Annual house price growth recovers to 1.5% in July, according to latest Nationwide house price index, with prices up 1.7% on June. Annual house price growth recovered to 1.5% in July, according to the latest figures from Nationwide. Prices were up 1.7% month-on-month, after taking account of seasonal factors, reversing June’s fall of 1.6%. On a seasonally adjusted basis, house …
Surging interest from vendors took new sales appraisal requests for estate agents to an all-time high of 227% above pre-covid levels in the past week as more and more people manoeuvred to take advantage of the government’s stamp duty holiday, the latest data from the Yomdel Property Sentiment Tracker (YPST) shows. Buyers stabilised at record levels some 79% above the …
LMS, the conveyancing solutions provider, has today published its latest remortgage market update, now to be released every two weeks, tracking remortgage market performance through the COVID-19 crisis. In this update, the ‘final’ week of June refers to 22.06.2020 – 26.05.2020, the ‘first’ week of July refers to 29.06.2020 – 29.05.2020 and the ‘second’ week of July refers to 06.07.2020 …
Chancellor of the Exchequer Rishi Sunak has announced that there will be no stamp duty on homes selling for £500,000 or less; this temporary holiday will last until the end of March 2021. The threshold for ‘no stamp duty’ therefore rises with immediate effect from £125,000 to £500,000. The Chancellor claims that this means nine out of 10 main homes …
The governments announcment has thrown the housing market into chaos.
Propertymark is calling in the government for agents to be trained in the use of software operating the Unique Property Reference Numbers system – similar to car licence plates. UPRN allows each address in the country to have a unique identifying number and can have ‘attached’ to that number the sort of activities and characteristics which agents need to know …
Savills has hailed a “remarkable recovery” in activity levels since the reopening of the property market in England on May 13th, with a surge in prime buyers looking to leave London for more space. The agent said agreed sales in the prime markets of England fell by 72% annually in April, but were up 48% compared with last year as …
uying a home has historically been one the defining traditions among British residents, but over recent decades the affordability gap for buyers across the country has on average continued to stretch, and the inequalities that could deepen as a result of the coronavirus pandemic may lead to greater financial hurdles for many, at least over the coming years.
The start of the new tax year brings changes to mortgage interest tax relief and capital gains tax for buy-to-let landlords.
The emergency measures announced by chancellor Rishi Sunak this week included a three-month mortgage holiday to protect families who may find themselves in financial difficulty during the Coronavirus outbreak.