Final Rush Begins As Stamp Duty Holiday Ends In Under Ten Weeks

 With the stamp duty holiday extension ending on Wednesday 30th June, home buyers now have just under ten weeks, to complete their purchases. Amidst an already feverish property market, the ticking clock of the stamp duty holiday is set to turn the heat up further as the time period left is just under the 77 days that the average property purchase takes to complete. According to research by MoneySuperMarket, the average purchase for a first-time buyer takes 99 days to complete; home movers take 88 days to complete; while those re-mortgaging take 71 days. Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/property/final-rush-begins-as-stamp-duty-holiday-ends-in-under-ten-weeks.html

Number Of Homeowners Unable To Pay Winter Bills Up 80%

Over three quarters (76%) of Brits will cut back on their regular outgoings to pay for their heating this winter – an increase of 29% on last year, according to research from MoneySuperMarket. Over a third (38%) of Brits fear being unable to pay their energy bills - up 80% since last year, while 15% of homeowners anticipate there will be days their family will go cold. Sacrifices being made include reducing energy consumption in the home, via basic measures such as turning the lights off in empty rooms and turning appliances off at the wall (33%). Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/household/number-of-homeowners-unable-to-pay-winter-bills-up-80.html

Study Reveals Significant Fall In Number Of First Time Buyers In The UK

The number of first time buyers in the UK has fallen by 24% since 1994 and the number of lone first time buyers have seen a more significant 45% decrease, new research has found. Also, those aged 16 to 34 are down by 49% since 1981 while 41% of people aged 35 to 44 are not earning enough to save for a deposit and 21% of over 55s are renting rather than owning a home. The study from price comparison website MoneySuperMarket reveals the changing face of home ownership and suggests that a large portion of British people are putting their dreams of buying a home on hold. Read more on Property Wire.

https://www.propertywire.com/news/uk/study-reveals-significant-fall-number-first-time-buyers-uk/