Much has been speculated with regard to the upcoming surge of ‘Accidental Landlords‘.The downturn in the housing market over the last two years has prompted many home movers to let their old properties out rather than sell.

The surge in so-called ‘accidental landlords’ has limited the supply of property in the sales market and increased the stock of homes available to let.

Over recent months the increase in ‘accidental landlords’ seems to have tapered off, which may indicate that some of this elevated rental supply is returning to the sales market, with possible negative implications for house prices.

One of the country’s leading entrepreneurs has launched a multi-million pound facility to kick-start the housing market - and estate agents will be at the heart of the solution.

Dragon’s Den star James Caan, famous for using his own money to give fledgling businesses a foothold onto the first rungs of commercial life, now wants to help ordinary people climb the property ladder.

Caan is backing a funding package to take the pain out of buying and selling a home. The fund will offer interest-free loans to cover unavoidable costs such as Stamp Duty and legal fees, which is a multi billion pound market.

Access to the loans will be through a network of carefully selected estate agents across the UK. Caan claimed the scheme is all about getting liquidity back into the property market.

The latest news on the UK mortgage market showed that despite the decreasing interest rates,
many borrowers are still unable to afford a Mortgage loan.

The majority of UK lenders are introducing new criteria along with decreasing rates.

For example, the HSBC has recently launched the a record-low mortgage of 1.99% which is great if you have a 40% deposit.

Of course, the deal might seem attractive to Brits moving homes or remortgaging, however, it leaves out
first-time buyers, who evidently cannot provide the bank with a 40% deposit.