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Liverpool L1 district comes out top as one of the best up and coming home areas

There are a number of areas in the UK where it is possible to buy a home at below the current national average of £200,000, often these areas where it is seen, as well as predicted, that there will be a strong price growth.

In a recent survey which was undertaken by consumer organisation Which? Mortgage Advisors, using data from the Land registry, the central Liverpool district postcode L1 comes out as the top destination for a home below the national average, which is also on the up. This district saw a property price increase of 41.2% in the last year and the average property of £85,000 increased in value from December 2011, to an average of £120,000 for the year to November 2015. (more…)

Buy to let and second homes stamp duty rates revealed

In the Autumn Statement the chancellor George Osborne announced that there was going to be a new range of stamp duty charges for anyone who bought a second home in the UK, which of course included buy to let investments. At the time he said that the rates would be revealed following the budget proposals and details of these charges UK have now been provided by the Treasury.

Widespread support for UK build to rent sector in Parliament according to recent poll

It is not often that parties in Parliament put aside their differences, but a recent poll has shown that it can be possible as 81% of MPs say they support the build to rent sector and the contribution it makes to the UK housing supply. Significantly 62% believe that it will make a much higher contribution in the supply of housing in the next five years. The figure released show that the measures have the support of 71% of Labour MPs and 91% of Conservatives.

UK bridging loans reached record highs in 2015

Bridging loans were traditionally a means to complete the purchase of a property when the completion dates between the new purchase and the property being sold did not coincide exactly, and they were designed to be on a short term basis, usually with a very high interest rate added.

New house starts up by 6% in 2015

It has to be good news that more than 143,500 new homes were started in England last year, this is an increase of 6% year on year, and we can report that it is the highest level seen since 2008, in fact nearly double that year which was a low point. Whilst the figures are very encouraging and is what the government and house hunters need, there is still concern about the slowness of the planning system.

Three times more million pound properties expected within fifteen years

Within the short space of fifteen years the number of million pound properties in the UK is expected to triple and unsurprisingly 25% of these will be in London. A new study by Santander Mortgages has shown that by 2030 the housing stock in the capital will see one in four properties valued at more than a million pounds. That is an average of course as in two London boroughs the number of properties at the million pound mark will be over 70% which illustrates the growing geographical divide.

Severe shortage of property pushing up asking prices

Call it supply and demand, or market forces, but the result of any shortage is usually an increase in price and the property market is not immune from this. The shortage of property being put onto the market in England and Wales has resulted in prices that keep rising.

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