News

East of Exe selected for pilot

24/01/12

DEVON ESTATE AGENT BACKS PIONEERING HOME SALES SERVICE AssuredSale.com offers a unique service providing commitment at the point of verbal offer for both sellers and buyers during the sale process A Devon estate agent has become the first in the region to pilot the innovative new scheme that could dramatically reduce the fall-through rates of house sales, a long-standing problem in the UK housing market. Leading Exeter…

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Stamp duty latest

09/01/12

It’s more bad news for first-time buyers. According to a recent report by the Halifax, one third more first-time buyers will have to pay Stamp Duty this year than last. Despite the fact that housing affordability has, on paper, improved (with the average price paid for a first home having dropped to £135,160 nationally), the temporary increase in the starting threshold for Stamp Duty, from £125,000 to…

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Welfare not covering rents

05/01/12

In a report commissioned for The Guardian newspaper, the Chartered Institute of Housing has estimated that caps to welfare payments that come into force this week will make 810,000 homes unaffordable for tenants on housing benefit and in private rental accommodation.  The caps will see the maximum LHA payable fall to between £250 and £400 per week, depending on the number of bedrooms. The knock-on effect of…

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Solar PV – the latest news

28/12/11

Confusion still reigns with regard to the Feed in Tariff for solar PV with the government appealing against last month’s court ruling that the decision to effectively impose cuts to feed-in tariffs before the end of the consultation period – ie, April 2012 – was ‘retrospective’ and ‘unlawful’. As it stands, domestic customers will receive a reduced tariff of 21p per unit (kilowatt hour) for solar PV…

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Increasing reliance on credit

22/12/11

A recent survey carried out by YouGov for Shelter last month has revealed that somewhere in the region of seven million mortgagees and tenants are relaying on credit to pay their monthly housing costs, with many resorting to taking payday loans from lenders demanding an extortionate 4000% APR. The trend is worrying as clearly this level of reliance on credit for basic housing costs is not sustainable. …

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Sellers & the economic downturn

17/12/11

Results issued by HM Land Registry at the end of last year allow an objective analysis of the housing market in 2011.  And it seems that many sellers are refusing to accept that their house may no longer hold the same value as it did when the market peaked in 2008. Of those who successfully sold their homes, the statistics show that the actual selling price was…

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