Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Property fall-throughs ‘likely’ as thousands miss Stamp Duty deadline
More than 120,000 homebuyers will fail to complete their deals before 31 March, and some will pull out, brokers warn.
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REVEALED: Places where estate agencies are the busiest
OnTheMarket reveals the sales ‘hotspots’ around the country where estate agents are hardest at work.
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Rocketing leasehold service charges putting off buyers, says big estate agency
Hamptons says leasehold flat owners are now paying £2,000 a year on average in England, and that mortgage lenders and buyers are now becoming cautious about value and affordability.
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Agents selling 3,000 homes a day and it’s going to get busier!
The number of homes being sold by agents has gone up by 7% over the past 12 months, according to research by Moverly.
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REACTION: Bank of England cuts Base Rate by 0.25%
In a widely anticipated move, the Bank of England's MPC has just voted to reduce the base rate to 4.50%.
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Bank of England expected to cut base rate today to boost economy
Agents have welcomed the widely-expected 0.25% cut by the bank's Monetary Policy Committee as inflation fades.
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FTBs flock to auctions to ‘beat Stamp Duty deadline’
Reports from conveyancers suggest some FTBs are opting to buy at auction as they have run out of time before SDLT rates rise.
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Property investors ‘not put off’ by Stamp Duty hit
Chancellor Rachel Reeves raised Stamp Duty on buy-to-let purchases, but many landlords have been undeterred, according to Julie Davis of conveyancing firm LCF.
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OFFICIAL: Bank of Mum and Dad phenomenon ‘waning’
The number of first-time buyers receiving cash from their parents to help with a home purchase has fallen significantly.
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OFFICIAL: Mortgage borrowing rises £1bn during December
The latest figures from ONS reveal growing buyer confidence as mortgage lending rises to £3.6 billion and mortgage approvals hit 65,000 last month.
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