Expert views
Commentary submitted by Aneisha Beveridge in their own words.
Back to profileNumber of new homes receiving planning permission down by a fifth, figures show
The sharp fall in planning permissions highlights the scale of the challenge facing the Government if it is serious about delivering 1.5 million homes.
54% of parents ‘return rent paid by adult children to help them save a deposit’
For many young adults, living at home has become one of the few effective ways to build up a deposit. Even when they’re contributing towards household costs, they’re often able to save far more than they would if they were renting independently.
Rental hotspots where competition for homes was strong over the summer revealed
Rental growth is beginning to gather pace again after a fairly subdued period, with much of that momentum coming from markets outside London.
First-time buyers account for majority of mortgage sales but stretching deposits
The rise in higher loan-to-value lending reflects the fact that lenders have become more comfortable extending larger loans to first-time buyers, supported by changes to lending regulations and a wider range of more innovative mortgage products aimed at those with smaller deposits.
Mortgage ‘pain’ not easing for borrowers as average fixed rates climb
First-time buyers face a big jump, with repayments rising by an average of £155 a month when they come to the end of a two or five-year fixed deal.
Mortgage lending increases despite elevated rates for homeowners
Overall, the latest figures suggest the housing market remains resilient.
Angela Rayner rules out rent controls and admits 1.5m homes goal ‘challenging’
While controls can offer short-term relief for existing tenants, they do little to make renting more affordable in the long term.
UK hotspots for consistent growth in home values revealed by property website
The UK’s housing market has become increasingly fragmented over the last five years.
More than five million homeowners face higher mortgages, says Bank of England
That uncertainty is weighing on activity across the housing market.
Annual UK house price growth picked up in June, says Nationwide
Growth across London and many Southern markets remains subdued.
Bank of England holds interest rates at 3.75% but says inflation still to rise
Today’s hold from the Bank of England was widely expected, but it comes as confidence in the housing market is being tested.
Sharp 3.8% annual rise in house prices recorded in April as experts explain why
While headline house price growth picked up in April, it’s the shift within the market that stands out.