Return of Rising Damp as mortgage costs rise

Posted: 09 Mar 2007 09:44:25 GMT

More and more property owners in the UK are taking in lodgers to provide extra income towards their mortgage payments, research for online classified ad site Gumtree has said

More and more property owners in the UK are taking in lodgers to provide extra income towards their mortgage payments, research for online classified ad site Gumtree has said.

The number of people advertising rooms to rent has grown 38 per cent over the last six months said Gumtree, alongside three interest-rate rises.

Almost a third of homeowners admit that they are struggling to cover their mortgage costs and more than one in ten say that they would consider renting their spare room.

"Lodgers sharing your home can be an easy way to help curb spiralling costs," said Sophy Silver of Gumtree.

"As well as being a lucrative solution, flatsharing can be a really fun experience for young professionals looking to widen their network of friends and have fun while they save their pennies for their own place."

The flat-sharing capital of the UK is Brighton, where more than one in five adults co-habit with others.

© Houseladder Ltd


MOST POPULAR

FREE Property Advert
Selling or Letting? List Your Property FREE Now

FREE eBook worth 47
How To Sell Or Let FASTER and Save 1000s

FREE House Prices
How much did next door sell for. Plus are prices going UP or Down in Your Town

MORE UK PROPERTY NEWS: March 2007

Fixed-rate mortgages more popular with movers, says CML  Posted: 30 Mar 2007 11:38:21 GMT
The Council of Mortgage Lenders (CML) has said that the number of first-time buyers taking out fixed-rate mortgages has not shown any notable increase, despite the interest rate rises of recent months.

Government introduces Hips regulations  Posted: 30 Mar 2007 11:36:46 GMT
The government has introduced its home information packs (Hips) regulations in parliament, which will come into force on June 1st.



Mortgage figures show surprise growth  Posted: 29 Mar 2007 11:07:29 GMT
New figures show that mortgage lending and mortgage approvals in Britain rose well above expectations in February.

One in five landowners seek multiple properties  Posted: 29 Mar 2007 11:03:33 GMT
A fifth of UK landlords dream of expanding beyond owning a single buy-to-let property and having a portfolio, a mortgage firm has said.

Governor says UK property market not facing crash  Posted: 28 Mar 2007 11:47:15 GMT
Bank of England governor Mervyn King has said Britain will not follow the United States in suffering a property market crash.

Survey shows slowing of house price growth  Posted: 28 Mar 2007 11:44:59 GMT
House price growth slowed in March, according to the latest Nationwide house price survey, suggesting that higher interest rates may be having a dampening effect on the market.

102-year-old highlights new mortgage policies  Posted: 27 Mar 2007 11:58:05 GMT
The change in the availability of mortgages, including in the buy-to-let sector, in recent years has been highlighted by the news that a 102-year-old man has been given a 25-year buy-to-let mortgage.

'8 people' chasing every available property  Posted: 27 Mar 2007 11:55:15 GMT
People seeking to sell a property now have an average of eight people looking to buy, as the housing market continues to boom.

Cost of moving 'tripled' in last decade  Posted: 26 Mar 2007 10:44:53 GMT
The cost of moving house in Britain is three times what it was a decade ago, a new survey has shown, with estate agents taking over £3,000 per sale on average.

Outer London drives house price surge  Posted: 26 Mar 2007 10:43:05 GMT
A new survey has shown that house prices in the UK are rising at their fastest rate since June 2003, with outer London leading the way.

Doubts cast of EPC introduction  Posted: 23 Mar 2007 14:37:14 GMT
Doubts have been cast over the introduction of Energy Performance Certificates (EPC), following Wednesday's budget

Green mortgages to be "most common form of home loan"  Posted: 22 Mar 2007 10:58:07 GMT
Seven years after launching its first environmentally-friendly mortgage product, one lender now believes that a growing interest in preserving the environment will result in green mortgages becoming the norm within the next few years.

Scottish house prices "up by 10%" in 2007  Posted: 22 Mar 2007 10:56:03 GMT
House prices in Scotland will rise ahead of UK averages during 2007, it has been suggested.

House price fall unforeseeable  Posted: 21 Mar 2007 11:51:22 GMT
It would take an economic disaster to make house prices fall in the foreseeable future, according to industry experts, with public expectations of the market driving growth.

Record February mortgage lending  Posted: 21 Mar 2007 11:35:04 GMT
The UK property market appeared to remain healthy in February, with recently released mortgage lending figures showing record levels.

Dodgy estate-agent regulation plans launched  Posted: 20 Mar 2007 09:58:16 GMT
Plans to make dodgy estate agents sign up to compensation schemes have been launched in Parliament

Landlords getting younger every day  Posted: 20 Mar 2007 09:57:00 GMT
A quarter of buy-to-let investors with just one property in their portfolio are aged between 26 and 35, research for the Mortgage Trust has found

UK property growth at 12.2%  Posted: 19 Mar 2007 09:56:09 GMT
The average home in the UK is now worth £228,183 following 12.2 per cent growth in the 12 months up to March 2007, a Rightmove survey has found

Mortgage lending down as rate rises bite  Posted: 19 Mar 2007 09:54:03 GMT
Mortgage lending in January was down 11 per cent on December figures following an unseasonably busy end to 2006, the Council of Mortgage Lenders (CML) has said

London price rises at 28 year high  Posted: 16 Mar 2007 09:59:32 GMT
House prices at the top end of London's housing ladder are climbing at the fastest pace in 28 years, research for Knight Frank has shown

Average UK prices top £200k says survey of surveys  Posted: 16 Mar 2007 09:57:35 GMT
Average UK house prices have broken through the psychological £200,000 ceiling, a survey of surveys has reported.

