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Joined February 2019
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If you’re looking at buying a property in the UK in 2024…
“So You Want To But A House?” is out 🎉
A complete, easy to read guide on all you need to know about the home buying process 🏡
First Time Buyers & Investors this is for you 🔑
Grab It Here: payhip.com/b/4DwuT
Almost half (45%) of first-time buyers purchased their property with help from a government scheme in the last two years.
The most common scheme used was the First Homes scheme (36%), followed by a Lifetime ISA (29%).
Source: Uswitch
Property Purchaser retweeted
I wrote an complete Ebook guide for first time buyers to buy their first house in the UK 🏘️
It's called "So You Want To Buy A House?"
It'll be out this week.
You can subscribe here to be notified 👇
propertypurchaser.xyz/subscr…
Time Zones are crazy…
It’s 2024 in Europe
It’s 2023 America
And in your head it’s still not the perfect time to buy a property
Property Purchaser retweeted
For those looking at buying their first investment property/buy to let with a mortgage 🏡💷
Here is a breakdown on whether you should by within your own name or within a ltd company structure ⏬
@proppurchaser
propertypurchaser.xyz/post/b…
The Lifetime ISA: Everything You Need To Know 🏡
@topsytaiwo
propertypurchaser.xyz/post/t…
Property Purchaser retweeted
UK's Happiest Places To Live 2023 🏡 (+ house prices)
1) Richmond Upon Thames - £952,305
2) Winchester - £571,613
3) Monmouth - £349,312
4) Wokingham - £572,992
5) Cirencester - £394,216
6) Skipton - £259,692
7) Hemel Hempstead - £424,649
8) Kensington - £1,812,424
Need mortgage advice on your next purchase?
We cover the following:
1) First Time Buyers
2) Buy To Let
3) Bridging Finance
4) Remortgages
Get in touch today
propertypurchaser.xyz/mortga…
JPMorgan’s asset-management arm entered into a deal to acquire more than $1 billion of single-family rentals,
Institutional investors advised by the bank formed a joint venture with Haven Realty Capital to buy and develop entire communities of new homes
@Bloomberg
There were 22 renters competing for every new property in October 2022, which is higher than any October between 2019 & 2021
While the number of renters competing has decreased from September, October’s 22 renters per new instruction is 40% higher year on year
Source: @foxtons
October 2022 saw 8% of unsold properties on Rightmove reduce their asking price
This is double the 4% of properties that took the same action in October 2021
Source: @rightmove
Buyer demand remains historically high, being 4% greater than October 2019
However buyer demand is lower than October 2021
First time buyer demand is down 26% compared to last October.
'Second stepper’ demand is also lower, by 17%
Source: @rightmove
UK asking prices fell 1.1% on a monthly basis in November
A 1.1% November drop falls in line with the pre-pandemic years of 2015 - 2019
The average house price fell by £4,159, giving an average price of £366,999
Annually, house prices went up 7.2%
Source: @rightmove
Average rates fell across all main fixes this week
For a two-year fix, the average rate dropped 12 basis points, to 6.33% and, for a three-year fix, the average rate tumbled 32 basis points, to 6.42%
Source: @Moneyfacts_couk
The number of home repossessions rose 15% between July and September this year compared to the three months before
In total 700 homeowner mortgaged properties were taken into possession in the third quarter of 2022
Source: UK Finance
The average two-year buy-to-let mortgage rate rose from 2.9% in December 2021 to 6.75% in November 2022
Source: @Moneyfacts_couk
The number of available rental properties has fallen this year to its lowest point since 2017
In October there were 214,938 rental properties advertised, compared with 339,516 during the same month five years ago
Source: @TwentyCi