Renting 47% cheaper than mortgage repayments in London

New property statistics have revealed renting could be the new buying for Londoners. Last year the average flat in London sold for £556,146, with terraced properties going for £666,852 on average and semi-detached homes fetching £654,761. The surge in property values has resulted in hefty mortgage repayments, which are now 47 per cent more expensive than rent in the capital. The research also revealed that it takes first-time buyers eight years to save for a deposit, with those looking to...

A Rare Opportunity For Homebuyers as UK Housing Prices Stagnate

It's no secret that the housing market in the UK has significant structural issues. Market forces and economic conditions have been such that home prices and demand have continued to surge for months on end, pricing many out of the market. In London, as in many other parts of the country, homelessness has been running rampant, even among those who are gainfully employed. All in all, it has been a rough few years for all but the wealthiest Britons, who...

Why right-sizing is an option in retirement

Many older people still live in a large family home that they simply don’t need any more. Their children have grown and gone, and they have either expanded their lifestyle to fill the space, or more commonly, they have shut the door to unused bedrooms, and now live in just part of the property. Yet they still have all of the heating bills, all of the council tax and all of the mortgage to pay for, as well as all...

Win a Fellowes productivity-boosting office makeover

The London Economic (TLE) and office product specialists Fellowes are teaming up to offer one lucky company the ultimate productivity-boosting prize… an ergonomic office equipment bundle. Is your office making you less productive? Equipment poor? Uncomfortable at your desk? All of the above? Well, you’re not alone. According to Fellowes’ Productivity in 2018 report, 60% of office workers believe their business has productivity issues with the average worker being un-productive for an hour and a half every day. Not only...

Most affordable places to rent in London revealed

Bexley in South East London is the most affordable place to rent in London, according to new data. Divided equally a four bed property costs £408.38 a month on average. This is 35 per cent cheaper than the average cost of renting a room in London, which was found to be £629 per month according to the Government’s April 2017 – March 2018 Private Rental Market Summary Statistics. Bexley station is situated in Travelcard zone 6 and is around 14 miles...

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