Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Three major mortgage firms to offer loans for cladded flats
Virgin Money, TSB and Skipton join six others in agreeing to release mortgages on flats with building safety issues.
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Bank of Family lending on the rise as first-time buyers ask for help
Research from Legal & General’s Ignite reveals the number of applicants reliant on gifted deposits was up by 10% in November.
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Greater number of cheaper mortgages on the way as rates head down
The Bank of England said this week that inflation - the rate prices rise at - fell from 4.6% to 3.9% last month, the lowest for more than two years.
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Newbuild boost as units go from launch to under offer ‘in six weeks’
Foxtons says better transport links in the Capital such as the Elizabeth Line is helping newly built properties go from launch to under offer in six weeks.
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Labour promises to undo Gove’s new housing plans on day one
Housing secretary Michael Gove's blueprint for new builds will be thrown out immediately Labour is elected.
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‘Post-Christmas sales surge will be biggest since pre-Covid’
Rightmove reckons the expected surge in property searches on Boxing Day will be almost three times larger than the year before Covid struck.
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Town revealed as 2023’s busiest rental market with 50+ enquiries per property
Available rental properties in the area are receiving 56 enquiries on average from prospective tenants in 2023 data from Rightmove reveals.
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New flood risks could drain more than £20 billion from property values
UK properties could be overvalued by more than £20 billion when it comes to flood risk if conditions continue to deteriorate.
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Bank of England holds base rate at 5.25%
The Bank of England has decided to keep the base rate at the same level for the third review in a row.
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