Property news roundup: New mortgages for contract workers launched
Plus Help to Buy problems, beach huts, and 'payday' loans
Alex Johnson has been part of The Independent's online team since 2007. He has been writing about microarchitecture on his internationally-acclaimed Shedworking blog since 2006 and is the author of Shedworking: The Alternative Workplace Revolution. His latest book is Bookshelf, published by Thames & Hudson.
Thursday 16 January 2014
Specialist lender Kensington is launching a range of mortgages
aimed at the growing number of contract workers in England and
Wales. They will be available to anybody who has been contracting
for at least 12 months. "There are nearly a quarter of a million
more contract workers in the UK today than there were in 2005,"
said Alex Hammond, head of marketing communications at Kensington.
"Yet many of these could struggle to secure a mortgage as their
income does not fit a standard model."
More than one in three people looking for a mortgage know nothing about Help to Buy 95% mortgages
Around 38 per cent of people searching for a mortgage are still in the dark about the government's Help to Buy 95% mortgage scheme, according to new figures from the Mortgage Advice Bureau - and 42 per cent have no knowledge of the Help to Buy equity loans launched in April 2013.
One in four have not asked about Help to Buy because they don't know what it is, and nearly one in five wrongly believe that Help to Buy is only for first-time buyers.
"Lenders are steadily warming to the Help to Buy mortgage guarantee scheme," said Brian Murphy, head of lending at Mortgage Advice Bureau, "with both high street brands and ‘challenger’ banks announcing their participation over the past few months. More choice is undoubtedly a positive for anyone looking to buy property. But while consumer demand for mortgages is high and plenty are keen for financial assistance, many are in danger of missing out and are being let down by a lack of knowledge of the available options."
Thousands are using payday loans to hide rent and mortgage problems
Research by Shelter suggests that nearly one in five people who rent or have a mortgage has borrowed money to cover their housing costs with two per cent saying that they have taken out a ‘payday’ loan to do so.
Beach hut-hunters crash web site
Borough of Poole opened its beach hut waiting list for the first time in seven years this week and the rush to rent one was so great that the council's web site briefly crashed. Around 80 more huts are planned to be built by 2015.
Our system has been unable to cope with the number of people trying to sign up to the beach hut list. We will post when it is fixed. Sorry— Borough of Poole (@BoroughofPoole) January 14, 2014
A five-bedroom house in the picturesque village of Kettlewell, north Yorkshire
An 18th-century former coaching inn with original staircase, open fireplaces and beams throughout
A Grade II-listed Georgian town house with three bedrooms and a south-facing courtyard, near Arundel Castle
Feel on top of the world at this über chic penthouse on the 37th floor of one of Europe’s tallest blocks.
A Grade II-listed Victorian villa with six bedrooms and two further cottages, all with spectacular sea views
A grade II-listed, Georgian cottage with mature 50ft garden, perfect for summer entertaining
A magnificent Georgian pile with turrets, seven bedrooms, a heated pool and four acres of gardens
Fairoak Farm has five bedroom suites, gym, outdoor swimming pool and golf course
Chic two-bedroom river-fronted flat with a private lift that delivers you directly to your home
A spectacular seven-bedroom Tudor pile, once owned by Henry VIII, with 18 acres of land
A seven-bedroom Georgian property previously used as a picturesque wedding venue
A split-level flat in a church conversion with two en suite bedrooms and 1,200sq ft of living space
A three-bedroom bungalow situated behind an impressive stone wall, £645,000
Windsor Castle overlooks this three-bedroom Victorian cottage located on one of Windsor's smartest roads
Chapel House is a former vicarage with nine bedrooms in the beautiful Upper Wye Valley
A five-bedroom B&B and separate owner's accomodation with potential for conversion
Enjoy summer by the Thames in this two double-bedroom converted warehouse in Rotherhithe village
A one-bedroom, luxury apartment with private gym and concierge service in Moorgate
A four-bedroom house in Hermitage Gardens with three reception rooms and landscaped gardens
A seven-bedroom Grade II-listed property with a separate self-contained apartment
A five-bedroom Victorian house with three reception rooms and galleried landing, £695,000
A six-bedroom farmhouse with five acres of land in a former cloth-making village
A secluded seven-bedroom detached house with large private garden, £490,000
A three-bedroom cottage overlooking Sarratt village green with open fires and solid oak floors
A three-bedroom maisonette flat in a Grade I-listed, Georgian townhouse in a sought-after location
A one-bedroom apartment located within a private gated development, north of Turnham Green
Look forward to a brighter future at two-bedroom Sunny Cottages, ideal for Londoners looking to downsize
A three-bedroom red-brick cottage with outbuildings and pretty gardens, £200,000
This three-bedroom flat within a former textile factory spans the corner of the fourth floor and has a balcony
A charming four-bedroom Oxfordshire cottage with oak floors and chunky-beamed ceilings, £465,000
A beautiful one-bed flat in a sought-after portered block, with access to Norland Square communal gardens
A one-bedroom flat within a Sixties school conversion with high-spec design and open-plan kitchen, close to Lambeth North Tube, £435,000
A 17th century four-bedroom house, with open fireplaces, cellar and pool, £600,000
A three-bedroom, coach house with luxury open-plan living space and contemporary breakfast bar
A newly refurbished one-bedroom flat in the heart of Mayfair, close to Grosvenor Square
A charming four-bedroom house overlooking Burleigh Square Park, close to Thorpe Bay
A three-bedroom farmhouse with a large inglenook fireplace and exposed beams
A boutique mews house, set around a central courtyard, with three bedrooms and a private roof terrace
A four-bedroom farm-conversion with three bathrooms and two reception rooms
A two-bedroom detached house with ensuite bathrooms and a sun-drenched decked terrace, £750,000
A modern and spacious two-bedroom, penthouse flat with two bathrooms in a prestigious development
A beautifully renovated five-bedroom terrace with three reception rooms and a courtyard garden, £700,000
A four-bedroom period house which has been extended to provide almost 2,500sq ft of living space, £675,000
A pretty three-bedroom Georgian home with a 22ft drawing room and a master suite with a balcony, £525,000
Diving in at the deep end is no excuse for shirking the style stakes
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