House price growth eases to nine-month low  Posted: 15 Mar 2007 10:02:52 GMT
House price growth eased to levels not seen since May of last year during February, the Royal Institution of Chartered Surveyors (Rics) has said

Buyers outweigh sellers by factor of eight  Posted: 15 Mar 2007 10:00:11 GMT
Would-be buyers in the UK outnumber sellers by a factor of eight, research for Hamptons International has said, with numbers "showing no sign of abating".

More buyers opting for fixed-rate mortgages  Posted: 14 Mar 2007 15:14:42 GMT
First-time buyers are increasingly opting for fixed rate mortgages, as uncertainty over rises in the Bank of England base rate continues.

Public urged to help over housing supply shortage  Posted: 14 Mar 2007 15:13:39 GMT
The public must become more understanding over the need for housing development, the Home Builders Federation has claimed

First-time buyers call for stamp duty review  Posted: 13 Mar 2007 14:00:03 GMT
House prices have risen so quickly in recent years that many first-time buyers are finding it increasingly difficult to find an affordable property

Estate agents experience 'biggest supply shortages for seven years'  Posted: 13 Mar 2007 13:58:18 GMT
Potential buyers on the housing market are in stiff competition for properties as a new survey reports a shortage in housing supply

Buy-to-let landlords 'confident' about market  Posted: 12 Mar 2007 16:22:52 GMT
Landlords remain optimistic about the UK property market and are predicting long-term rewards, claims research from the Mortgage Trust

FTBs move abroad to save money for UK house purchase  Posted: 12 Mar 2007 16:22:21 GMT
Many first-time buyers are looking to live overseas in order to help finance the purchase of a UK home, according to a new survey

House price growth at 1.8% says Halifax  Posted: 09 Mar 2007 09:46:07 GMT
House price inflation has continued to barrel along at 1.8 per cent over February, despite more than halving from the break-neck growth seen in the autumn, Halifax has found

Return of Rising Damp as mortgage costs rise  Posted: 09 Mar 2007 09:44:25 GMT
More and more property owners in the UK are taking in lodgers to provide extra income towards their mortgage payments, research for online classified ad site Gumtree has said

Rental yields level as prices rise  Posted: 08 Mar 2007 10:41:08 GMT
Rental yields have plateaued over the past three months as property prices have risen across the country, the Association of Residential Letting Agents (Arla) has said

Lenders relaxing up-front buy-to-let payments  Posted: 08 Mar 2007 10:40:56 GMT
Many lenders are relaxing the amount of capital that they require as down payment on buy-to-let mortgages, a survey for Moneyfacts has claimed

Regulator warns of home energy certificate impact  Posted: 07 Mar 2007 09:45:54 GMT
The government's regulation watchdog has warned ministers that the launch of home energy certificates this summer could damage the housing market

Green grants will come to end in 2008 says DTI  Posted: 07 Mar 2007 09:45:45 GMT
Financial aid for homeowners who install energy efficiency measures could be scrapped after the end of next year, the Department of Trade and Industry (DTI) has said

House building levels rise to 1980s peak  Posted: 06 Mar 2007 10:07:01 GMT
The number of new homes being built in the UK is approaching the levels targeted by the government as needed to meet demand, a study has shown

Young buyers look overseas  Posted: 06 Mar 2007 10:04:54 GMT
Young buyers priced out of the UK housing market are beginning to consider overseas property speculation as a way to reach the first rung of the ladder

One in five homes now pay top-rate stamp duty  Posted: 05 Mar 2007 11:21:46 GMT
A fifth of homes in England and Wales are now subject to the highest rates of stamp duty, new statistics from Halifax has revealed

Buy-to-let to grow 40% by 2016 claims report  Posted: 05 Mar 2007 11:20:21 GMT
Rocketing growth in the buy-to-let sector will continue with expansion of at least 40 per cent in the next ten years, Alliance and Leicester has predicted

Northern Ireland buyers scramble to get on property ladder  Posted: 02 Mar 2007 10:54:12 GMT
Buyers in Northern Ireland are becoming almost "hysterical" to get onto the property ladder, estate agents have said

Properties registered for sale more than double  Posted: 02 Mar 2007 10:51:26 GMT
The number of properties reaching the market more than doubled during the first month of 2007, estate agents have said

Buy-to-let yields accelerate in January  Posted: 01 Mar 2007 11:00:40 GMT
Rental yields across the UK rose 2.5 per cent in January, figures from buy-to-let specialist Paragon Mortgages have shown

House prices up 0.9% in January  Posted: 01 Mar 2007 10:58:06 GMT
House prices across the UK grew 0.9 per cent in January, the government's latest official Land Registry figures have shown

UK PROPERTY NEWS: Archives

2008 October
2008 September
2008 August
2008 July
2008 June
2008 May
2008 April
2008 March
2008 February
2008 January
2007 December
2007 November
2007 October
2007 September
2007 August
2007 July
2007 June
2007 May
2007 April
2007 March
2007 February
2007 January
2006 December
2006 November
2006 October
2006 September
2006 August
2006 July
2006 June
2006 May
2006 April
2006 March