First time buyer activity leaps in March

First time buyer activity has peaked in March, whilst the buy to let was increasing as landlords were rushing up to finish before the stamp duty increase. According to Your Move & Reeds Rains’ latest first time buyer tracker,  total first time buyer transactions were more than 32,000, the highest monthly total since June 2014. Read More

Growth of rental market in Prime London cools down

The London prime rental market is starting to cool after a year of record breaking growth with rents either stable or slight growth for a third quarter in a row. According to Benham & Reeves Residential lettings, this follows last year 2015 which saw record growth for the first two quarters before finally slowing as Read More

Residential and Buy to let lending surges year on year

Lending to both residential buyers and property investors has risen over the last year but experts warn there is a slowdown. According to Council of Mortgage Lenders, homeowners have borrowed £8.7 billion for house purchases in February, which is up 4% than the previous month and 21% more than 2015. First time buyer borrowing jumped Read More

House price rose 7.6% in 2016

UK house prices rose 7.6% in the year to February and property experts expect the growth to continue. According to National Statistics, this price rise has marked a slight dip from 7.9% in January but the market remains optimistic with the average UK home now costing £284,000. London posted the highest average house price at £524,000 Read More