For example, if one member of a couple shops on behalf of both people, the other might not report a difficulty with that particular activity, though that same person might report it difficult if living alone. Not surprisingly, single people are more likely than other household types to pay for in-home assistance — or to go without the support altogether.
Yet they also have lower median incomes than their married counterparts. Indeed, single people age 80 and over are more than twice as likely to face cost burdens as married couples of the same age: while 22 percent of couples are cost burdened, single-person households are cost burdened at a rate of 48 percent.
Single persons are also more likely to rent their homes than married couples: just under half of owner households age 80 and over are made up of a single person, compared to 77 percent of renter households of the same age. Renting can have many benefits that older adults seek, including more accessibility features and less maintenance than an owned home. However, renters are more vulnerable to changes in housing costs and tend to have far fewer assets, including a home whose equity can serve as a cushion or source of income later in life.
For these reasons, nearly 64 percent of solo renters age 80 and over are cost burdened, compared to 18 percent of couples who own Figure 3. Finally, older single people living alone are more likely to express that they are lonely, which itself is a risk factor for a host of adverse physical and mental health outcomes.
The last time this happened was in March While available stock for sale is still close to record lows, there are signs that this has stopped falling and is stabilising this month, so fresh new choice is slowly growing. More than two-thirds of homes in each of 53 local authorities around Britain have risen by a figure greater than this amount.
Topping the list was Monmouthshire where, according to Zoopla, This was followed by Hastings In terms of rising values over a five-year period, Zoopla said that the South East of England had outstripped all other regions. This is a 1. Halifax said the latest monthly rate of growth is the largest since February It added that year-on-year UK house price inflation was 7.
Wales continues to outstrip any other area in the UK with average annual house price growth of Scotland 8. The South West 9. House price growth in the UK slowed sharply to 0. Nationwide reported Wales as the strongest performing region, with house prices up Next best was Northern Ireland Raising a deposit remains the main barrier for most prospective first-time buyers.
The Office for National Statistics ONS is warning that rising house prices and private rents in rural and coastal areas are increasingly pricing low-paid and young workers out of areas where they live. It says this has implications for hospitality businesses in these areas because it leaves them unable to fill job vacancies. By contrast, the seven areas that each recorded house price falls during July were all in London, including City of London, plus the boroughs of Westminster, Lambeth, Camden, Islington, Lewisham and Newham.
According to the ONS, workers in tourist hotspots earn less on average than people who live there. The ONS also said that hospitality workers were the most likely to be furloughed during the pandemic. As a result, tourist hotspots were among the areas with the highest average furlough rates during this period. Zoopla reported annual house price growth of 6. It added that the property market is moving at its fastest pace in five years, with homes consistently going under offer in less than 30 days since May this year.
Having removed a full-blown stamp duty holiday from England and Northern Ireland at the end of June, the UK government withdraws its remaining framework of tapered stamp duty reliefs at the end of this month. At a regional level, Wales recorded the highest house price growth at 9. In last place came London with growth of 2. It estimated the provisional, non-seasonally adjusted figure for UK residential transactions in August at , This month, the government will bring to an end the temporary Stamp Duty Land Tax holidays in England and Northern Ireland that have been in place since July The measures have incentivised buyers as they looked for properties with greater indoor and outdoor space on the back of the pandemic.
The property portal said there were signs that supply and demand for properties could start to balance out this autumn. The increase in June was Read more about the Stamp Duty Land Tax changes here. From 1 October , the Stamp Duty thresholds will revert to what they were before 8 July The tax holiday for Scotland ended on 31 March The tax holiday in Wales ended on 30 June According to the ONS, the average house price in Scotland increased by In Wales the figure was Regionally, the North East has enjoyed the strongest house price growth over the past year, with a figure of If this is the case, it is certainly good news for those buyers who have missed out in the last six months.
Trussle claims to be the first mortgage broker to offer a service that promises mortgage decisions to customers within five days. It says it is trying to tackle the problems experienced by many would-be borrowers who find it difficult to get a timely mortgage decision from a lender, arguing that the pandemic has exacerbated the issue, with average mortgage approval times slowing down dramatically.
While some lenders such as Halifax are now back to pre-pandemic processing times of around three days, the broker says its internal data suggests other high street lenders can take 15 days or more. Alongside this, Trussle is actively working with a wide range of lenders to improve their approval times and include them in its Speed Promise at a later date. Trussle was created to make mortgage applications easier and now we want to give our customers the certainty they desperately need at a very early stage in the process.
Borrowers will not be required to submit further documentation beyond what is currently required for a mortgage application, and a wide range of mortgage products with market-leading rates will be available, including high LTV, buy-to-let and remortgages.
Terms and conditions apply. Demand has been fuelled in recent months by changes to stamp duty rules, including the ending of the tax holiday in Wales and the tapering of relief in England. You can find out more about stamp duty rates and rules here. In terms of regional variances, Halifax says Wales is the strongest performing area, with annual house price inflation at South-west England is also still experiencing strong growth at 9.
Price inflation in Greater London continues to lag the rest of the country, according to the Index, registering a 1. Over the latest rolling three-monthly period, the capital was the only region or nation in the UK to record a fall in prices Nationwide is launching its lowest-ever mortgage rate for new lending after cutting its fixed and tracker range rates by up to 0.
However, reductions have been made at all loan to value levels so whether someone is buying a new home, remortgaging their existing property or getting a further advance to improve their home we have a range of mortgages on offer to suit their needs.
Halifax has a two-year fixed rate mortgage at 0. Rates continue to fall as lenders try to get more people on their books amid the post-pandemic property boom — despite the fact that the Stamp Duty Land Tax holiday in England, which incentivised so many buyers since July , will expire at the end of September.
In fact, depending on how much you need to borrow, you may be better off choosing a no-fee deal with a slightly higher rate. House prices rose by 2. Activity will almost inevitably soften for a period after the stamp duty holiday expires at the end of September. However, while unprecedented demand has meant sellers have very much been in the driving seat this past year, there are now some great opportunities for would-be house hunters.
In particular, next-time buyers who have equity or larger housing deposits can take advantage of some incredibly competitive interest rates. Zoopla said buyer demand remains strong, up The figures also showed that competition among buyers intensified through the second half of and into It said the average time to sell, measured as the time taken between a property being listed and a sale being agreed, now stands at 26 days, down from 49 days in At a regional level, property price growth around the UK over the past year was highest in Wales up 9.
In terms of city locations, Liverpool led the way with price growth of 9. Zoopla said first-time buyers have been increasingly active in , supported by lenders that have reintroduced products accommodating higher loan-to-value LTV mortgages.
See below for comment on the impact of LTV deals. It attributes this to the fact that high LTV mortgages are subject to stricter lending criteria and require higher credit scores. Circle all the numbers below that make the number sentence correct. Learn more or request a personalised quote to speak to us about your needs and how we can help. Our online tuition for maths programme provides every child with their own professional one to one maths tutor. One to one interventions that transform maths attainment.
Find out more. Support for your school next term Personalised one to one maths lessons designed to plug gaps, build confidence and boost progress Register your interest. Group Created with Sketch. Register for FREE now. October 14, 2 min read. Ellie Williams. What is a number sentence? Download Free Now! Ellie Williams Third Space Learning. With a love for all things KS2 maths, Ellie is a part of the content team that helps all of the Third Space Learning blogs and resources reach teachers!
0コメント