In a new series of meetings, Move iQ’s Phil Spencer heads up a People in Property Regional Panel Chat, looking at current issues with Propertymark Agents across the UK. Watch below. Agents Stephen McCarron, Derry-based NAEA Propertymark president, David Votta, Kent-based ARLA Propertymark president, Tania Dutnell from Cardigan Bay Properties in…
Rent increases this year have failed to keep pace with the general surge in the cost of living, but that could soon change, warns a specialist rental platform. New market analysis from Ocasa suggests that the average rent bill in this country could reach as much as £2,270 per calendar…
Households could face significant increases in council tax under a plan understood to be under consideration by chancellor Jeremy Hunt and prime minister Rishi Sunak as they explore new options to fill near £60bn black hole in the government finances. Hunt’s autumn statement on 17 November is expected to set…
Jeremy Hunt, the new UK chancellor, has junked the bulk of his predecessor Kwasi Kwarteng’s tax cuts in an effort to calm markets. The chancellor is reversing almost all tax measures announced in the growth plan three weeks ago that have not started parliamentary legislation, he has just said in…
The number of mortgage defaults are expected to increase over the next few months, according to the latest Bank of England data, while the volume of new loans will continue to fall amid warnings that the “golden era” of cheap deals is coming to a halt. The UK central bank’s…
rom today customers buying a new build home can benefit from increased protections in the event of any issues they have with their new home or disputes with their developer. A new code of practice will put significantly more requirements on builders in terms of how they treat their customers…
Mortgage lenders approved significantly more mortgages than expected in August, the latest Bank of England data shows. Mortgage approvals rose to 74,340 last month, up from 63,740 in July and the highest reading since January. Anthony Codling, former City analyst and now chief executive of proptech firm Twindig, said: “Mortgage…
Chancellor Kwasi Kwarteng confirmed a ‘permanent’ stamp duty cut in the mini-Budget announcement on Friday. But the reality is that more changes are likely if the conservatives fail to win the next general election, scheduled to take place in 2024. New polling suggests that Labour is currently on course to…
Digging Japanese knotweed out of the ground is the most effective way to preserve a property’s value, new research carried out by YouGov for Environet UK shows. The study also found that homebuyers were less reassured if a knotweed infestation has been herbicide treated – meaning it could recur. Earlier…
Interest rates have gone up again for the seventh time in just a matter of months. Mortgage holders, house hunters and savers will be affected by the Bank of England’s decision to increase the rate from 1.75% to 2.25%. Homeowners on Standard Variable Rates or tracker mortgages will be hit…
Latest news and updates
The supply of homes for sale has hit a five year high with 20% more homes on the market versus last year, new day data from Zoopla has revealed. Compared to spring 2022, the property websites says supply has improved the most in Cornwall (+159%), North Kesteven, Lincolnshire (+155%) and…
There are promising signs for rate watchers hoping for an earlier interest rate cut, with new data pointing to a cooling economy. UK inflation has fallen to its lowest level in two and a half years, as price pressures continue to ease. The consumer prices index has dropped to 3.2%…
Estate agents would have to go back to school and achieve minimum level of qualifications as part of Labour plans to drive cowboy operators out of the housing market. Labour’s shadow housing minister Matthew Pennycook has tabled an amendment to incoming housing reforms which would require all estate agents to…
