Parents Prepared to Pay a School Catchment Premium
New research by Santander Mortgages has revealed that families are prepared to spend an extra 12% for their chosen school catchment address, which amounts to an additional £26,800 on top of the average UK property price. The research also found that 24% of parents with school age children have either bought or rented a new […]
Mortgage Lending Rises in June
Newly released data from trade body UK Finance has revealed a rise in mortgage lending during the month of June. The figures show that in June, on a non-seasonally adjusted basis: “June’s figures show a busy month in the mortgage market, with home movers having their highest monthly activity levels for over a year and […]
Gender Differences in House Buying
Having a joint mortgage is a bigger commitment than marriage, according to 40% of British adults. New research by Zoopla also revealed that couples are together for an average of three years, three months and 12 days before they commit to buying a property together. The research found evidence of gender differences when it comes […]
House Price Index Reveals Annual Price Rise
The average price of a property in Scotland in November 2016 was £143,033, according to the latest UK House Price Index. This is an increase of 3.3% on the previous year and an increase of 1.5% when compared to the previous month. Across the whole of the UK, the average house price was £217,928 in […]
Parents Pay Premium to Live in Best Catchment Areas
New research from Bank of Scotland has revealed that Scottish parents are prepared to pay a premium of as much as £80,000 on average to live in the catchment area of a top performing state school. According to the research, the average cost of a house near one of Scotland’s Top 20 performing state schools […]
Confidence Grows Among UK’s Second Steppers
A new survey by Clydesdale and Yorkshire Banks has found confidence is on an upward trend among the UK’s ‘second steppers’. The survey revealed that almost 40% of the country’s first-time homeowners are planning to take their second step on the property ladder, which is an increase of 14% compared to the same period last […]
