Move Engine

Helping #firsttimebuyers take on the emotional rollercoaster that is buying your first home in 2022. Follow theducatedfirsthomebuyeruk on Instagram.

[Emma Fildes @emmafildes]

According to Skipton Group analysis only 11.5% of those trying to buy their first home could afford to without banking at Mum and Dad. The four least affordable places to buy were in Wales, Ceredigion topping the leader board with only 3% of locals able to afford to buy in their area. In 5th place came London with only 3.2% - add a stamp duty increase and affordability becomes further stretched. Is it any wonder then that the Gov are trying to relax lending criteria to fulfil their growth agenda even if it runs the risk of leaving some in negative equity @tomhtimes @thetimes

[MoneySavingExpert @MoneySavingExp]

You can now earn 5.2% on your easy-access savings AND it's from a BIG NAME.

We've said it before and we'll say it again:

If your savings don't pay (at least 5%), DITCH and SWITCH today❗️

https://t.co/jFFj9hmj6x

[HM Land Registry @HMLandRegistry]

Want to avoid house-fraud, especially if you’re away from home for a long time or vulnerable residents live there? Put your mind at ease with our HM Land Registry Property Alert service.

Visit https://t.co/8PdvIOE5CC for peace of mind

[Move Engine @MoveEngine]

Bad news for news overstretched renters as rents continue to rise 😟

[Emma Fildes @emmafildes]

Private UK rental price annual increase records were smashed in July increasing 5.3% - the largest annual % change since Jan 2016.
London - 5.5%, the highest % change since Jan 2006.
Wales - 6.5%, the highest since Jan 2010. Scotland - 5.7%, the highest since Jan 2012 @ONS

[Emma Fildes @emmafildes]

Private UK rental price annual increase records were smashed in July increasing 5.3% - the largest annual % change since Jan 2016.
London - 5.5%, the highest % change since Jan 2006.
Wales - 6.5%, the highest since Jan 2010. Scotland - 5.7%, the highest since Jan 2012 @ONS

[David Byers @davidbyers26]

Despite the mortgage crisis, first-time buyers make up a growing proportion of the housing market so far this year. Desperation to escape the crisis-hit rental sector is a key motivation.

https://t.co/kcUzSPhBQv

[Move Engine @MoveEngine]

Really??

[Lance Lambert @NewsLambert]

Zillow has gone full-blown housing bull.

Zillow expects U.S. home prices to rise 6.3% between June 2023 and June 2024.

Among the 200 largest housing markets, Zillow thinks 48 markets will see a jump of 7.0% or greater

[Acadata Ltd @acadatauk]

Houses taking twice as long to sell compared to 12 months ago. Four-beds slowest, May avg now 60 days, over double May '22 wait.

[Emma Fildes @emmafildes]

Aprils house price reprieve is short lived as annual house prices in May 2023 “slipped” back -3.4% & -0.1% on last month to £260,736. With further interest rate turbulence predicted in the short term expect growth to slip further before stagnating for longer @AskNationwide

[Henry Pryor @HenryPryor]

Either we help people to afford what they otherwise couldn't afford
or..
We let the market fall back to prices that they can afford.

[Emma Fildes @emmafildes]

The trailer for Labours Housing Plans is out now. Expect - 70% homeownership,
First time buyers to get first dibs,
Foreign buyers blocked from bulk buying,
Land banking thwarted and the return of…
THE MORTGAGE GUARANTEE SCHEME! ⁦@whazell⁩ https://t.co/RTm4gZPQUx

[Henry Pryor @HenryPryor]

Sales agreed numbers recover to be in line with March 2019 according to @Rightmove, and have also exceeded last September’s level, after which they plunged by 21% following the mini-Budget aftershocks.

[MoneySavingExpert @MoneySavingExp]

Interest rates on new fixed mortgage deals continue to drop, with five-year fixes as low as 3.83%.

We've spoken to mortgage brokers and analysed what's going on to help you figure out what you should do. 🏠

https://t.co/OgHCfSW1ig

[Acadata Ltd @acadatauk]

First time for 1st-timers: First-time-house-buyers represent highest proportion of buyers on record- now 27.1% (cf 23.8% in '21). Result of difficult rental market, supply shortage- most acute in London- avg rent £2,178, inner London £3,046...

[MoneySavingExpert @MoneySavingExp]

Martin Lewis: A warning to freelancers and the self-employed everywhere ⚠️

It may be common knowledge if you've been self-employed for years, but it's worth sharing with those who are new to it 👇

https://t.co/ny2uacKwaf

[Emma Fildes @emmafildes]

“Tracking” mortgage rates with sights set on a lower fixed rate when inflation comes down. https://t.co/rQEzjhtdCm @George_Nixon97 @thetimes

[Vicky Spratt @Victoria_Spratt]

Rate rises mean misery for mortgage prisoners who are stuck on standard variable-rate loans and unable to move to a new deal. Support for this group of 200,000 plus people is lacking @jessiehewitson @theipaper @mortgageprison https://t.co/DHTj8MlPjn

[Move Engine @MoveEngine]

Remember you are within your rights to use your own mortgage broker and get them to pass on your status to the estate agent rather than feeling pressured into using an estate agents mortgage broker.

#property #mortgage

[Moving Home with Charlie @moving_charlie]

Strong story, naming Connells as an agent who breaks the law by forcing buyers to use in house mortgages if they want an offer put forward.

They even undersold a sellers home by £11,000 to make commission on a mortgage.

Literally criminal. Outrageous.

https://t.co/zEhjMgaTtd

[Emma Fildes @emmafildes]

Can I have the “reality” check, please? “In Sep 22, the avg discount to asking price for homes selling in under 3mths was just -1.7%, while the discount for homes taking between 6 & 12mths was -7.3%; these numbers have now changed to -3.5% & -9.6% respectively” @LonresComLtd

[Emma Fildes @emmafildes]

The % of homes sold above or below asking price in England & Wales demonstrates that the current trend is for below whilst the outlier is for asking or above. In addition, it reveals how Brexit uncertainty, lead to many a property being sold below asking @PrimeResi