Current Statistics ►

Estimates recently published in the ONS’ survey on ‘Families and Households: 2017’ show that the number of families in the UK have increased by 8.1% over the last ten years to 18,997,000.

Married couples and those living in civil partnerships are the most dominant group, with civil partnerships driving the growth of this group, increasing by 66.7% (versus 4.8% for married couples) particularly at younger age groups.

14 million dependent children are currently estimated to be living in families in the UK. It is, however, families with no children or no dependent children that were more common. Some 6.6 million (40%) 15-34 year olds live with their parents.

The ONS suggests that the larger numbers of young adults tending to stay at home for longer may be explained by staying in education and training for longer, formalising relationships and having children at older ages, and increased costs in renting or buying a home.

September 2017

After months of hard work, our new website finally went live over the weekend and is looking fantastic! Why not have a good look around and see what amazing new features and information are included. 

www.heather-lay.co.uk

 

 

Natalie took part in the Cancer Research Race for Life Pretty Muddy on Sunday 3rd September. It was "pretty muddy" due to the Cornish Autumn weather, but a brilliant time was had by all and Natalie raised a fantastic total of £183.00 for Cancer Research!

August 2017

h_l_banner

Our new banner has arrived today ready for tonight, and it looks great!! We are proudly sponsoring the Pink Wig event which is part of Falmouth Week and raises funds for vital research projects, the best care for breast cancer patients in Cornwall and a safer future for the next generation.​

Coventry Building Society Increases Rental Requirement

Coventry Building Society Increases Rental Requirement

Selling GPEA 2nd August 2016

Coventry Building Society increases rental requirement


Coventry Building Society has become the latest lender to raise the rental income requirement on their Buy-to-Let mortgages. As of this week their calculation has increased from 125% coverage to 140%.

This follows a string of lenders who have reviewed their policies in response to a Bank of England consultation earlier this year. The regulator has put a focus on affordability and stress testing to ensure that Buy to Let mortgages remain sustainable, even if costs rise.

Lenders including Coventry, The Mortgage Works and Barclays have already taken action, changing their criteria to account for future increases in costs and the potential for lower profitability.

Clearly property investors need to be aware of the increasing costs, including changes to tax relief, over the coming years and take account of this when planning any future purchases. 

The good news is that Buy-to-let rates are currently very low, so now is a good time to review any existing mortgages and look at cutting outgoings now.


Guild Mortgage Service, Provided by London & Country Mortgages

Residential Sales
01326 319 767

3 Church Street, Falmouth
Cornwall, TR11 3DN

Property Letting & Management
01326 374850

Swingbridge House, Anchor Quay,
Penryn, Cornwall TR10 8GU

Land & New Homes
01326 374850

Swingbridge House, Anchor Quay,
Penryn, Cornwall, TR10 8GU

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