Topic filter : Home Buyer

Most trending topics in Business & Finance ( last 24 hours ):
Debt Uber Investor Investigation Farming Supermarket Save Money Shopping Royal Bank Of Scotland Credit Card Share Price Airline Compensation Flight

Latest Finance News related to Home Buyer

The miserable reason behind millennials' slow march to the suburbs | Jamie Peck image
....According to data released by Zillow Group, 18-to-34-year-olds have become the largest group of homebuyers in the US, making up some 42% of the total pool, and almost half live in the suburbs. This tracks with earlier data that said the average age of first-time home buyers is falling and millennials’ representation among said buyers is rising. ...
Second-home ownership up 30% since 2000, research finds image
Source : Guardian [Read Article] Saturday 19th of August 2017 03:54:34 PM
....The government collected almost £2bn from stamp duty in the first three months of 2017, provisional figures released by HMRC in April show. That was 16% higher than the amount collected in the same quarter in 2016, due to the additional £454m generated by the 3% surcharge for investors and second-home buyers. ...
Buy-to-let landlords: Five top tips that could save you THOUSANDS image
Source : Daily Express [Read Article] Wednesday 9th of August 2017 08:30:00 AM
....WHAT is the stamp duty surcharge?. A) SINCE April 2016 investment property and second home buyers must pay a surcharge of 3 per cent on top of standard residential stamp duty, adding to initial costs. ...
Jingle bells in July as Selfridges opens Christmas shop 147 days early image
....99). Eleanor Gregory, Selfridges Christmas and home buyer, said: “The fact that we’re also going to be selling some of our most requested Christmas food lines from Friday for the first time ever, is complementing the Christmas selection we make available in the summer perfectly. ...
Leasehold in England and Wales is last redoubt of a colonial relic image
Source : Guardian [Read Article] Wednesday 26th of July 2017 05:00:32 AM
.... When a house is sold as leasehold, the buyer is effectively only a tenant with a very long term rental, with the ground the home is built on remaining in the hands of the freeholder. The home buyer has to pay an annual “ground rent” to the freeholder, and has to ask the freeholder for consent if they want to make any changes to the property, such as building a conservatory or changing the windows. ...
Ground rents: aristocrats and shell firms among those making millions image
Source : Guardian [Read Article] Wednesday 26th of July 2017 05:00:32 AM
.... When a house is sold as leasehold, the buyer is effectively only a tenant with a very long term rental, with the ground the home is built on remaining in the hands of the freeholder. The home buyer has to pay an annual “ground rent” to the freeholder, and has to ask the freeholder for consent if they want to make any changes to the property, such as building a conservatory or changing the windows. ...
Leasehold houses and the ground rent scandal: all you need to know image
Source : Guardian [Read Article] Tuesday 25th of July 2017 03:05:21 PM
.... When a house is sold as leasehold, the buyer is effectively only a tenant with a very long term rental, with the ground the home is built on remaining in the hands of the freeholder. The home buyer has to pay an annual “ground rent” to the freeholder, and has to ask the freeholder for consent if they want to make any changes to the property, such as building a conservatory or changing the windows. ...
Leaseholds on new-build houses in England to be banned image
Source : Guardian [Read Article] Monday 24th of July 2017 11:01:37 PM
....Over the past nine months a Guardian Money campaign has highlighted reports of buyers trapped in properties valued at zero just six years after being built, £2,500 fees demanded by freeholders for permission to build an extension, and quotes of £35,000 to buy freeholds on detached houses only just a few years old. Javid said: “It’s clear that far too many new houses are being built and sold as leaseholds, exploiting home buyers with unfair agreements and spiralling ground rents. ...
Trouble in the Dales as holiday homes become the new buy-to-let image
Source : Guardian [Read Article] Saturday 1st of July 2017 06:00:06 AM
....At Second Estates, Malins says: “The number of second homes in the UK is just 1% of the overall housing stock. There are certain areas such as St Ives which are putting limits on new homes sold to second home buyers – and that’s entirely fair. ...
Record low interest rates send house prices SOARING for homeowners image
Source : Daily Express [Read Article] Wednesday 21st of June 2017 12:01:00 AM
....However prices are under pressure from the political and economic uncertainty of Brexit and the fallout from the disastrous General Election result for the Conservative Party. "There is no evidence to suggest that property prices are about to plummet, but homeowners and home buyers do need to plan ahead, and make sure they can cover the impact of interest rate rises on their monthly mortgage payments. ...
House sales in Greater London slump by almost a third in a year image
Source : Guardian [Read Article] Monday 12th of June 2017 06:01:18 AM
....The latest monthly index from estate agents Your Move found that in the three months to the end of April, sales in Greater London were down 29% on the same period in 2016. Much of the decline follows a government overhaul of property taxes that spurred landlords and other second-home buyers to rush through deals in March. ...
Buy-to-let landlords suffering tax increases plan to raise rents  image
Source : Daily Express [Read Article] Saturday 13th of May 2017 05:27:00 PM
.... Buy-to-let owners have also been restricted for tax relief claims on wear and tear. Furthermore, second home buyers must now pay additional stamp duty. ...
Taylor Wimpey apologises in leasehold dispute image
Source : BBC [Read Article] Thursday 27th of April 2017 10:45:30 AM
. Taylor Wimpey, one of the UK's biggest housebuilders, has set aside £130m and apologised to home buyers in a dispute over sharply rising fees. ...
Hove's BN3 postcode the most sought-after for 'young urbanites' image
....Brighton and Hove Albion's promotion to the Premier League has crowned a top weekend for the area, which has been named as a top property hotspot for young professionals. Hove's BN3 postcode area is the most sought-after location in England and Wales for home buyers aged between 25 and 44, according to Lloyds Bank. ...
Competition watchdog to examine warranties for new homes image
Source : Guardian [Read Article] Friday 7th of April 2017 06:30:36 AM
....co. uk, said: “The NHBC ‘premium rebates’ to plc housebuilders and the minimum claim value [for new home buyers], which is currently £1,550, are two areas I believe that require examination and investigation. ...
Bank still worried about personal lending image
Source : BBC [Read Article] Tuesday 4th of April 2017 11:26:26 AM
...."Dealership car finance had seen the fastest expansion in recent years, but credit cards and personal loans had contributed materially to the acceleration in consumer credit in 2016," it added. These elements of household borrowing - known as consumer credit - are dwarfed by the amount of money that has been lent to home buyers in the form of mortgages. ...
As demand rises, the reputation  of new-build homes is crumbling image
Source : Guardian [Read Article] Sunday 2nd of April 2017 05:59:46 AM
....Uttley’s ordeal highlights slipping standards as developers race to meet rising demand for new homes. A survey released this week by the National House Building Council (NHBC) shows that 98% of new-home buyers who responded reported defects and a quarter of those had identified more than 16. ...
Why Scott Morrison needs to ignore armchair treasurers before the budget | Greg Jericho image
....For Scott Morrison the pressure in this budget “pre-season” has been to deliver (as ever) for families, with the greatest focus on housing affordability. Already the waters have been tested with suggestions such as allowing first-home buyers dip into their superannuation – a policy that has met with rather tepid response (to say the least), and yet appears to still be a chance to feature in the budget. ...
Five-minute guide to…The resurgence of first-time buyers image
Source : Daily Express [Read Article] Sunday 19th of March 2017 12:01:00 AM
....Amateur landlords now make up just 8 per cent of market activity, Connells says, as the Treasury’s tax onslaught on the sector squeezes profits. Second home buyers have to pay a 3 per cent stamp duty surcharge on purchases, while wear and tear allowances have also been squeezed. ...
Buy-to-let landlords face huge tax increase from new law image
Source : Daily Express [Read Article] Sunday 5th of March 2017 12:01:00 AM
Bank of England makes obscure tweak to mortgage rules... now you can get a BIGGER mortgage image
....5 times their annual income could now jump in the following months, according to experts. The number of home buyers taking on the riskier loans could surge by 10 per cent, Ray Boulger, senior technical director at mortgage broker John Charcol estimates. ...
London home movers drops to lowest level since 1991, mortgage figures show image
Source : Daily Express [Read Article] Wednesday 22nd of February 2017 04:38:00 PM
....". Some experts have said recent stamp duty changes, which made the tax cheaper for the majority of home buyers but more expensive for the purchase of top-end homes, have had a dampening effect on the London market. ...
