Kensal Rise & Queens Park, 69 Chamberlayne Road, London, NW10 3ND
Kensal Rise & Queens Park, 69 Chamberlayne Road, London, NW10 3ND
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New data from the government’s English Housing Survey lifts the lid on how long people stay in their homes.

Private renters – 4.7 years;

Owners with an outstanding mortgage – 8.9 years

Social renters – 12.2 years

Owners without w mortgage – 23.7 years.

The Nationwide has studied this and chief economist Robert Gardener says: “The average time spent in a home is around 14 years, although this masks significant differences across tenure types.

“Those who own their home outright tend to have lived in their current home for much longer than other tenure types, at nearly 24 years on average. 

“However, there is a significant skew in the data, with around a third of those owning outright living in the same property for 30 years or more.

“Those in the private rented sector tend to have the shortest time in a property. There is also a heavy skew (although opposite to those owning outright) with around half of those in the private rented sector being resident in their current property for two years or less.

“There has been a small increase in the average residence in the private rented sector over the last decade, while those owning with a mortgage have seen a small decline. 

“The latter may be partly due to homeowners with a mortgage moving more frequently, although compositional changes may also be playing a role (for example, as the population ages and more people transition into owning outright). 

“Around a quarter of those owning a home with a mortgage had been in their current home for two years or less, suggesting higher first-time buyer activity in recent years may also be a factor.”

As well as considering how long households stay in a given property, there is also data on the current pattern of activity and how much churn in the housing market occurred within and between tenure types.

The data for households who moved in 2024/25 (the most recent data) indicates that moves within tenure types dominate. 

Indeed, around three quarters of all moves were within the same tenure type and a quarter between tenure types.

Those moving within the private rented sector accounted for the largest share of overall activity, with 640,000 moves within the sector, nearly twice as high as the number moving within the owner-occupier sector.

 
Prime minster Andy Burnham has attempted to quell growing speculation that he may make fundamental changes to property taxes this year.

Yesterday he told journalists that he had no intention of scrapping stamp duty in his first Budget, expected in October.

His comments came following criticism from a prominent agent that the new PM was in danger of spooking buyers. 

Simon Gerrard, chairman of Martyn Gerrard Estate Agents, says: If Burnham’s assumption of office is meant to usher in a new era, it’s begun with the same old mistakes made by the short-lived leaders of recent years. That is, with promises of big disruptive change casting a cloud of uncertainty across the market.

“We were supposed to enjoy a period of relative political stability after the tumult caused around the anticipated Budgets of last year. Now we’re back to sweeping reforms and new taxes being mooted through the press. This has a chilling effect not just on the housing market, but the wider economy as people hold fire and press pause on making decisions.

“Burnham would have been far wiser to signal continuity and safety. Our revolving door of leaders keeps shaking everything up in a bid to solve our problems when what the country desperately needs is a steady hand on the tiller to stay the course. Stability and certainty would provide the foundation for confidence, investment and economic growth. Mr Burnham continuing with promises of radical change to cure all our woes is likely to have the same effect as every other time before.”

Burnham now appears to have given a clear signal, telling journalists: “That won’t be happening. It’s just not the case that we are bringing forward plans, on that scale, at this moment in time.”

He was also critical of how such speculation had started. 

However, Gerrard remains critical of other speculation which may be hindering the housing market.

For example, Land Value Tax – another concept that Burnham appears to support, although without giving details.

Gerrard comments: “Imposing an annual land value tax could lead to catastrophe if it is not implemented correctly. Above all, there needs to be an appreciation that the London market is different from the rest of the country. 

“Saddling ordinary people with eye-watering tax bills just because they live in London is illogical. If care isn’t taken, this could see property values in the capital and South East crash, mortgage-holders trapped in negative equity and families unfairly hit with eye-watering bills.

“There are also huge questions around the logistics. It will take three to five years to implement because every property across the country will need to be valued. This will be a hugely expensive and laborious undertaking, which will outweigh any revenue generated for the first few years.

Finally the latest uncertainty is over Capital Gains Tax, which Lord Kinnock – cited by Burnham as effectively his mentor – says should be increased to the same percentages as income tax.

