Viewing post categorized under: Property News
Should I Buy, Sell Or Remortgage In An Uncertain Market The UK property market is at its weakest for six years. Prices are either stagnant or falling across half the country. This is according to Britain’s official surveyors body. Reports state that sales will remain “in limbo” until a Brexit deal emerges. According to The […]
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The number of private rental properties in the UK is falling at an alarming rate, particularly in Greater London, according to new figures from Home.co.uk. The number of available homes to rent in Greater London that have been on the market for 20 weeks or less fell dramatically by 24% over the last year, from […]
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Labour has pledged to invest £20m into setting up renters’ unions, intending to support to millions of private tenants across England. In a recent paper, the Institute for Public Policy Research recommended the creation of a nationwide renters’ union and said England could learn lesson from Germany in terms of tenancy security, controls on cost, and […]
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It will soon be possible for leasehold property owners to buy the freehold of their property more easily under plans for an overhaul of a stressful and costly system currently in place. At present as a leaseholder, you must wait two years before buying the freehold to your property and can extend the lease only […]
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Despite Britain’s looming and increasingly uncertain departure from the EU, homebuyers are gradually returning to London’s property market due to falling property prices. Rightmove have reported an upturn in buyer activity which it says has indicated market recovery as average asking prices were half a percent lower — or £3,360 — than a year ago, at […]
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In December 2016, the Competition and Markets Authority (CMA) Published its Legal Services Market Study. It highlighted problems of transparency of price and quality and that consumers did not have enough information before employing a lawyer. Recommendations were made by the CMA, mainly to “deliver a step change in standards of transparency to help consumers (i) understand […]
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The Legal Services Board has given approval to the Council for Licensed Conveyancers to amend its rules and require licensed firms to improve information about costs and whether a referral fee has been paid to an agent. The aim of this is to enable consumers to make informed decisions about their choice of legal service […]
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The Mayor of London has announced a new housing partnership to build 5,000 new houses in the London District. This follows the money given to the city of London to build more affordable housing. Khan secured £1.67 billion from Government for London in the Spring Statement meaning he is able to build 5,000 of the […]
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Property prices in England and Wales increased by just 0.8% during the last year, from June 2017 to June 2018. Sales fell by 3.2% to their lowest level since the stamp duty reform in December 2014. Average prices in June (excluding new build) reached £287,558 whilst the price of a new home is now close […]
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The UK Government are forever bringing in new measures and policies around the housing sector but according to a survey, Britains number one wish is that gazumping is banned. When a sale is agreed on a house and then someone else comes along and offers more, is called gazumping and is hated by 55% of […]
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