New home owners gagged over poor build and compensation claims image
Source : Guardian [Read Article] Thursday 16th of February 2017 07:00:34 AM
.... Critics of the organisation claim it is failing to protect consumers amid a wave of complaints about the quality of new-build properties. An industry source who advises new home buyers in the south of England said one family they were working with had received an offer from NHBC to buy back their troublesome new home and pay their removal costs as long as they did not disclose the agreement. ...
New mortgage helps buyers meet Stamp Duty costs  image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 12:01:00 AM
...." . Ms Springall said some alternative deals which may not offer as much cashback may however have lower rates - so it is important for home buyers to weigh up the overall costs of the deals available. ...
Left out in the cold over housebuilder’s reservation fee image
Source : Guardian [Read Article] Tuesday 7th of February 2017 07:01:07 AM
.... The Department for Communities and Local Government confirms that housebuilders who sign up to the Help to Buy Equity Loan scheme agree to “follow the Consumer Code for Home Builders”. This aims to ensure that new home buyers are treated fairly. ...
New homes warranty firm pays millions to leading homebuilders image
Source : Guardian [Read Article] Sunday 5th of February 2017 05:26:47 PM
.... Last month it was revealed that Bovis had paid the purchasers of new homes to move in early only for the buyers to find the property unfinished. The NHBC warranty is a form of insurance that is supposed to compensate home buyers or fix any faults in the new property if there are problems within the first 10 years. ...
UK's new towns surpass national average for house price growth image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:01:18 AM
....“Many of these new towns are within easy commuting distance of major commercial centres where property is typically more expensive, particularly in the south-east, where the average property price is well below that in London. “This makes them a highly popular choice with home buyers, explaining their relatively good house price performance, and this popularity has been particularly notable during the last decade. ...
First-time home buyers at highest level since 2007, Halifax says image
Source : BBC [Read Article] Friday 13th of January 2017 01:35:41 AM
. There were more first-time home buyers in 2016 than at any time since the start of the financial crisis, according to research by the Halifax. ...
Housebuilders must halt leasehold sale of new houses, says minister image
Source : Guardian [Read Article] Tuesday 20th of December 2016 05:16:06 PM
. Major housebuilders such as Taylor Wimpey and Persimmon may be forced to spend millions compensating home buyers locked into unfair leasehold contracts, following a warning by housing minister Gavin Barwell. ...
Mortgage market to plateau until 2018, lenders warn image
Source : BBC [Read Article] Thursday 15th of December 2016 11:31:15 AM
. The mortgage market is likely "to plateau" over the next two years, as home buyers are put off borrowing more, UK lenders have warned. ...
Housing worries image
Source : BBC [Read Article] Thursday 15th of December 2016 12:28:11 AM
BREXIT BOOST: House prices strongest since April as low supply pushes up values  image
Source : Daily Express [Read Article] Thursday 8th of December 2016 04:27:00 PM
....Overall 30 per cent more surveyors reported house prices rising rather than falling in November - the strongest figure seen since the Spring, according to the Royal Institution of Chartered Surveyors (Rics). Demand from home buyers also picked up, with 13 per cent more surveyors reporting a rise in new buyer enquiries rather than a fall. ...
Government promises to stamp out abuses of new-build ground rent scandal image
Source : Guardian [Read Article] Tuesday 29th of November 2016 07:00:42 AM
.... He said the couple were now trapped in an apartment they could no longer sell because the ground rent review clause in the lease was preventing lenders approving a mortgage. Clair Scott was another new home buyer devastated by soaring ground rents that have made her £200,000 mid-terrace three-bed house in Bolton, built only six years ago, almost unsaleable. ...
Letting agent fees banned in Autumn Statement in ANOTHER assault on UK's small landlords image
....Yet the Government has announced a series of measures that make it much harder for landlords to make a return. In April an extra three per cent stamp duty for second home buyers was introduced. ...
