Hot off the press at Property Reporter today is the news that almost one and a half million homes are at risk from shortening leasehold terms, meaning that borrowers and lenders are threatened with negative equity.
This year's budget certainly made a lot of people sit up and smile. The government's new 'Help to Buy' scheme will offer interest-free equity loans of up to 20% of the value of a new build property.
There's been a lot in the press this week about letting agents clearly displaying their fees within their advertising material. This has referred to the compulsory charges that tenants must pay to rent their property.
Ivy covered properties have been hitting the news in recent weeks. An ivy-clad house in Chelmsford, Essex trebled in value after a major haircut.
Jeremy Clarkson's childhood home in Doncaster has been put up for sale. If you're not a JC fan, what might interest you more is that the beautiful property was also the home of Paddington Bear!
There are over 300,000 property millionaires in the UK, with more than 60% living in London! Research from property website Zoopla.co.uk shows a massive increase over the past year, with Kensington named as the 'prime property capital of Britain.'
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