January 31, 2012
According to research done by Halifax, buying a home in the UK is over a £100 a month cheaper than renting. The typical monthly cost of buying a three bedroom house was £600 towards the end of 2011, making it £116 lower than the average monthly rent of £716 paid on the same property.
This will be welcome news for December’s mortgage seekers when mortgage approvals reached a 19-month high and grossed some £9bn.
Martin Ellis, housing economist at Halifax, said: “The affordability gains for buyers relative to renters in the last three years have been significant. The average mortgage payment has fallen dramatically over recent years as a result of falling house prices and mortgage rates. At the same time, rents have risen due to strong demand for rented accommodation.”
source: the Telegraph
December 7, 2011
Thinking of moving in the New Year? Here are our top tips on how to get your property ready to sell and secure the best possible price
January is a popular time for homeowners to market their property. Follow our simple tips to prepare your property for the market and make your home more attractive to prospective purchasers.
October 13, 2010
Another hindrance has been added to the already painful process of selling a house. Vendors should be aware that insurance companies, hit by rising numbers of claims, have developed a habit of refusing to insure houses they consider a poor risk, just as contracts of sale are about to be exchanged.