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
News
University Edible Garden, Leeds – a sustainable garden in the centre of the university, passers-by can help themselves to the home-grown produce
newsFrom a former custard factory to a Midlands bog and a Leeds cemetery
Arts and Entertainment
Rock band Led Zeppelin in the early 1970s
musicLed Zeppelin to release alternative Stairway To Heaven after 43 years
News
Sabina Altynbekova has said she wants to be famous for playing volleyball, not her looks
people
News
i100
PROMOTED VIDEO
Travel
The shipping news: a typical Snoozebox construction
travelSpending the night in a shipping container doesn't sound appealing, but mobile crash pads are popping up at the summer's biggest events
Arts and Entertainment
'Old Fashioned' will be a different kind of love story to '50 Shades'
film
Arts and Entertainment
Tracey Emin's 'My Bed' is returning to the Tate more than 15 years after it first caused shockwaves at the gallery
artTracey Emin's bed returns to the Tate after record sale
Arts and Entertainment
Smart mover: Peter Bazalgette
filmHow live cinema screenings can boost arts audiences
Environment
Neil Young performing at Hyde Park, London, earlier this month
environment
Property search
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

Retail Business Analyst

£300 - £350 per day + competitive: Progressive Recruitment: Ecommerce/Retail/E...

Project Coordinator

Competitive: The Green Recruitment Company: The Organisation: The Green Recrui...

Project Manager (HR)- Bristol - Upto £400 p/day

£350 - £400 per annum + competitive: Orgtel: Project Manager (specializing in ...

Embedded Linux Engineer

£40000 - £50000 per annum + competitive: Progressive Recruitment: Embedded Sof...

Day In a Page

Save the tiger: The animals bred for bones on China’s tiger farms

The animals bred for bones on China’s tiger farms

The big cats kept in captivity to perform for paying audiences and then, when dead, their bodies used to fortify wine
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK

A former custard factory, a Midlands bog and a Leeds cemetery

Introducing the top 50 hidden spots in Britain
Ebola epidemic: Plagued by fear

Ebola epidemic: Plagued by fear

How a disease that has claimed fewer than 2,000 victims in its history has earned a place in the darkest corner of the public's imagination
Chris Pratt: From 'Parks and Recreation' to 'Guardians of the Galaxy'

From 'Parks and Recreation' to 'Guardians of the Galaxy'

He was homeless in Hawaii when he got his big break. Now the comic actor Chris Pratt is Hollywood's new favourite action star
How live cinema screenings can boost arts audiences

How live cinema screenings can boost arts audiences

Broadcasting plays and exhibitions to cinemas is a sure-fire box office smash
Shipping container hotels: Pop-up hotels filling a niche

Pop-up hotels filling a niche

Spending the night in a shipping container doesn't sound appealing, but these mobile crash pads are popping up at the summer's biggest events
Native American headdresses are not fashion accessories

Feather dust-up

A Canadian festival has banned Native American headwear. Haven't we been here before?
Boris Johnson's war on diesel

Boris Johnson's war on diesel

11m cars here run on diesel. It's seen as a greener alternative to unleaded petrol. So why is London's mayor on a crusade against the black pump?
5 best waterproof cameras

Splash and flash: 5 best waterproof cameras

Don't let water stop you taking snaps with one of these machines that will take you from the sand to meters deep
Louis van Gaal interview: Manchester United manager discusses tactics and rebuilding after the David Moyes era

Louis van Gaal interview

Manchester United manager discusses tactics and rebuilding after the David Moyes era
Will Gore: The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series

Will Gore: Outside Edge

The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series
The children were playing in the street with toy guns. The air strikes were tragically real

The air strikes were tragically real

The children were playing in the street with toy guns
Boozy, ignorant, intolerant, but very polite – The British, as others see us

Britain as others see us

Boozy, ignorant, intolerant, but very polite
How did our legends really begin?

How did our legends really begin?

Applying the theory of evolution to the world's many mythologies
Watch out: Lambrusco is back on the menu

Lambrusco is back on the menu

Naff Seventies corner-shop staple is this year's Aperol Spritz