The housing landscape in England is about to undergo significant changes with the introduction of the new Renters’ Rights Bill, which could be in effect as early as next spring. The Government has outlined several key reforms aimed at increasing tenant security and improving housing standards. Key Changes from the Renters’ Rights Bill The bill […]
Unveiling the Home Affordability Landscape for UK First-Time Buyers in 2024 The journey to homeownership in the UK continues to be a formidable challenge for many, especially first-time buyers navigating the shifting sands of the housing market. The latest data from the Skipton Group’s Home Affordability Index provides a stark depiction of the hurdles facing […]
UK Rent Continues to Climb: HomeNow UK Offers a Solution According to the latest ONS figures, the average UK private rent has increased by 8.6% year-on-year in June 2024. The average monthly rent now stands at £1271, which is £101 higher than 12 months ago. Although this is slightly down from the 8.7% annual growth […]
In the UK, first time home deposits have skyrocketed with the rising costs of housing to an eye-watering £108,000! It’s no surprise that countless young couples are trapped in a suffocating cycle of renting or are unable to afford to leave their parents’ homes. When considering the purchase of your first home, it is crucial […]
HomeNow, a visionary ‘Rent to Buy’ scheme, has positioned itself as a critical player in the housing market in recent years, particularly for those struggling to save for a home deposit. Led by CEO Jonathan Potter, a seasoned innovator with roots in fintech, HomeNow simplifies the path to homeownership by allowing potential buyers to rent […]
A new forecast from the Resolution Foundation has sparked concerns as it predicts that rent increases across the UK will outpace wage growth significantly over the next three years. This development is set to add considerable financial pressure on millions of households, with rents projected to rise by an average of 13% by 2027. The […]
A concerning new report indicates that British renters are facing a steep climb in housing costs, with rents expected to surge by as much as 13% over the next three years. This increase is anticipated to outpace earnings growth significantly, exacerbating affordability issues for many across the nation. Published by the Resolution Foundation, the report […]
Homeownership has long been a sign of stability and security for many across the UK. However, recent statistics paint a grim picture for those struggling to make this dream a reality. According to the latest data, average UK private rents have surged by a staggering 9.0% in the 12 months leading up to February 2024, […]
Young people are spending as much as £150,000 in rent At 34 years old the average age of a first-time buyer isn’t surprising when you look at the estimated 16-year renting period for the average tenant in England, it’s no wonder young people are spending as much as £150,000 in rent. This assumes individuals first […]
Discover the rising trend of ‘Rent-to-Own’ in the UK Are you on the path to homeownership but find traditional routes a bit daunting? You’re not alone. The ‘Rent-to-Own’ option is gaining momentum, and the latest Google Trends data from the UK is here to prove it. With an impressive 63% increase in searches over the […]