Bank of England clampdown on buy-to-let mortgages image
Source : Daily Express [Read Article] Thursday 17th of November 2016 04:38:00 PM
....The Bank of England has previously sounded the alarm over buy-to-let mortgages and said the boom in British landlords risks a house price crash. In a bid to deter property investment, former chancellor George Osborne introduced an extra three per cent stamp duty for second home buyers earlier this year. ...
Bank of England given new powers to curb risky buy-to-let lending image
Source : Guardian [Read Article] Wednesday 16th of November 2016 07:20:51 PM
....The Treasury is to give Threadneedle Street the ability to restrict the size of loan relative to the value of a property and also limit the size of loans relative to the amount of rent landlords receive to cover interest payments. It follows a consultation which was launched by the Treasury in December, at a time when the Bank was warning about the impact of the sector, because of concerns that landlords would be more likely to sell if they ran into payment difficulties; in turn, the markets could be flooded with properties and affect home buyers. ...
How insurers are watching you online, and is it time to switch energy provider? image
....Thousands of Tesco Bank accounts compromised by fraud. The ground rent scandal that is engulfing new home buyers. ...
The ground rent scandal that is engulfing new home buyers image
Source : Guardian [Read Article] Saturday 5th of November 2016 07:01:40 AM
....”. Clair Scott is another new home buyer devastated by soaring ground rents that have made her £200,000 mid-terrace three-bed house in Bolton, built only six years ago, almost unsaleable. ...
UK houses now cost six times annual wages, says Nationwide image
Source : BBC [Read Article] Wednesday 2nd of November 2016 07:25:49 AM
....Despite the fact that the house prices are so expensive relative to wages, low interest rates have made them more affordable. "The steady decline in borrowing costs over the same period has helped to lessen the impact on affordability for home buyers," said Robert Gardner, Nationwide's chief economist. ...
UK house prices: East and South driving rises, says ONS image
Source : BBC [Read Article] Tuesday 18th of October 2016 09:13:09 AM
....Recent surveys by mortgage lenders, the Halifax and Nationwide, suggested that annual increase in house prices had slowed in September compared with the previous month. The Royal Institution of Chartered Surveyors (Rics) has said that demand among home buyers has seen a modest recovery following "post-referendum jitters", having risen for the first time in seven months in September. ...
Home buyers 'back after Brexit jitters' image
Source : BBC [Read Article] Wednesday 12th of October 2016 11:00:56 PM
. Demand among home buyers has seen a modest recovery following "post-referendum jitters", according to surveyors. ...
Five-minute guide to getting covered for bad weather image
Source : Daily Express [Read Article] Sunday 2nd of October 2016 03:36:00 PM
....MAP IT OUT. Currently, home buyers can check flood risk using online maps provided by the Environment Agency and Natural Resources Wales. ...
House prices on Britain's most expensive street drop by £4m image
Source : Guardian [Read Article] Thursday 29th of September 2016 11:01:04 PM
....”. Earlier this month, the estate agent Savills said the “prime” central London markets – those where a typical property costs several million pounds – had been hit hard by “post-referendum uncertainty” and changes to stamp duty, including April’s 3% surcharge affecting landlords and second-home buyers. ...
Prime London property prices to fall 9% this year, says Savills image
Source : Guardian [Read Article] Wednesday 21st of September 2016 10:29:25 AM
....The firm defines the prime central London markets as those where the average property price is around £4m, which includes Mayfair, Knightsbridge and Belgravia. It said these markets had been heavily impacted by changes to stamp duty, including April’s 3% surcharge affecting landlords and second-home buyers, and by uncertainty over the government’s Brexit negotiations. ...
Mortgages for house purchases  fell in July, says CML image
Source : Guardian [Read Article] Wednesday 14th of September 2016 10:38:28 AM
....Smee said it would be “quite some time before a full assessment can be made” of the impact of the Brexit decision on the property market. Jeremy Leaf, former residential chairman of the Royal Institution of Chartered Surveyors, said the figures appeared to signal caution on the part of lenders and prospective home buyers ahead of the referendum. ...
Climbing the Australian housing ladder can be tough image
Source : BBC [Read Article] Tuesday 23rd of August 2016 01:09:24 AM
. Getting on the property ladder can be tough for home buyers the world over, but in Australia the property dream is slipping away for many. ...
