The UK property market is exciting but it can be difficult to keep a track of all the changes. Our blogs are here to help you understand how market conditions might influence the sale or purchase of your property.
We look at everything from market trends to house prices, from stamp duty to property hotspots and from mortgages to the cost of living.
If you want to find out the current property news or understand how conveyancing works look no further.
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The level at which stamp duty starts being charged doubled last week. This will save some home buyers thousands of pounds. Chancellor Kwasi Kwarteng announced that SDLT would not be charged on the first £250,000 of a property purchase for people moving home. This has risen from the current level of £125,000. Furthermore, to help people get on to the […]
This week, the BBC Has reported that the average UK house price hit a new record in April but that growth is set to slow this year. This is due to inflation and interest rates rising. Best Conveyancing Quotes HERE The Halifax reported the following: House prices increased by 1.1% in April The tenth consecutive monthly rise, the longest run […]
The price of property entering the market has hit another record high for the second month running, with the national average asking price now being £354,564. This 1.7% (+£5,760) increase is the largest at this time of year since March 2004. Compare Conveyancing Fees Here. Also, the annual rate of 10.4% is the highest recorded by Rightmove in a month […]
The pandemic presented the construction industry with many challenges resulting from national lockdowns and strict social distancing guidelines. With many UK building sites closing in early 2020, the supply of new build properties fell significantly over the past 12 months. In fact, Data suggests as many as 42% of residential construction sites had to shut down by the first week […]
There’s no doubt 2021 was an interesting year for house prices. According to the latest Office of National Statistics House Price Index, prices increased by nearly 11% year on year. Wales posted the highest growth of 13%, with England and Northern Ireland the lowest at 11%. London continued to experience the lowest regional growth at 5%. The UK […]
It is no surprise that the search for space, instigated by the ongoing pandemic, along with the shift to working from home for many has altered house buyers’ demand and caused house prices to climb at more than four times the rate of flats. In fact, the average cost of a house rose by 5.2% over the last year, while […]
Under new rules that came into force in April 2020, landlords will progressively lose valuable tax relief on their buy-to-let mortgage costs. This article will explain what the changes mean for you. Buy-To-Let Mortgage Interest Tax Relief? Since April 2017, the way landlords have had to declare their rental income to HMRC has begun to change. Most landlords will see […]
It’s safe to say that there has never before been a year like 2020. It seemed like there was no end in sight to the unfolding developments that threw businesses into turmoil and caught consumers and investors completely off guard. That said, the Covid-19 pandemic is still an ongoing crisis that governments across the world are struggling to navigate. A […]
House Price Predictions For 2021 Following the Spring 2021 Budget, our property industry professionals have voiced their future predictions for the property market with overall positivity. The Chancellor’s Budget speech announced that the Stamp Duty Land Tax (SDLT) holiday will be extended to the end of June to be followed by a tapering of the SDLT with the nil rate […]
Traditionally, January is considered one of the best times to put your home on the market. But with a global pandemic and UK wide lockdown (thankfully soon to be eased), is now really the best time to be moving house? A Good Time For Sellers The housing market is still open despite the current lockdown meaning that people looking to […]
