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Five essential things every first-time renter must do before signing the property lease dailyrecord.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyrecord.co.uk Daily Mail and Mail on Sunday newspapers.
19 th April 2021 10:11 am Average asking prices jumped by 2.1% in the month to April and by 5.1% year on year to reach a record £327,797, according to the latest index from Rightmove. The increase of £8,733 was only the second time in five years that prices have jumped by more than 2% in a month. Properties are selling at their fastest rate on record, with the average time from listing to an offer being agreed reducing to just 45 days in April. Almost one in four properties that had a sale agreed in March had been on the market for less than a week, which is the highest rate ever recorded. ....
The housing market has once again been kicked into life, according to Tahir Farooqui, chief executive of Canopy. Early March saw the extension of the stamp duty holiday, causing a fresh wave of demand from people looking for new homes and hoping to benefit from slashed costs. Farooqui warned, however, that this is causing an artificial inflation of house prices across the UK, as sellers seize the opportunity to up asking prices and buyers compete for available homes. He said: “As a result, it’s all too easy for hopeful first-time buyers to fall behind in the race. “While 95% mortgages will be reintroduced this month, the problem remains that hopeful homeowners need to be considered creditworthy enough to secure a suitable mortgage in the first place. And in a competitive market, this is even more difficult.” ....
Tenants locked in deposit feuds have been awarded 50 per cent more money back than their landlords when disputes go to adjudication. Roughly one in every 30 tenancy deposits are disputed according to the Deposit Protection Service - one of the three Government-backed schemes for England and Wales. Since the start of 2018, 66,768 tenancy deposits have ended in dispute, with a professional and impartial adjudicator having to step in to decide on the matter. Hooks, holes and nails in the walls and Blu Tack marks can give the landlord reason to try and withhold some of the deposit when a tenant moves out ....
Continued house demand sees prices rise 4.1%: Zoopla mortgagestrategy.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagestrategy.co.uk Daily Mail and Mail on Sunday newspapers.