Homebuyers Reports

Mortgage activity has shot up as housebuyers find competitive deals, according to new figures from the British Bankers' Association (BBA).
The BBA said that approvals had risen by 14% in September 2015 compared to the year before.
It partly placed the increase on first-time buyers being able to find a good deal amid competitive mortgage rates on the market.
Good news for all those seeking to buy a property or re-mortgage, especially with inflation remaining low and interest rates unlikely to rise until later in 2016.

Portsmouth has been judged as one of the best places to live in the area, according to a new survey.
The Portsmouth News has reported that the city has finished 30 places above Southampton in the UK Quality of Life Index.
The study by uSwitch took into account crime rates, affordable living costs, salary levels, broadband access, working hours, life expectancy, hours of sunshine, household bills and disposable income.
It judged 130 cities with Portsmouth finishing 65th and Southampton 99th. Edinburgh topped the table and Bradford was at the bottom.

New figures have shown that the price of flats has risen faster than houses over the past decade.

The Halifax says that the prices of flats has increased by 60% nationwide while the average house has only increased by 34%. The lowest rise was for detached homes, at 21%.

Oddly, the Bank says that the popularity of apartments has actually fallen over the past decade – with flats representing 20% of all property purchases in 2005 compared with 17% in 2015.

However, experts say that is down to one factor – the London effect, according to the BBC Business website.

New figures have shown a welcome drop in the number of outstanding interest-only mortgages.
The Council of Mortgage Lenders (CML) said its latest research has shown that by the end of 2014 there were 2.4m outstanding home loans of this type.
It sounds a lot, but that figure is some 460,000 fewer than the previous year.
Interest-only deals mean borrowers pay the interest on the loan, then pay the capital when the mortgage term ends.

You may have spotted our logo in a feature on the Portsmouth Property Association (PPA) in the News this week.
We were listed along with fellow members of the PPA in an eye-catching double-page spread in the Property guide.
With 147 businesses now signed up, the PPA has its highest number of members in its 95-year history.
It draws together all kinds of property related businesses – including chartered surveyors, estate agents, auctioneers, bankers and lettings agents - into a single, recognised professional body.

We’re looking forward to a super September as we head into the Autumn.
After another busy summer, we expect to see even more demand for our property-related services.
Many homeowners will be thinking about moving before we get too close to Christmas, whilst others may be sitting down to consider an extension or home improvement projects.
Recent figures showed that more homeowners are also remortgaging, locking themselves into a fixed rate deal ahead of any potential interest rate rise

More good news as we approach the weekend – this time on unemployment figures.
Although the number nationally has risen slightly by 25,000 to 1.85million, the figure for the Portsmouth area has dropped.
According to the Office for National Statistics, the number of people claiming jobseekers’ allowance fell from 2,253 to 2,170.
That’s good news as it indicates a strengthening of the economy with more firms taking new employees on and investing in their businesses.

A story about our new member of staff, Steve Funnell, has appeared in the Property guide in today's Portsmouth News.
It tells how Steve has become our 25th member of staff and joins to help us meet rising demand for our property related services, especially for surveys.

It’s the dawn of a new football season with hopes high that this will be the year Portsmouth finally escape the bottom tier of the football league.
Their 2014-2015 Division Two campaign kicks off with a home clash against Dagenham and Redbridge tomorrow, Saturday August 7.
For a team which used to play the likes of Man Utd and Chelsea not so long ago, it seems a long way back but there does seem to be a positive mood about the team’s chances this time around.

If you’re taking a walk around Gunwharf Quays this weekend, you’ll probably see the Spinnaker Tower decked out in its new colours.

The landmark is now decked out in blue and features the Emirates airline branding, while more metallic gold is to be added over the coming months.

After the initial outcry over the colour scheme – red! – it seems as if the furore over the £3.5m sponsorship deal has finally been resolved.


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