By Adam Uren PUBLISHED: 07:12 EST, 13 August 2013 | UPDATED: 07:12 EST, 13 August 2013 More and more people are planning on renting or selling their properties to fund their retirement, but in doing so may be leaving themselves at the mercy of violent future swings in property prices.
Check the extra rent you will generate is worth the extension Back in November 2012 there were major reports that the government was going to allow homeowners to extend their property for a period of years without planning permission. However this was rejected in May 2013 so the likelihood is you will need planning for both the extension and the HMO.
RICS July 2013 UK Residential Market Survey The UK housing market appears to have finally turned a corner as buyers returned to the market in their biggest numbers for four years, says the latest RICS Residential Market Survey (13 August 2013).
The housing market has "turned a corner", partly because of the Help to Buy scheme, the government has claimed. Figures show that the housing stimulus programme in England has attracted 10,000 successful applications since it was launched in April.
Wednesday 14th August 2013 The Property Ombudsman has had its Code of Practice for sales agents approved by The Trading Standard Institute (TSI) under their Consumer Code Approval Scheme. The Consumer Code Approval Scheme replaces the Office of Fair Trading scheme.
Wednesday 14th August 2013 In a flurry of seemingly upbeat news about the housing market, the Office for National Statistics has reported a surge in prices and the RICS has said that there has been a big pick-up in buyer interest.
Wednesday 14th August 2013 Estate agents are being warned that buyers and sellers will continue to experience "lengthy waits" for valuations and surveys, as well as delays in conveyancing, for the foreseeable future. Conveyancing Alliance Group, a conveyancing supplier, said it is vital for agents to manage expectations as delays in reaching exchange and completion continue to grow.
How do you buy a property? If you've never done it before the process can be daunting. Buying a home means a lot of paperwork, procedures and different people getting involved. Understanding roughly who does what and when before you start can make it less stressful.
Rising confidence from buyers part of wider picture of economic recovery 25,300 mortgages given to first-time buyers in June, from 19,400 last year High street sales, manufacturing output and car production also on up By Becky Barrow PUBLISHED: 19:24 EST, 13 August 2013 | UPDATED: 20:02 EST, 13 August 2013 House prices are rising three times faster than wages, amid warnings from ministers that this is not necessarily a good thing.
But forecasts have been edging up. Savills, the estate agent, recently raised its predicted rise for 2013 from 0.5pc to 3.5pc. This radical increase was mainly to do with the effects of government initiatives such as Help to Buy and Funding for Lending, both of which have pushed mortgage rates down, Savills said.
"It is looking ever more likely that house prices will see marked increases over the rest of 2013 and during 2014, with the result that we have raised our house price forecasts," said Howard Archer, chief UK economist at IHS Global Insight.
The UK government is facing growing calls to drop its controversial Help to Buy mortgage scheme to prevent another housing bubble, as lending to first-time buyers rose to a post-2007 high. The number of mortgages advanced to would-be homeowners
Experian's Jonathan Westley commented: "Some lenders and estate agents are reporting improvement in the housing market, with the Council of Mortgage Lenders data showing confidence and activity growing strongly at the bottom of the property ladder." Figures from the Royal Institution of Chartered Surveyors, published today, showed house prices rose in July for a fourth consecutive month, marking their fastest growth since November 2006.
House prices have risen at their fastest pace since 2006 sparked by a rising demand for property across the country. According to the latest housing market report by the Royal Institution of Chartered Surveyors (Rics) there are signs a recovery is "round the corner".
Estate Agent Track Day! Our 2nd blog post for the week and this one's all about what we get up to on Twitter with other Estate Agents. Earlier last week Andrea Morgan who blogs for Rightmove was on the lookout for the UK's Best Branded Estate Agent Car - great news as we've actually just had one of ours done up!
Government action to help kick-start the housing market is working, Eric Pickles, said today (13 August 2013). Ministers also pointed to the delivery of almost a third of a million additional homes in the last 2 years, and 150,000 more affordable homes have been built under this government.
George Osborne's schemes to kickstart house sales have fuelled a surge in interest from homebuyers and the fastest rise in prices since their peak seven years ago, according to a wide-ranging survey of estate agents.
Key findings In the 12 months to June 2013 UK house prices increased by 3.1%, up from a 2.9% increase in the 12 months to May 2013. House price growth remains stable across most of the UK, although prices in London are increasing faster than the UK average.
Homebuyers are flooding into the property market in their largest numbers for four years, driving up prices and adding to signs of a turnaround in the economy. Estate agents and surveyors reported a marked rise in buyers' inquiries last month, the Royal Institution of Chartered Surveyors will say today, fuelling expectations of the strongest house price rises since 2006.