home ownership

home ownership

Alternative analysis of the PRS reveals more private renters than previously thought

10 January, 20170 Comments
A think-tank has recently claimed that home ownership is far lower than is widely believed in the UK, meaning that the private rental sector is much larger than previously thought. The Resolution Foundation claims that, for example, a person who buys a house and then takes in lodgers counts in formal statistics as an owner-occupier;
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40,000 private renting tenants abducted by aliens in 2015…

11 August, 20161 Comments
Britain’s Benefit Tenants returned last night for a new series on Channel 4, with yet more tales from the sharp end of the benefits system. With council housing stock shrinking and home ownership gradually decreasing, more tenants than ever before are finding themselves on benefits. So with many falling into rent arrears, agencies specialising in housing benefits
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As Home Ownership hits 30 year low, rent guarantee insurance popularity increases

02 August, 20161 Comments
New research reveals major cities across the UK are experiencing the lowest levels of home ownership since the 1980’s, following a peak in the early 2000’s. In 1986 the average first time buyer could purchase a home for just £30,000, which would barely cover a deposit in 2016 – the average first time buyer now has to find at least £150,000 in today’s market. Firmly
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Proposed Stamp Duty Land Tax Changes for April 2016

01 March, 20160 Comments
You may already be aware that in its Spending Review and Autumn Statement published in November 2015, the Government announced its plans, in certain circumstances, to introduce a higher rate of Stamp Duty Land Tax from the 1st April 2016. What You Need to Know These proposed changes were part of a consultation which ended
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67% of the UK’s private rented stock are up to standard

15 April, 20140 Comments
The Chartered Institute of Housing’s UK Housing Review 2014 has revealed that 33% of the UK’s private rented homes would have failed the Government’s Decent Homes Standard in 2012. 15% of social rented homes also failed to meet the standard in 2012, down from 29% in 2006. Many property news websites have reported on this
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” Be open about your financial past before embarking on home ownership ” urge Equifax

04 February, 20140 Comments
Leading online credit information provider, Equifax, is urging couples looking to purchase their first home together to reveal any financial commitments they may have kept hidden from each other, before entering a new shared financial agreement such as a mortgage to buy a property. The warning comes as tougher affordability rules are set to be
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