord and second-homeowner properties for sale as they race to offload...

Rents hit new heights to push affordability levels to the limit

Author: Property118.com Landlord News Team

4th September 2024, 2 years ago | 4

Rents in the UK continued their upward trajectory in August, reaching a new high of £1,438 on average for new...

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UK house price growth picks up steam

Author: Property118.com Landlord News Team

1st August 2024, 2 years ago | 0

The average UK house price climbed 0.3% month-on-month in July, marking the fastest pace of growth since December 2022, new...

Half of renters are living in cold, damp homes – Citizens Advice

Author: Property118.com Landlord News Team

24th July 2024, 2 years ago | 46

Nearly half of private renters in England are enduring freezing, damp or mouldy homes, Citizens Advice has warned. And, the...

Universal Credit issues – How do I claim rent arrears?

Author: Readers Question

24th July 2024, 2 years ago | 9

Hi, I have tenants in Glasgow on Universal Credit. The tenants paid the rent to me until I asked them...

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Housing market shows signs of recovery

Author: Property118.com Landlord News Team

10th July 2024, 2 years ago | 0

The housing market in England and Wales is showing signs of recovery, according to new data from e.surv. The average...

5% deposit mortgage makes owning unaffordable for most

Author: Property118.com Landlord News Team

25th June 2024, 2 years ago | 4

While renting costs continue to rise, a new analysis reveals that buying a home with a 5% deposit is currently...

Londoners move out for cheaper homes

Author: Property118.com Landlord News Team

7th June 2024, 2 years ago | 2

Property investors and landlords might be interested in a study of London’s moving trends which reveals a significant rise in...

Shelter reveals that social rents are 60% cheaper than in the PRS

Author: Property118.com Landlord News Team

3rd June 2024, 2 years ago | 23

Social housing tenants enjoy rents that are 60% cheaper than private rented sector (PRS) tenants are paying, Shelter says. The...

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Lenders cut BTL rates and unveil new products

Author: Property118.com Landlord News Team

21st May 2024, 2 years ago | 0

The UK’s buy to let mortgage market is seeing activity from several lenders with announcements of rate cuts, new product...

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House prices hit record high but growth slows

Author: Property118.com Landlord News Team

20th May 2024, 2 years ago | 0

House prices in the UK have reached a new record high, according to Rightmove, but the rate of growth is...

Landbay reduces stress test requirements for BTL remortgages

Author: Property118.com Landlord News Team

14th May 2024, 2 years ago | 0

Landbay has streamlined its like-for-like remortgage products for buy to let landlords by simplifying its affordability checks and offering lower...

London’s rents are cheaper than mortgages

Author: Property118.com Landlord News Team

13th May 2024, 2 years ago | 2

The financial challenges being faced by aspiring homeowners in the capital have been revealed by a study which shows a...

Rent controls in Wales opposed by letting agents

Author: Property118.com Landlord News Team

10th May 2024, 2 years ago | 0

Propertymark members in Wales have made their disapproval of rent controls clear after the Welsh government published a summary of...

UK house prices show signs of stability after fluctuations

Author: Property118.com Landlord News Team

7th May 2024, 2 years ago | 0

UK house prices edged up slightly in April, following a period of volatility earlier this year, the latest figures from...