Inventory clerks happy to go the extra mile despite being under pressure

The Association of Independent Inventory Clerks is reminding letting agents, landlords and tenants that one of the reasons they engage its members is because they are independent. Danny Zane, chairman of the AIIC, says: “As an association we like to know what drives our members. Time and again our members tell us that they are proud of having no direct links to the landlord, agent or tenant because this allows them to carry out their job in the manner that is professional, impartial and…

UK property demands are changing: how should investors respond?

Housing needs in the UK are changing amid declining levels of home ownership and lifestyle shifts. Rather than the traditional ‘buy-and-hold’ model, residential housing needs are shifting towards developments that are built for rent and aimed towards a specific demographic who are at a particular life stage. As such, funding needs are changing to support these types of developments and this should lead investors to consider new ways of accessing the property market. For many years, the typical approach to property investing has…

Property sales in Blackpool up 17% during 2018

Famous for its iconic tower, sticks of rock and miles of golden beaches, the family favourite seaside resort also boasts some of the lowest house prices in the UK and is currently one of the UK’s hottest property markets. Housesimple looked at the latest completed property sales data recorded every month by the Land Registry, which revealed that the number of houses sold in Blackpool increased by 17% between Q2 and Q1 2018, more than any other major town or city in the UK.…

New research shows that the majority of renters have no contents insurance

The latest research from Sainsbury’s Bank Home Insurance has found that as many as 55% – some 8.4m renters, don’t have any contents insurance and are leaving themselves unprotected by having nothing in place. Of those renters who do have contents insurance, 16% take the time to compare the cost of different providers and then switch if they find a better offer. Homeowners are more proactive with 22% comparing the costs of providers and switching to a better deal. Homeowners are also savvier…

Industry set to ‘smash’ government target after new build completions see 6.4% year-on-year rise

According to the latest government statistics, new build completions accounted for 195,290 of supply in 2017-18 in the year to April – a rise of 6.4%. The figures also reveal that housing supply in England has increased to 222,190 during the period – up 78% in five years. The Home Builders Federation welcomed the stastics and said that, with housing supply totaling 629,000 over the past three years, the industry was set to “smash” the target set by the government to build 1…

What are the most common mistakes made by house sellers?

Getting a fair price in a timely manner from a good buyer is all a seller wants at the end of the day. However, sometimes there may be things that vendors do which can prevent this from becoming a reality. NAEA Propertymark reveals the most common mistakes made by sellers, which tend to affect their sale. Overpricing The first thing your buyer sees is the price, so when it comes to valuing your home, it’s got to be done right. An overpriced…

Housebuilder Bovis on track for record year

Despite acknowledging that uncertainty surrounding Brexit is having an effect on some buyers, Bovis Homes has said that it remains on track for a “record year” of profits for 2018. The housebuilder issued an update and said that it was fully sold for its targeted FY 2018 completions and anticipated delivering “another controlled and disciplined period end” in December. Bovis said it was continuing to deliver high levels of customer satisfaction, with its HBF Customer Satisfaction score for the year from October 1…

Brits now spending more on outside lighting to ‘boost mood’

As the daylight hours get shorter and dark nights draw in, many Brits are attempting to lighten the mood by lighting their outdoor space. New research has found that Brits are investing in making the most of their days by spending a large part of their average £350 per year lighting spend on areas such as balconies, gardens, and yards. According survey of 1,000 UK adults carried out by lighting supplier LED Hut, 28% of respondents said they spend more on their outdoor…

Top tips for a successful move to a top school catchment area

New research from home moving company, AnyVan.com, has revealed that as many as 56% of home movers now strive to live in the catchment of schools ranking high in performance tables, sparking fierce competition. School admission criteria differs between local authorities, however catchment is usually a key factor. The level of importance families attribute to local school performance also differs throughout the UK. Londoners scored the highest, with nearly three quarters (72%) of people in the capital indicating local school statistics are an important…

Property buyers in Hertfordshire £850k better off than renters

New research by Countryside has found that tenants of a typical home in Hertfordshire would be approximately £855,477 better off over 25 years if they bought the property instead after comparing the lifetime gain or loss of someone renting a property to the lifetime gain or loss of buying. As a buyer will own an asset once they have paid off their mortgage, this is creating a remarkable divide between buyers and renters, leading to a property divide whose wealth will be substantially less…