No Impact: interest rate change not hurting housing market
The Bank of England has raised interest rates for the first time in more than three years, in response to surging price rises. Most analysts believe the increase – to 0.25 per cent from 0.1…
Green Mortgages linked to EPC ratings set to soar in number
Around a quarter of mortgage lenders currently have ‘green’ products promoting improved EPCs – and the vast majority of the rest say similar mortgages are on their way. The Mortgage Advice Bureau tested 64 major…
Cost of moving soars for second year in a row
Research by price comparison service MoneySuperMarket has itemised the additional fees incurred by people moving home. This year’s 12 per cent rise in the cost of moving home follows an eight per cent rise in…
Referral fees and sales and finance back-up offered to agents
A new service has been launched claiming to offer ‘a new supportive partnership opportunity’ for agents to earn referral fees. Cox & Flight Financial Solutions also claims agents using the service will speed up individual…
House prices will still rise even after interest rate hike, says senior analyst
Business consultancy Hargreaves Lansdown is predicting house prices will still rise, even after a possible hike in interest rates later this year or early next. Sarah Coles, personal finance analyst at the consultancy, made her prediction after…
Another jump in house prices confirmed by government figures
House price inflation accelerated to 10.6 per cent in August, up from 8.5 per cent in July as buyers rushed to beat the end of the stamp duty holiday. Government figures from the Office for National…
Housing Market: supply shortage for fifth month in a row
Another market snapshot has identified low supply as the chief characteristic of the sales landscape this autumn. Landmark Information Group’s latest Property Trends Report has identified a fifth consecutive month of low property supply levels,…
Stamp duty boost for first-time buyers? Not a bit of it, claims research
First-time buyers are £25,000 worse off thanks to the stamp duty holiday, according to estate agent comparison site GetAgent. The website revealed that the stamp duty holiday has increased the price of first-time buyer homes…
Conveyancing – is industry-wide UPRN adoption on the cards?
Industry-wide adoption of Unique Property Reference Numbers could be one step closer after an announcement by a major trade body.The Conveyancing Information Executive (CIE) yesterday published a detailed whitepaper, entitled ‘Property Passports: the role of…
Listings crisis as sellers still reluctant to come forward
Parts of Britain are so short of homes for sale they have only half the number of listings to be expected at this time of year.Rightmove says Newmarket in Suffolk is the very worst location…