New build, construction or renovation terminology

[ad_1] When buying a new build property or renovating an existing property there is sometimes a lot of terminology that developers and builders will use to explain the build process and the stages that the decoration will go through before the property is complete. Some of the phrases you may already know and some of which…

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April loans lull as lenders reflect economic uncertainties

[ad_1] April sees 57,512 house purchase approvals, down 19.4% from March, as economic uncertainty prompts caution within the lending market On an annual basis, house purchase approvals fall 14.9% from 67,594 completed in April 2015 Proportion of small-deposit lending climbs to 19.1%, up from 17.1% in March to total 10,985 loans, as first-time buyer borrowing begins to…

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London house prices break through the £600k barrier

[ad_1] London house prices break through the £600k barrier – England & Wales House Price Index, April 2016 Home values in London double over the last seven years, rising 11% year-on-year in April – more than any other region Fastest year-on-year house price growth across England & Wales since December 2014 – up 8.9% annually…

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Making the Bank of Mum & Dad benefit parents as well as their kids

[ad_1] The Bank of Mum & Dad was trending on Twitter earlier in May after research from Legal & General found that it was on track to lend over £5 billion in 2016*. The research showed that 25% of all property transactions this year will involve support from family and friends, providing deposits for over 300,000…

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First time buyers make their mark in March

[ad_1] First Time Buyer Tracker, March 2016 The number of first-time buyers in March leaps to a total of 32,500 – the highest figure since June 2014 FTB volumes grow by almost half (47.7%) on a monthly basis, stepping up a gear from 2016’s steady start Comes as average purchase prices paid by FTBs dip…

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first time buyer Anika makes an offer

[ad_1] We’ve been following the journey of Anika, a first time buyer. In the third of our series, Anika has found a property to buy and is ready to make an offer. ‘I live in a small village and know the people whose house I’m interested in buying. They are friends of friends of mine so…

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help to fund the purchase of your first home or your retirement

[ad_1] To help younger people face the challenge of buying a first home there have been a number of government incentives introduced. Recently, as part of the Chancellor’s Budget, a new tax efficient flexible savings option called the Lifetime ISA (LISA) – which provides support to those saving for retirement too – has been introduced.  So…

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