Gerrard says: “Other potential tax rises on capital gains tax or on wealth will backfire as previous attempts have all done. All it will do is deter investment and growth. If CGT becomes too high then it will undo much of the benefit of removing Stamp Duty. Those risking large bills will simply avoid selling and wait for the next government to lower the tax again.”

 

A council says it’s inviting residents, landlords, tenants, letting and managing agents and “other stakeholders” to have their say on new HMO rules. 

The proposed standards set out the council’s expectations for the quality and management of HMOs, including requirements for bedroom sizes, kitchen and bathroom facilities, communal space, storage, refuse and recycling arrangements and other amenities. 

The aim is to ensure that shared housing provides safe, healthy and suitable accommodation for residents while giving landlords clear and consistent guidance on the standards expected.

A spokesperson for Hertsmere council says: “HMOs play an important role in providing accommodation for many people, including young professionals, students and those seeking safe and affordable housing. 

“These proposed standards are designed to help ensure that everyone living in shared accommodation has access to safe, well maintained, and good quality homes. 

“We encourage anyone with an interest in HMOs to take part in the consultation and share their views.”

The proposed standards have been developed to:

  • Improve the quality and safety of HMO accommodation
  • Promote the health and wellbeing of residents
  • Provide clear and consistent guidance for landlords and property managers
  • Support effective and proportionate regulation of HMOs
  • Help maintain high standards across the private rented sector

A number of changes have been made to the Amenity Standards in light of updated legislation and resident and tenant feedback. These changes include additional requirements for landlords to ensure:

· Fire and gas safety precautions are in line with new national requirements

· Refuse is appropriately stored and disposed of

· Garden areas are kept tidy and free from rubbish and debris

· HMOs are inspected on a quarterly basis

· New expectations on the size of rooms within the property, including bedrooms, living areas and bathrooms

Mortgage availability has increased for a third consecutive month, with product choice rising by 45 deals to 7,177 options. 

The market continued its recovery from the severe withdrawals caused by unsettled markets due to the conflict in the Middle East. 

But there are still 307 fewer deals compared to the start of March 2026.

Mortgage product churn continued throughout June, the average shelf-life of a deal now stands at 14 days, one day fewer than the month prior. 

Rachel Springall, Finance Expert at Moneyfacts, says: “Mortgage product choice recovery from the steep drops seen back in April may have slowed, with an uplift of 45 options since the beginning of June, but it is the combined total of 976 deals returning since the start of May that calls for celebration. 

“This equates to around three-quarters (76%) of mortgage deals coming back of the 1,283 products withdrawn in April. 

“Stability appeared to be a recurring theme during June, with the average shelf-life of a deal recorded at 14 days, from 15 days the month before. 

“This is a much more acceptable timeframe compared to the record low of eight days recorded at the start of April. 

“Borrowers with just a small deposit or equity of 10% may be pleased to know that further recovery of product choice at 90% LTV has surpassed 900 options for the first time since the start of March 2026. 

“However, there is still room for improvement across the higher LTV terms, particularly for borrowers who can only amass a 5% deposit; these deals make up just 8% of the core market (5,848).”

Government data shows fixed mortgage rates have recorded their biggest monthly reductions since October 2024. 

Fixed mortgage rates dropped for a consecutive month, citing the biggest monthly reductions since October 2024, with the average two- and five-year fixed rates falling by 0.16% and 0.11% respectively, with both reaching 5.52%, their lowest points since the start of March 2026. 

The downward trend edges the rates away from inversion, where the two-year average rate has been priced higher than the five-year rate for three consecutive months (April to June).

The average five-year fixed rate at 95% loan-to-value (LTV) has dipped below 6% for the first time since March 2026.

Ian Harris, NAEA Propertymark President at Propertymark, comments: “Any fall in mortgage rates should help boost flexibility for both buyers and sellers, and it could perhaps be a sign that the UK housing market is overcoming what may be the worst of the mortgage rate rises witnessed in recent years.

“However, with inflation figures due next week, all eyes will likely turn to the Bank of England and its next base rate decision at the end of the month. There has been speculation that we may see a rate rise over the coming months, which could shift sentiment among lenders as the year progresses.

“Also, the appointment of a new Prime Minister could create uncertainty among buyers and sellers due to potential changes in housing policy going forward.

“So, while today’s news is welcome, it is important to consider the wider economic picture and the many different scenarios that could play out over the coming weeks and months.”

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