The Bank of England base rate has been cut for the first time in four years to 5%. We take a look at what this means for mortgages and the housing market. Base rate cut to 5% after 11 months at 5.25% This cut is expected to deliver a confidence boost for home buyers Average […]
Bank of England cuts base rate from 5.25% to 5% Read More »
27% of homeowners with a mortgage are on their lender’s standard variable rate. Are you one of them? When your mortgage deal period ends, you’ll normally move onto your lender’s standard variable rate. A standard variable rate (or SVR) is usually a lot higher than your existing rate. Currently the average is averaging out at
You could be paying too much for your mortgage! Read More »
The Renters Reform Bill has already passed through the House of Commons and entered the House of Lords. However with the recent change in political party how will this affect its timing? The Renters Reform Bill is one of the most significant legislation documents for private renters and landlords in the past 30 years. First
What is going on with the Renters Reform Bill? Read More »
Current housing conditions The sales market has been more resilient in the face of higher borrowing costs than many expected – but the adjustment is still ongoing. Historically, moving from 1% to 5%+ mortgage rates would have led to a double digit drop in house prices. Mortgage regulations introduced by the Bank of England in
What we should expect from the new government policies? Read More »
Moving home can have a huge impact on our lives, it can also be expensive, stressful and a time consuming process, so why do so many people do it? There are so many memories we associate with the properties we call home. Approximately 50% of people who move home do so because their current home
The most popular reasons people move home Read More »
Your garden can tell a story through plants, design, reflecting personality, style and tap into our emotions. They tell the story of imagination, discovery, ambition and our of ideals. It is a way of surrounding yourself not only with plants that you love but also with unique memories. With the summer here, we take a
Your garden is another room and you have the key Read More »
A record high of homes are currently on the market for sale in the UK since 2016 Supply of homes for sale is 20% higher than this time last year, with £230bn worth of housing for sale, up £45bn on this time last year The average estate agent has 31 homes for sale, the highest
Record High of Homes for Sale Since 2016 Read More »
34% of homes for sale are cheaper to buy than rent, with the average first-time buyer saving £93 a month on a mortgage instead of renting. A third of homes listed for sale or 34%, can be bought with a mortgage and repayments that cost less than the average rent in the same area Buying
On Average it is Now More Affordable to Buy than Rent in the UK Read More »
Local Searches Both buyers and sellers can get frustrated by the delay in receiving the result of their local authority searches. This is commonplace with many local authorities. When considering searches, an official or a regulated (personal) local search can be carried out. More lenders are now accepting official searches in addition to regulated searches
Conveyancing: Local Searches Taking A While? Read More »
eXp UK has announced that three estate agency businesses have agreed partnerships under the “new company version” of the model, which was developed by previous Keller Williams agents to operate more independently. The platform for personal estate agents, and now existing estate agency businesses, has today confirmed that Sullivans, Taylor Millburn and Every Step of
High street agencies have “more” options to adopt “new” modern estate agent models Read More »
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