Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Industry poll reveals surprisingly ‘strong confidence’ in housing market
First-time buyers the source of most optimism amongst panel of industry heavyweights, according to Matthew Cumber, boss of Countrywide Surveying Services (CSS).
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Support for digital property packs grows as ANOTHER report slams conveyancing
A poll of more than 5,000 estate agency customers shows strong support for digital property packs to overcome conveyancing problems.
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INDUSTRY REACTION: Shock rise in inflation to derail rate cut hopes
Higher bills and taxes push inflation to 3.5%, putting pressure on Bank of England to put further interest rate reductions on hold.
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Surge in zero-deposit mortgages to ‘reignite first-time buyer market’
Rise in the number of mortgage products offering 0% deposits will be a lifeline to FTBs who are struggling to save for deposits, it is claimed.
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100,000 asking price reductions recorded last month – most for six years
Data from TwentyEA shows there were nearly 105,000 reductions in price in April as market reacted to Stamp Duty deadline.
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Buyers market emerges as supply of homes hits ten-year high
Supply is outpacing demand according to the latest Rightmove report which shows record prices but the lowest May growth since 2016.
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Mortgage repossessions jump by a third as cost of living crisis bites
New figures from the Ministry of Justice show that mortgage repossessions were up 31% compared to last year, and landlord repossessions 5%.
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Lender launches 100% mortgage without usual strings
April Mortgages is now offering no deposit home loans at 5.99%, and there are no requirements to provide a guarantor.
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London’s great again! US buyers defy Trump tariff chaos
New figures from Rightmove show that potential investors from the United States have jumped nearly 20% in the last year.
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Mortgage criteria changes providing ‘big boost to housing market’
A raft of changes to lending criteria and falling borrowing costs will give buyers improved access to cheap finance, according to lender Hodge's Emma Graham.
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