Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Landlord mortgage arrears creeping up, new figures reveal
Statistics from banking trade body UK Finance show an increase in buy-to-let mortgage arrears in the second quarter of the year.
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Cheers Kier? Housing market enjoyed post-Election pick-up, says RICS
The surveying trade body reports the first increase in new buyer enquiries in four months, during July.
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Movemnt adds six big conveyancing firms to growing network
In a new deal with conveyancing services firm LMS, Movemnt and COO Ric Dawson have expanded the network of members.
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Sales market will ‘kick off’ next month says industry figure
Peter Brodnicki, CEO of Mortage Advice Bureau, says a big rise in online searches for mortgages points to a market due to get motoring in September.
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Has London’s billionaire’s property market come off the boil?
Worries of Labour's tax plans mean many ultra-wealthy buyers who would normally buy big houses are purchasing pieds-à-terre instead.
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REACTION: Bank cuts base interest rate as inflationary pressures ease
The Bank of England decided to cut the base interest rate today by 0.25% from 5.25% to 5%.
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Fridays overtake Saturdays for property viewings in London
Claim is made by Liza-Jane Kelly of Savills who says societal shifts caused by Covid mean many people now work from home Fridays and can bunk off for a few hours to view a property.
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Estate agents back giving FTBs ‘first dibs’ over landlords
Among all of Labour’s proposals for the housing market, agents give top-ranking to handing first-time buyers the ability to buy new homes before investors.
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Labour pushes housing target up to nearly two million
Deputy Prime Minister Angela Rayner told MPs the Government aimed to build 370,000 homes each year through reform of the planning system and mandatory local targets.
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Estate agents hail latest Bank of England mortgage figures
Estate agents welcome figures which show new mortgage approvals held steady during the election, pointing to likely more buoyant sales market this year.
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