Struggling under-35s own just 5% of the nation’s housing equity

  The decline and fall of just about everything appears to be the order of the day, and we’re not even finished with January yet. So far this year, we have learnt that the number of people moving home has fallen for the first time in five years, thanks to tighter mortgage regulations, rising property prices and economic uncertainty about Brexit. …

Clifton Homes secures flagship site in Letchworth ‘Garden City’ for national housebuilder

Barratt Homes have completed on a new site in Blackhorse Road, Letchworth Garden City for 159 new family homes, of which 40% will be affordable. Clifton Homes, part of the Land Market group, played a pivotal role in helping to secure the site, introducing it to the housebuilders after the 4.9 hectare site was identified by North Herts District Council …

Parents push prices up

According to the Telegraph, the so-called bank of mum and dad has replaced easy credit and high-loan-to-value mortgages following the 2008 crash, fuelling the housing market.  A report by the property group JLL found a record 7.3m homeowners – 33 per cent of households – owned their property outright, with “too much housing equity …

Homes used as ‘cash machines’ according to Dan Hyde in the Telegraph

Retired home owners are borrowing a record £1.4 million a day against their properties as a savings crisis leaves many with too little to fund their retirement. Tens of thousands have resorted to using their homes as “cash machines” experts said, as they struggle to fund retirement plans and pay care bills in old age. Those in their sixties and …

Buy-to-let growth sees ‘one in five’ British homes owned by a private landlord reports Richard Dyson in the Telegraph

Private landlords now own almost one out of five homes in Britain and they will buy a further million in the next five years, according to research highlighting the growth of buy-to-let. Two million private landlords now own and rent out five million properties, according to the report by Paragon, a mortgage lender.  This means 18 per cent of households …

Build homes or lose planning permissions, Nick Boles tells developers

Announcement likely to be seen as response to Ed Miliband’s Labour Conference speech, in which he said developers would have land seized if they failed to use it Nick Boles, the planning minister, wants developers to start building homes now or lose planning permission Photo: ALAMY Developers must start building homes or lose planning permission, …

Clifton Homes welcome news of boost for self-builders

A leading development land expert, based in Bristol, has welcomed news that self-builders could be exempt from the CIL charge that faces all new property developers. CIL (Community Infrastructure Levy) was introduced under the Labour Government but began to be implemented by some Councils in January 2012 and now affects thousands of self builders in …

New buyers boost strengthens market and helps demand for land reports Clifton Homes

Clifton Homes, the company behind several leading development land websites, reports that a boost in the housing market is helping drive a new impetus in demand for development land with a strengthening in values. The Royal Institution of Chartered Surveyors (RICS) reports a net balance of 45% more respondents predicting sales would rise rather than …