Many Britains are apparently under-estimating the impact of furlough on their ability to get a mortgage and buy a property.A new survey claims that 64 per cent of Britons believe that lenders do not consider… Buyers hopelessly ill-informed on mortgage process, survey suggests
The Property Ombudsman says there’s been a big increase in enquiries to its service in recent months, despite the pandemic. In its annual report – which is out today but covers only the 2020 calendar… Complaints about estate agents jump by a third says Ombudsman
Politicians in one of the most exclusive property enclaves are complaining after average house prices have risen around £100,000 in just 12 months.The latest house price index for the Channel Island of Jersey shows the… Politicians “worried” after house prices rise £100,000 in one year
Yet another housing market snapshot is reporting the stock of property for sale plummeting further downwards.Property website Home says that while the tapering stamp duty holiday will have dampened buyer demand in many areas, supply… Still a Seller’s Market – demand dips but supply shrinks further
HM Revenue & Customs is reported to be targeting recent home buyers after a slump in income from property taxes during the pandemic.An investigation by Boodle Hatfield, a private wealth law firm, has shown that… HMRC targets property transactions after slump in tax income
The controversial proposal by a PropTech start up to charge potential viewers of properties to let or for sale has been given a qualified green light by Trading Standards.The ViewRabbit platform proposes charging prospective tenants… Shock intervention by Trading Standards in ‘charging for viewing’ row
Savills has revised its price forecasts for prime property market across the UK, but when it coms to prime central London it says it’s a case of “recovery delayed”.The agency says that while activity has… “No meaningful price growth” in prime central London, admits agency
Propertymark says the supply of homes on the market has dwindled almost continuously since the start of the year, with 40 per cent fewer homes now than in January.The average estate agency branch has 23… Housing supply slumps 40% since January as agents woo sellers
A leading tax expert is advising investors to “plan your disposals” after new Capital Gains Tax figures have raised speculation of an increase in the near future.Figures from HM Treasury released yesterday show that its… Capital Gains Tax threat returns – property “disposals” warning
The industry is braced for more anti-money laundering compliance processes according to a risk consultancy.LexisNexis Risk Solutions claims its survey shows that nearly four fifths of compliance professionals across the UK’s regulated industries – including… Brexit to increase anti-money laundering red tape, agents expect