Related to :
'Astronomical' prices image
Source : BBC [Read Article] Monday 22nd of August 2016 11:54:30 PM
.... It is becoming more and more expensive," explains real estate agent Trent Brewer. I ask him if he sympathises with first-home buyers in a city like Sydney?. ...
Top London home values to crash by up to SIX PER CENT this year, say experts image
Source : Daily Express [Read Article] Monday 22nd of August 2016 11:20:00 AM
. So-called prime property values in the capital are expected to fall largely as a result of the extra stamp duty introduced on second home buyers earlier this year, said Countrywide. ...
Ordinary people can't afford a home in San Francisco. How did it come to this? image
....All you need to know about San Francisco in 2016 was on display one recent Sunday at 83 McAllister Street, an office building turned into condominiums at the edge of the Tenderloin. Prospective home buyers tromped through an open house in a fifth-floor unit: two bedrooms, 430 sq ft, $599,000. ...
Top London homes see prices PLUNGE with values crashing more than SEVEN per cent image
Source : Daily Express [Read Article] Thursday 4th of August 2016 11:49:00 AM
.... Stamp duty changes over the last two years have provided the biggest dampener for the market, said Knight Frank. In April second home buyers were hit with an extra charge of three per cent, after stamp duty was increased for buyers above the £1. ...
Foreign home buyers face new tax in Vancouver area image
Source : BBC [Read Article] Tuesday 2nd of August 2016 04:42:57 PM
. A 15% property tax on foreign home buyers in the Canadian city of Vancouver has taken effect in an effort to create more affordable housing. ...

St Ives second home referendum backfires as housing market slows because outsiders don't feel welcome, estate agents warn
 image
....They are still able to buy older properties - but it is feared many second house-hunters are now looking elsewhere after not being made to feel welcome due to the public poll. Jeremy Miller, operations partner at Miller & Son, said sales in St Ives had "noticeably dropped" in recent months and argued that second home buyers have been left feeling cautious. ...
Bank of mum and dad used by 27% of first-time buyers image
Source : BBC [Read Article] Thursday 21st of July 2016 12:17:52 PM
. The number of first-time home buyers relying on the bank of mum and dad in England has risen sharply, according to official figures. ...
London house prices tumble but rest of Britain holds up post-Brexit image
Source : Daily Express [Read Article] Thursday 14th of July 2016 03:31:00 PM
.... The supply of homes coming on to the market across Britain has fallen since the EU referendum, showed Rics survey. The increased stamp duty on second home buyers and landlords is also behind the slowdown, said Rics. ...
Property funds fall, the lowest ever 10-year mortgage, and a car hire guide image
....Churchill says 13% of east London cars are uninsured. Spain opens the door for UK holiday-home buyers to reclaim lost money. ...
Shocked UK consumers ditch spending plans after Brexit vote image
Source : Guardian [Read Article] Thursday 30th of June 2016 11:03:26 AM
....On the parenting forum Mumsnet, people shared concerns about going ahead with house purchases, spending money on extensions, and the sort of reception they might receive when holidaying within the EU. One prospective home buyer wrote: “From all the data, it looks like we will be buying at what would be a peak. ...
House prices in pockets of Britain falling amid growing market uncertainty image
Source : Daily Express [Read Article] Tuesday 14th of June 2016 05:42:00 PM
....6 per cent over the month - a far cry from the huge increases that were seen in the years since the economic crisis. At the beginning of April an extra stamp duty charge of three per cent was introduced for landlord and other second-home buyers. ...
Property prices to FALL as landlord taxes ravage the housing market image
Source : Daily Express [Read Article] Wednesday 1st of June 2016 03:49:00 PM
....7 per cent, according to lender Nationwide. It's thought many prospective landlord investors rushed through sales in March to beat a three per cent stamp duty increase for second-home buyers. ...
House price inflation slows after stamp duty increase image
Source : Guardian [Read Article] Wednesday 1st of June 2016 10:34:09 AM
....House price inflation slowed in May to a rate of 4. 7% a year as second home buyers and landlords fell out of the market, according to Nationwide Building Society, but it added that a more prolonged slowdown is unlikely. ...
