News & Updates

Michael Johnson gives his views on the current property market

According to the Council of Mortgage Lenders, the repossession rate - already at its lowest since records began - continued to fall in the second quarter of 2015. During that period, the rate was 0.02% - equivalent to just 1 in 5,000 mortgages. Arrears also continued to fall.

Research shows that a third of house hunters spend almost three months browsing the property market before deciding on their new home.

Nearly 40% of all homes sold under Right To Buy in England have gone on to become buy to let investment properties.

A modern or open plan kitchen, off-street parking and a back garden are the features most likely to make a home ‘more desirable’ to potential buyers, according to research from property portal OnTheMarket.com.

The proportion of homebuyers searching for mortgages with terms of 30 years or more has risen 8% to 21% over the past year.