Blogs

New-build homes to be sold as freehold as 'unfair' leasehold practices are outlawed

Thu 18 Oct 2018

New-build homes to be sold as freehold as 'unfair' leasehold practices are outlawed

Most new-build houses will now be sold as freehold as the Government moves to outlaw "unscrupulous" practices in the leasehold sector. Meanwhile, ground rents will be capped at the nominal sum of £10 a year.

A consultation on the proposals has now been launched by Communities Secretary James Brokenshire.

Read More
London community land trust's £1m boost to self-build homes

Mon 08 Oct 2018

London community land trust's £1m boost to self-build homes

A community land trust in south London has been given a funding boost of almost £1 million to self-build affordable homes for local residents. The Rural Urban Synthesis Society (RUSS) has received £988,000 from the Mayor of London's Innovation Fund to build 33 homes in Lewisham.

Read More
New watchdog will protect interests of new-build homeowners

Wed 03 Oct 2018

New watchdog will protect interests of new-build homeowners

Homeowners who buy a new-build property are to get the protection of a new homes ombudsman behind them. The Government has announced the creation of the watchdog to protect the interests of new-build buyers and ensure developers are held to account when there are problems.

Read More
Radical leasehold property reforms proposed by Law Commission

Thu 20 Sep 2018

Radical leasehold property reforms proposed by Law Commission

The current leasehold property system in England and Wales is too complex, slow and expensive, says the Law Commission. And it’s come up with a radical set of proposals to reform the system to make it fairer to both leaseholders and freeholders.

Read More
Remortgaging at record high as homeowners move to fix rates

Thu 13 Sep 2018

Remortgaging at record high as homeowners move to fix rates

UK homeowners are moving to remortgage in record numbers as speculation over further interest rate rises grows. July saw the highest number of remortgages in more than a decade as existing homeowners borrowed £8.7 billion when they switched lenders.

Read More
Additional affordable homes planned for London Olympic legacy sites

Tue 11 Sep 2018

Additional affordable homes planned for London Olympic legacy sites

Thousands of new affordable homes are to be built in east London over the next decade. The Mayor of London, Sadiq Khan, says the homes will be created on three sites in the Queen Elizabeth Olympic Park.

Read More
Londoners look north as they move out of the capital

Tue 04 Sep 2018

Londoners look north as they move out of the capital

More Londoners than ever are moving out of the capital. New research has revealed that around 30,000 quit London living in the first six months of this year, up 16 percent on the same period a year ago. That's also up an incredible 61 percent on the first six months of 2008.

Read More
Fridaysmove has the transparent, fixed fees you need for conveyancing

Mon 20 Aug 2018

Fridaysmove has the transparent, fixed fees you need for conveyancing

Choosing an online estate agent can save you thousands on the sale of your property. But some sellers are being lured into a trap of choosing the conveyancing services offered by the online estate agent – and that can be a costly error.

Read More
Low-cost conveyancing services for remortgaging from Fridaysmove

Wed 15 Aug 2018

Low-cost conveyancing services for remortgaging from Fridaysmove

More homeowners are remortgaging than ever, says UK Finance. In July, 37,400 UK homeowners remortgaged their existing property, up 8.4 percent on the same month a year ago.

Read More
Borrowers to be offered cheaper alternative mortgage products

Thu 09 Aug 2018

Borrowers to be offered cheaper alternative mortgage products

Almost 60 lenders in the UK residential mortgage market are to help borrowers move to an alternative product that offers better repayment rates. The homeowners involved are up to date with repayments but can’t switch to a better mortgage deal because of stricter affordability criteria.

Read More