Stamp duty rush boosts March house prices, says ONS image
Source : Guardian [Read Article] Tuesday 17th of May 2016 10:46:11 AM
....”. Howard Archer, chief economist at IHS Global Insight said the underlying trend would be of weaker growth once buy-to-let investors and second-home buyers revert back to the normal trend. ...
Halifax raises mortgage borrowing age limit to 80 image
Source : Guardian [Read Article] Thursday 5th of May 2016 11:26:58 PM
....Mortgage lending surged 64% to £17. 1bn in March – the highest figure since April 2008, just before the financial crash struck – as buy-to-let speculators and second-home buyers rushed to beat an increase in stamp duty, according to the British Bankers’ Association. ...
Barclays offers 0% deposit mortgage to home buyers image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 11:01:11 PM
....The no-deposit mortgage has returned, with Barclays removing the need for buyers to put down any deposit when buying a home using its “family springboard” mortgage. The deal had previously allowed people to climb on to the property ladder with a 5% deposit, provided that a “helper” – often the home buyer’s parents – puts cash equating to 10% of the house purchase price into a savings account linked to the mortgage. ...
Barclays offers 0% deposit mortgage to home buyers image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 11:01:11 PM
....The no-deposit mortgage has returned, with Barclays removing the need for buyers to put down any deposit when buying a home using its “family springboard” mortgage. The deal had previously allowed people to climb on to the property ladder with a 5% deposit, provided that a “helper” – often the home buyer’s parents – puts cash equating to 10% of the house purchase price into a savings account linked to the mortgage. ...
Lloyds Banking Group reveals surge in buy-to-let lending image
Source : Guardian [Read Article] Thursday 28th of April 2016 08:58:38 AM
. Lloyds Banking Group, the UK’s biggest mortgage lender, has revealed a surge in activity by buy-to-let and second-home buyers in the run-up to tax changes in April. ...
Mortgage lending for March returns to record high of £17bn image
Source : Guardian [Read Article] Tuesday 26th of April 2016 10:25:26 AM
. Mortgage lending surged dramatically in March, returning to the peak levels last seen before the financial crash, as buy-to-let speculators and second home buyers rushed to beat the stamp duty tax deadline. ...
Cornwall council poised to BAN second home owners from buying new property image
Source : Daily Express [Read Article] Thursday 14th of April 2016 04:24:00 PM
....Residents in St Ives will next month vote whether to restrict ownership in new developments to buyers who will live there full-time. Housing projects that propose to sell to investors or second home buyers would be refused planning permission, if voters back the plans. ...
UK house prices pick up pace with 10.1% annual increase image
Source : Guardian [Read Article] Thursday 7th of April 2016 08:54:06 AM
....1%, the strongest since the three months to July 2014. Analysts said this suggested that the rush by buy-to-let landlords and second home buyers to beat April’s rise in stamp duty pushed prices up. ...
House prices leap to new highs amid rush to beat landlord tax image
Source : Daily Express [Read Article] Friday 1st of April 2016 05:24:00 PM
....". In the following months price growth is expected to dive as investors are deterred and home buyers struggle with affordability. ...
National price hike day: Millions hit with higher bills from TODAY image
Source : Daily Express [Read Article] Friday 1st of April 2016 12:05:00 PM
....7 per cent. An extra three per cent stamp duty charge for landlord and second home buyers also takes effect today, adding thousands of pound to the cost of buying a property. ...
Australian house price growth in capital cities hits 31-month low as market cools image
....4%. Related: Australian first-home buyers face higher than ever loan default risk, says report. ...
Home extension or loft conversion 'can add 20% to house value' image
Source : Guardian [Read Article] Sunday 27th of March 2016 04:12:24 PM
.... Meanwhile, adding a decent-sized extra bedroom has the potential to boost the value of a home by 11%, or £22,100. Robert Gardner, chief economist at Nationwide, said home buyers were prepared to pay more for extra usable space, as this was often associated with better quality accommodation. ...
Source : Reuters [Read Article] Thursday 24th of March 2016 09:42:00 AM
.... It appears that borrowers are continuing to try to get ahead of the. increases in stamp duty for buy-to-let and second home buyers scheduled to come into effect next month," BBA chief economist Richard Woolhouse said. ...

Page rendered in 2.1614 seconds.