Property news roundup: May Day marks start of selling season

Plus MMR uncertainty, storm effects on tenants, and housing as an issue

The first day of May is the start of  an eight week period in which 10 per cent more properties are sold than at any other time of the year, suggests a new report.

The survey from Purplebricks.com found that over a quarter of people had in previous years successfully sold properties between the start of May and the end of June. Moreover, nearly two thirds of homes sold at or above the asking price.

The least popular time period to sell a property was January and February.

"With the lighter nights and the brighter weather properties can be more aesthetically pleasing during these months and potential buyers are much more motivated to be the first to view whatever time of the evening," said Purplebricks CEO Michael Bruce.

Lack of MMR knowledge

Many homehunters are still unaware of new mortgage checks, with estate agents reporting delays and some failed tests.

Figures from Rightmove show that just over a third of people looking for a new home were unaware the Mortgage Market Review came into force at the weekend. Of those who have heard about the new rules, one in five say they don’t understand what it could mean for them.

Matthew James, Head of Communications at Rightmove said: "The Mortgage Market Review is designed to keep a tighter rein on borrowing and early reports suggest that it’s already slowing up the application process for lenders and homemovers.

"While the new rules are likely to prevent some prospective buyers from getting a mortgage, we think that the delays we are currently hearing about will ease over the coming months as lenders, advisors and applicants all adapt to the new landscape. However, should MMR continue to affect a large number of applications and drive volumes down, then it could drive buyers out of the market and force sellers to moderate their prices and take some of the heat out of the current demand in some areas."

Storm effect

Letting agents handled almost three times as many calls from tenants reporting property damage and requesting urgent repair work in the first quarter of 2014 compared to the previous quarter as winter storms battered large swathes of the British Isles.

According to figures compiled by property repair reporting specialists Fixflo.com, agents in the South West fielded 83 per cent more calls relating to roof damage and 70 per cent more internal wall and ceiling damage than the national average.

The most common issues reported by tenants during that past six months related to the bathroom (15 per cent), kitchen (11 per cent) and heating systems (8 per cent). More than twice as many tenants in London reported problems with mice, rat and insect infestation.

Is 'housing' an issue?

The latest Ipsos Mori poll about 'the issues facing Britain' shows the economy still in the top spot, with 'housing' now equal with 'crime', up two places to eighth. Around 14 per cent of people say it's one of the most important issues at the moment.

Discover more property articles at Homes and Property
PROMOTED VIDEO
Life and Style
Sexual health charities have campaigned for the kits to be regulated
healthAmerican woman who did tells parents there is 'nothing to be afraid of'
News
Shoppers in Covent Garden, London, celebrate after they were the first to buy the iPhone 6, released yesterday
tech
Arts and Entertainment
Ben Affleck stars as prime suspect Nick Dunne in the film adaptation of Gone Girl
filmBen Affleck and Rosamund Pike excel in David Fincher's film, says Geoffrey Macnab
Life and Style
fashion
News
news
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Senior Java Developer - API's / Webservices - XML, XSLT

£400 - £450 Per Day: Clearwater People Solutions Ltd: Our client is currently ...

Chemistry Teacher

£85 - £125 per day: Randstad Education Chester: Job Opportunity for Secondary ...

English Teacher

£85 - £125 per day: Randstad Education Chester: Job Opportunity for Secondary ...

English Teacher

£100 - £110 per day: Randstad Education Group: [ Megan Smith 22/09/2014 17:00:...

Day In a Page

A roller-coaster tale from the 'voice of a generation'

Not That Kind of Girl:

A roller-coaster tale from 'voice of a generation' Lena Dunham
London is not bedlam or a cradle of vice. In fact it, as much as anywhere, deserves independence

London is not bedlam or a cradle of vice

In fact it, as much as anywhere, deserves independence
Vivienne Westwood 'didn’t want' relationship with Malcolm McLaren

Vivienne Westwood 'didn’t want' relationship with McLaren

Designer 'felt pressured' into going out with Sex Pistols manager
Jourdan Dunn: Model mother

Model mother

Jordan Dunn became one of the best-paid models in the world
Apple still coolest brand – despite U2 PR disaster

Apple still the coolest brand

Despite PR disaster of free U2 album
Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments