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Budget 2018: Hammond adds £500m to housi

Budget 2018: Hammond adds £500m to housing infrastructure fund

Chancellor Philip Hamond has detailed the numbers his government has promised to spend in the pursuit of building more houses. “I can announce today a further £500m for the housing infrastructure fund to unlock a further 650,000 homes,” Hammond said as he delivered the 2018 Budget. Hammond also mentioned “the next wave of strategic partnerships […]

Estate agents pressuring buyers to use i...

Estate agents pressuring buyers to use in-house brokers and charging 8% commission on auction sales – HOA

The Home Owners Alliance (HOA) has revealed it is examining cases where consumers have been charged massive rates of commission by estate agents when conducting auctions on individual property sales. The consumer representation group also highlighted the continuing pressurising of buyers to use in-house services such as tied mortgage brokers, and their failure to share […]

Government launches new build ombudsman ...

Government launches new build ombudsman to protect buyers

  “New homes should be covered by an Ombudsman, as consumers have no idea that when they buy a new home directly from a developer they will have no access to a redress scheme. “ Secretary of state for housing, communities and local government, James Brokenshire, announced the launch of a New Homes Ombudsman at […]

Which Northern city has seen the fastest...

Which Northern city has seen the fastest rate of house price growth this year?

Prices are growing fastest in the UK’s most affordable cities Liverpool is the fastest growing city for house prices in the UK, with an annual rate of inflation of 7.5%, according to Hometrack. The Northern powerhouse is followed by Glasgow (7.2%) and Nottingham (6.9%), making up three cities that are also among the most affordable. […]

Help to Buy ISA flaw delays 45,000 first...

Help to Buy ISA flaw delays 45,000 first-time buyers

One in four first-time buyers claim the government’s Help to Buy ISA is misleading and unhelpful because savings can’t be used towards a deposit for a home. Research from OneFamily suggests this flaw has delayed 45,000 first-time buyers from getting on the housing ladder. Under the Help to Buy ISA scheme, first-time buyers can save […]