Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Falling longer-term interest rates could lead to cheaper mortgages
Falling longer-term interest rates could lead to cheaper mortgages and improve the affordability position of potential buyers – especially if wages rise.
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Mortgage payment shortfalls hit hundreds of thousands
More than 770,000 households are at risk of falling behind with their mortgages, the financial regulator reveals.
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Strike ‘set to hit’ property deals
David Alexander says strike action by civil servants at Registers of Scotland will delay transactions.
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One in three conveyancers plan to quit within five years
Research from tmgroup reveals a third of conveyancers are planning to quit the sector in the next five years with many looking to go sooner.
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Leaseholders face new questions on building safety
The Law Society says property forms requiring extra information from leaseholders will help buyers secure a mortgage.
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Winkworth to top forecast profit figure in ‘buoyant’ market
The upmarket London-based franchise network says it will beat the expected profit figure of £2.3 million.
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Banks warned not to issue risky buy-to-let loans
The Bank of England says it will be watching lenders more closely as landlords may default on mortgages.
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Boomin collapse leaves Bruce with £4 million bill
Michael Bruce has been saddled with a £4.1 million debt after Boomin went into liquidation.
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GUEST BLOG: New year, new market
Nicky Stevenson, Managing Director of Fine & Country, says that after three years of somewhat unusual housing market activity, 2023 looks to be a calmer market.
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Spectre of interest rate shock looms large
More than 1.4 million households in the UK are facing the prospect of interest rate rises when they renew their fixed rate mortgages in 2023.
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