Latest News from Orchards of London
FTB affordability at 8 year high
Affordability for first-time buyers was at its most favourable level at the end of 2011 since 2003, according to the latest annual Halifax First-Time Buyer Review.
Landlord mortgage arrears set to rise as tenants struggle with rent
Arrears are set to rise in the buy-to-let market, as more landlords face having to deal with tenants who cannot keep up their rent payments.
Repossessions set to rise in 2012 but remain low
Repossessions are set to rise by around 7% in 2012 before falling back in 2013 according to a regional repossession forecast produced by HML, a leading service provider to the mortgage lending industry.
Three quarters of FTBs locked out of market
Only 23% of potential first-time buyers will be able to purchase in the next 12 months primarily because of a lack of deposit, research by Rightmove has revealed.
Halifax: House prices static in 2012
House prices in the UK will experience little change from -2% to 2%, Halifax has predicted in its UK Housing Market Outlook for 2012.
Winter property tips
Winter conditions affect everyone and so we felt it might be useful to outline some simple actions that homeowners and tenants should undertake in order to avoid potential problems.
Report says a third of people struggling to afford rent
One in three private sector renters is struggling to afford their rent every month, new research claims.
Report says tenants face winter rent rises
Over a third of landlords say they will increase rents over the next six months due to the strength of demand, research from BDRC Continental revealed.
Government housing plans will boost Buy To Let
The Government’s housing strategy will boost the buy-to-let sector and should provoke further debate on tenant rights and the need for a landlord register.
Government scheme: new build indemnity
A new strategy to tackle the housing shortage, boost the economy, create jobs and give people the opportunity to get on the housing ladder has been announced by the Prime Minister and the Deputy Prime Minister.
