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Tag: homebuyers

Spiralling rents pose a tough question for Shapps: Where will the new homes come from?

Spiralling rents pose a tough question for Shapps: Where will the new homes come from?

The latest survey of the residential rental market by the surveyors’ body RICS is likely to wind up the pressure on the housing minister Grant Shapps to promote more house building. The survey suggests that rents are rising ever faster, driven by rising demand in a market where supply is constrained, as the graph taken from the RICS survey shows.

Thousands of homebuyers in negative equity

Thousands of homebuyers in negative equity

Figures provided to the BBC by the Council of Mortgage Lenders show that 23,000 homebuyers took out 100% mortgages in the 12 months to March this year. With house prices as measured by HBOS (Halifax) back to the level of January last year, this means that many if not most of those who took out 100% mortgages since then will now be in negative equity.