Property

By Bea Patel, TLE Property Editor and Director of Shop for an Agent - the estate agent comparison website An alarming 64 per cent of UK homeowners renovating their property were unaware that not being properly insured when undertaking building work could put them in breach of the terms of their mortgage. A further 55 per cent didn't tell their home insurer when doing structural work to their property, resulting in a potential £2.77bn of uninsured property in the UK....

By Bea Patel, TLE Property Editor and Director of Shop for an Agent The youngest city in Europe, with 50 per cent of its population under the age of 30, Birmingham is a city full of drive, ambition and entrepreneurialism. This is already clear from the city's booming life science, creative and tech industries. Now, Birmingham is lining up to show Britain's cities how to future-proof against the coming economic uncertainty when the UK finally begins the formal process of...

The real 4 Privet Drive from the Harry Potter movies has gone on sale in Martins Heron, Bracknell. The detached family home was picked from hundreds for use as the Little Whinging set in 2001 and is now on the market for £475,000, the Independent has reported. Complete with the cupboard under the stairs, Potter fans now have the opportunity to re-live the repressed childhood of the boy wizard in the house of the horrible Dursleys. However, buyers will have three other...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent The spiralling cost of home ownership in the UK has continued to see many priced out of the market, with those fortunate enough drawing on the bank of mum and dad as the only option in getting that first foot on the ladder. However, research by eMoov found that it isn’t just those at the start of the property ladder struggling to get by in the current...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent New research reveals areas who voted for the UK to leave the EU have seen a positive effect on their local property market. But areas that voted ‘Remain’ have seen a significant drop in activity. The figures demonstrate the ‘psychology of Brexit’ and its impact on property market confidence for the first time. The research conducted by haart estate agents looked at registrations, listings and sales data...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent On 4 August 2016, the Bank of England (BoE) cut interest rates from 0.5 per cent to 0.25 per cent after a record seven years. The record low cut comes as an attempt to offset the threat of a post-Brexit vote recession. When Britain voted to leave the EU, buy-to-let appeared to be an early casualty. Investors held back due to the uncertainty of post-Brexit or its...

Sellers’ Market Following the recent news that property sales in London are up almost 40%, it would appear that now is as good a time as many to cash out of the big city while you can. With further Interest rate cuts by the Bank of England on the horizon (meaning more buyers buoyed by cheap mortgages to sell to) there is, if not already, a captive market desperate for London properties. So sought after is London as a place...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent The Mayor of London, Sadiq Khan, has approved plans for the first major housing development at the Old Oak regeneration site in West London. The Oaklands development will see 605 new homes built, together with a nursery, health centre and commercial space. A target of 50 per cent affordable housing has been agreed for the development, following an intervention by the Mayor to boost the number of...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent The Bank of England has cut interest rates from 0.5 per cent to 0.25 per cent after a record seven years. The cut comes as an attempt to offset the threat of a post Brexit vote recession. Many homeowners will immediately benefit from reduced monthly mortgage repayments of the back of this cut, but this applies to borrowers with tracker mortgages, whose rate is linked to the...