Essential Documents Needed for a Commercial Mortgage Application: A Comprehensive Checklist
Getting a commercial mortgage can be a big step for your business. The process involves gathering important documents to show lenders you’re a good bet. These papers prove your financial health and business plans. To apply for a commercial mortgage, you’ll need to submit details about your business, financial records, and property information. This includes […]
UK’s housing market is now being driven by the over 50s
The UK’s housing market is increasing driven by older, affluent individuals already firmly entrenched in home ownership, in the latest sign that younger generations are being squeezed out. The cost-of-living crisis, skyrocketing interest rates and stubbornly high house prices have made it increasingly hard for younger generations to move up the housing ladder, research from […]
August’s house sales grew by 7.6% – and a stamp duty cut is mooted
The number of house sales in August was 7.6% higher than in the same month in 2021, HMRC has revealed. The data shows that house sales were also 1.7% higher than in July. The figures are provisional seasonally adjusted estimates of the UK’s residential transactions and in August there were 104,980 properties sold. However, HMRC […]
Slow-to-sell property hotspots and the price cuts sellers are taking to attract a buyer
Research by property purchasing specialist, HBB Solutions, reveals that properties which are slow to sell command an average price of up to -17% below England’s overall average house price with the biggest slow-seller markets found in London and the South East. Despite England’s housing market running red hot since 2020, some homes are still lingering […]
Demand for homes in rural areas rises due to the pandemic
London firm Urbanist Architecture has seen a 65% increase in enquiries for homes in the countryside since Q4 2019, research from architecture and planning firm Urbanist Architecture has found. With the UK population confined to their homes for the majority of 2020, lockdown has caused an increasing number of city dwellers to rethink their current […]
Some Of The Best And Worst Places To Buy Property In The UK
Every investor wants to be sure they’re making the right decision with their next investment, and location plays a big part in the success of any property venture. Certain areas of the UK are more prosperous than others when it comes to the housing market, with more opportunities and potential found up North compared to […]
Sustainable housing, the UK’s second biggest problem?
EA reports on key takeaways from our inaugural Building Sustainable Towns & Cities conference, with the housing crisis arguably the biggest conundrum facing UK government aside from Brexit. With the battle to deliver the government’s ambitious housing target of 300,000 new homes per year – and with consideration of environmental impacts, climate resilience and net gains […]
‘Gentrification’ makes Glasgow property market most buoyant in Scotland
Glasgow can boast the most buoyant housing market in Scotland and some of the quickest sales turnaround times in the UK, according to property experts. The healthy state of the market has been put down to a series of property hot-spots and the continued “gentrification” of the east end of the city. Glasgow is said […]
Finding solutions to the UK’s housing crisis
Larry Elliott suggests five steps to fix the housing market (Britain’s broken housing market – and how to fix it, 9 October) which include Kate Barker’s idea of “acquiring” large sites abutting urban areas at a modest premium to their existing use. That would effectively part-nationalise development value and might help supply, although the Tories wouldn’t […]
More than 10,000 extra homes planned for Shropshire – with some on green belt land
Shropshire Council is reviewing its local plan, moving it forward by ten years. The plan is now set to be presented to cabinet on October 18. Although almost 19,000 homes are already set to be built in the county, the plan says a further 10,000 will be needed by 2036. Adrian Cooper, planning policy manager […]