Mynest

Better-off areas asked to build up to 40% more homes

Rent rises ahead as landlords pull out of UK housing, says RICS

More than half of Britain has seen wages rise faster than house prices in the last 10 years, research by a mortgage lender has suggested. Edinburgh and Birmingham are among the 54% of areas where pay has outpaced property prices since 2007, the Yorkshire Building Society found. Yet the gap between wages and house prices […]

Are you young-ish, single and thoroughly fed up with paying a high level of rent for a room in a house, miles away from where you work? Perhaps you would prefer instead to spend up to £1,100 a month to rent a very small studio flat in a city centre? By very small, we mean […]

A mortgage lender has suggested that “some buoyancy” is returning to the UK housing market as it reported property price rises. The Halifax, part of Lloyds Banking Group, said the average UK home cost £222,293 in August, a 1.1% increase on the previous month. The high level of people in work had added to demand, […]

Housebuilder Bovis says it will have fixed the problems with its faulty homes by the end of 2017. In it’s half-year results statement the firm said it had identified the issues and they were “all very fixable”. Some Bovis customers had complained about homes being sold unfinished, and had reported plumbing and electrical faults in […]

House price growth slowed to 2.1% in August, from 2.9% in July, amid fears Brexit-fuelled inflation is placing pressure on household spending, says the Nationwide. Property values fell for the first time since May, down 0.1% month-on-month to an average of £210,495. The number of mortgages approved for house purchases fell to a nine-month low […]

UK property sales topped 100,000 for the third month this year in July – but were almost identical to a year ago. A total of 107,500 homes were sold during the month, data from HM Revenue and Customs (HMRC) shows. This follows 100,000-plus sales in March and June but, in general, activity in the UK […]

At £280,000, is this the most overpriced property in Britain?   London property is sagging and inflation is bringing on a fit of national belt-tightening. But the beach hut market – where people spend hundreds of thousands of pounds on small sheds with no plumbing, privacy or security of tenure – appears entirely impervious. Two […]

“Unfair charges” levied on buyers of new-build houses could be banned in England under a proposed crackdown. Leaseholds on new-build houses would be outlawed, while ground rents could be dramatically reduced, under government plans subject to public consultation. Ground rents can double every decade, crippling home owners and in some cases making a property impossible […]