There was an increase in the number of first time buyers getting on the property ladder in September compared to the same month in 2018 according to UK Finance. On the downside, however, there was a fall in the number of homes being bought by landlords. Some 29,100 new first-time buyer mortgages were handed out in September, a modest 1.6 …
ARLA has slammed Labour’s intention to introduce rent controls if it gets into power at the next general election. Shadow chancellor John McDonnell said in a speech which also promised 32-hour working weeks, that Labour would “cap rents and build a million genuinely affordable new homes so young people in particular aren’t pouring away thousands of pounds from their wages …
A new era for the entire agency sector begins today, with the publication by the Government of a report calling for minimum standards, a single code of practice, and licensing of agents, with the regime to be overseen by a new regulator. Agents have been urged to start preparing now for the new era. The official report, from the Regulation …
Conservative Party leadership contender Boris Johnson has confirmed his interest in switching Stamp Duty liability from the house buyer to the seller. The switch has been proposed over the years by a number of critics of the existing system, including the Association of Accounting Technicians. Johnson has now met with the AAT and agreed to examine their Stamp Duty recommendation …
Sellers urged to be ‘more realistic’ as price and sales slowdown The price and sales slowdown in London has started to spread further across the south of England, Zoopla has warned. Analysis by the portal – which defines southern England as the south-east, south-west and east of England – found that more than a third (36%) of homes in this …