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February 2018

First Time Buyers at HIGHEST level for 10 years…

There were 365,000 first time buyers who bought homes in 2017 according to newly released data from UK Finance. This is 7.7% more than in 2016 and the highest level since 2006. Some of the boost in first time buyers can be attributed to the Government’s Help to Buy scheme; we calculate that around 9% of homes bought by first time buyers in England have used finance from the scheme. In addition to...

MOVING DAY – Most tenancy starts are spread over Fridays & Saturdays…

Last year we looked at the most popular day to complete on a home purchase and found that around half of sales complete on a Friday. We have now looked to see how this compares with tenants starting a new lease. Unsurprisingly, the end of the week and weekend is the most popular time to move into a new home. However, with finance transfers not required in the same way as when buying a property, tenancy...

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