TheNews HOUSING MARKET Solo struggle
Research from letting agent Jordan’s claims that single buyers are struggling to find the perfect flat for one, as couples cram into smaller properties and split costs, fuelling the demand for one-bed properties. Latest figures from the Office
of National Statistics (ONS) shows the number of people living alone in the UK has now risen to 29 per cent of all households. The cost of living a single life in 2011 also rose to more than £5,000 a year according to a study by Co-Operatives UK. With the number of one-
person households on the increase, the letting agent claims there is a real shortage of properties suitable for solo renters.
LETTINGS MARKET Professional flat sharers on the increase
The latest figures from flat sharing website Easyroommate.
co.uk has found that the number of individuals searching for rooms within flat shares has increased by over 2,000 in three months. The number of professional’s currently searching for a flat share exceeds that of students by 13 per cent. Jonathan Moore, director of
Easyroommate.co.uk says, “Of the 14,000 registered users on
PRODUCTS Fairfield Displays market leaders for contemporary window and interiors
A ripple of change is gaining momentum as estate agents across the country are re-vamping their windows and interiors. Spring is a great time to take a fresh look at your premises to ensure that you are one step ahead of your competition. Fairfield Displays has been creating innovative designs for over 30 years and are market leaders in innovative designs for the estate agency market. When choosing a supplier it is key to work with a company who will spend time understanding your
8 l June 2012 l TheNegotiator
visuals are created so that the agent can get an excellent idea what the new display will look like. The free design service has proved invaluable in helping customers with colour schemes and incorporating large
requirements. As Fairfield works on a national basis and has a team of
consultants who can drop
in and have a chat you can be assured of a personalised service. Once they have a full understanding, full colour 3D
customised maps within the interior design concepts. The fastest selling product at
the moment is the LED Light Pocket which is an ultra-bright panel into which property details can be illuminated. The new Fairfield range is very extensive
including suspended displays A4 –A1, wall mounted and low level designs. It is the finishing touches
which makes all the difference to the design and this is where attention to detail is critical. Fairfield specialises in digital screens made simple and will help you select the correct digital signage system which can be incorporated into window and interior designs. In addition Fairfield fully guarantees all work carried out and this is not the case with all suppliers. To find out more go to www.
estateagencydisplays.co.uk or call 01252 812211.
www.the-negotiator.co.uk
Easyroommate 66 per cent are professionals, with an average age of 27.” The average UK rent for a one-bedroom property currently stands at £989, 269 per cent more than the average UK flat sharing rent. Moore said, “Flat sharing is no
longer just for students but we do expect the average age to fall as the rise in tuition fees drives more students to join the job market instead of study.”
William Jordan
William
Jordan, Managing Director of Jordan’s, says more people than ever are enquiring about properties for one. “People looking to rent
on their own have a real fight on their hands and are often competing for the same one bedroom properties that couples with double incomes are. Couples are sharing a room but pooling the costs meaning they can afford to pay more, pushing the rental cost up and pushing those looking to rent on their own out of the market.
For all the latest news visit us at
www.the-negotiator.co.uk
MORTGAGES Mortgage Talk arranges the first
Specialist new build broker Mortgage Talk has completed the first NewBuy mortgage in the UK. Mortgage Talk, part of the Mortgage Advice Bureau New Homes Network, helped Henna Rai become the first borrower to take out a loan from Nationwide; she completed on a two-bedroom apartment in Peterborough, Cambridgeshire, built by Bovis Homes First-time buyer Heena said, “I’m in a bit of a daze really. I was really shocked that we managed to get it all done so quickly.” NewBuy is a Government
supported scheme, designed by the Home Builders Federation and the Council of Mortgage Lenders, to assist both first-time buyers and existing homeowners to buy a new- build property priced up to £500,000, as their main residence in England. Nine house builders have signed up to provide a guarantee for each mortgage and it is backed by four major high street lenders – Nationwide, Barclays (Woolwich), RBS (NatWest) and Halifax.
Lisa Burns-Kent, head of new
homes sales at Mortgage Talk, said: “We are delighted to have arranged the first NewBuy completion in the UK. It demonstrates not only our
ever NewBuy completion commitment to the scheme but also our ability to help borrowers to complete their purchase quickly. “We have already seen huge
levels of interest from potential borrowers and this deal is the first of many more. We have no doubt that NewBuy will be successful; it is a very useful product and has the potential to open up home ownership to thousands of people.” David Ritchie, chief executive
of Bovis Homes added: “At Bovis Homes we have been proactive in helping to develop
‘We have already seen huge levels of interest from
borrowers.” low-deposit home buying solutions in conjunction with lenders and we were delighted to be able to contribute as NewBuy was developed. “There is no doubt whatsoever
that higher deposits that are required to purchase a property has hindered the market and this new five per cent deposit requirement promises to give the sector a major boost – especially as it is available to existing homeowners and first-time buyers alike.”
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