News
Increase in properties purchased through Right to Buy
22 April, 2013
The number of council homes bought in London under right-to-buy has soared for the first time in a decade. In all, about 700 council homes were bought in the last year, more than double the previous year, figures reveal. Sales are set to rise further after Chancellor George Osborne announced in last month’s Budget that… Read more »
We have just passed Mortgage Freedom Day
19 April, 2013
This week saw Mortage Freedom Day (April 13th), the point of the year when homeowners have earned enough to cover their mortgage payments. At the same time, City AM pointed out that the equivalent date for people renting is a whole month later, putting owning a property into perspective. According to Zoopla, for 90% of… Read more »
Positive story about Help to Buy
19 April, 2013
According to a new study, home owners believe the value of their homes is rising for the first time in three years. The Knight Frank and Markit Economics House Price Sentiment Index found that 11% of property owners thought the value of their home had risen over the past month, while 9.9% thought it had… Read more »
First time buyers – rise in loans with best start to year since 2008
16 April, 2013
According to the Council of Mortgage lenders, 2013 has seen the best start to the year for first time buyer loans since 2008. Figures show that 32,000 loans were advanced in January and February, up 21% on last year. Click here for the full story.
House price growth in London continues to outpace rest of UK
15 April, 2013
The average property price in England and Wales grew £6,700 in the past year but would have been just £1,117 without the distortion of the London market, according to LSL Property Services. In their latest survey, the firm found that the average UK house cost at the end of March stood at £230,078.
Investing in property can sometimes bring amazing rewards
12 April, 2013
We at Censeo are always on the look-out for ways to ensure that people can buy their dream homes. And hopefully, this will set them on the path to a decent financial investment. For one couple in the 1960s, they have made an 18,000% profit on the house they bought in Chelsea. According to the… Read more »
Mortgage lending grows further in February
3 April, 2013
Mortgage lending continues to grow with the news that building societies and other mutual lenders lent £2.5 billion in February, up by 29% compared to the same month in 2012. Net mortgage lending (gross lending minus repayments) by mutuals was £515 million in February, up from £67 million in the same month last year. … Read more »
New app launched for housing association tenants
28 March, 2013
A new mobile phone app has been launched for the social housing sector. My Tenants is a bespoke mobile application which allows tenants to access a range of services whilst on the move. The app, which is free to download on iPhone and Android phones, allows tenants to report a repair, pay their rent, report… Read more »
Warning over rise in house prices
27 March, 2013
The Office for Budget Responsibility has warned that the Chancellor’s new help for homebuyers may lead to an increase in house prices, according to the Evening Standard. The OBR also believe that the measures will not stimulate much more housebuilding across the country. Click here to read the full story.
First time buyers aiming high
25 March, 2013
A study by the Clydesdale and Yorkshire banks shows that just under one third of first time buyers in the UK have set their sights on a three bedroom house. The research also revealed that around 22% are after a two bedroom flat while a fifth said they would like to buy a two bedroom… Read more »