UK House Hunters Would Pay 5 Per Cent Extra for Faster Broadband Homes

A new trial conducted by independent estate agents Delaney’s in Essex (England, UK) has revealed that houses which were advertised alongside their broadband ISP download speeds were twice as likely to get a viewing request and scored 40% more online web page views in general.

The study, which involved BroadbandChoices.co.uk, also found that a third of the 2,000 strong house hunting respondents would be willing to pay between 2% and 5% extra for a home if it meant they could have a “high speed broadband” connection. That could mean adding anything from between £4,000 to £10,000 on to the price of a home advertised at £200,000.

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Taxpayers subsidise buy-to-let landlords by £2bn

Buy-to-let landlords are enjoying a tax subsidy in the UK worth £2bn a year – the same amount being axed from the national housing benefit budget, research from investigative website Exaro, reveals.

That figure is expected to rocket to £3bn in coming years, raising questions about whether buy-to-let (BTL) should be subsidised so heavily by other taxpayers.

Landlords currently own 1.4m properties with a collective BTL mortgage of £160bn as of June - up 250,000 since the financial crisis of 2008, according to the Council of Mortgage Lenders.

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Lettings market strengthens

LSL Property Services said in England and Wales the average rent rose by 1.2% to £734 per month in August, surpassing July’s record high of £725. Rents climbed by 2.9% compared to August 2011. 

Tenants saw rents reach record highs in five regions in August, hitting new peaks in London, the South East, the East of England, the North West and Yorkshire & the Humber.

On a monthly basis, rents rose in eight regions. The South East saw rents climb the fastest for the second month, rising by 2%, while rents in both London and the East of England rose by 1.6%. Rents decreased in Wales and the West Midlands.

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