Annual house price growth in the UK remained subdued in October at just 0.4% while month on month values increased 0.3%, taking the average price of a home to £215,358. The latest index data from lender the Nationwide also shows that annual growth has been below 1% for 11 months in a row. It means […]
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Dame Judith Hackitt has been named as the Government’s adviser on a new national Building Safety Regulator, providing independent advice on how best to establish the powerful new body. A respected expert in building safety, Dame Judith Hackitt carried out the independent review into building regulation and fire safety that was set up after the […]
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The Financial Conduct Authority (FCA) has confirmed that it has removed barriers that stop some mortgage customers from finding a cheaper mortgage deal. The new rules allow lenders to use a different and more proportionate affordability assessment for customers who meet certain criteria, such as being up to date with payments under their existing mortgage […]
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Buyers spent a total of £2.06 billion on super prime properties in London in the year to May 2019. This was marginally higher than a figure of £2.05 billion in the previous 12 months, according to super prime sales market insight report for Winter 2019 from international real estate firm Knight Frank. The market for […]
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The cost of selling a home through a High Street estate agent can vary by as much as 261% depending on the postcode, according to new research. The figures from GetAgent for consumer group Which? Money analysed more than 40,000 branches that listed properties in over 2,400 postcode areas. It found the average estate agent […]
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The equity release market increased by 8% in the third quarter of 2019 in the UK as older home owners unlocked almost £11 million of property wealth per day. Overall, equity release products provide £988 million of funding to owners aged 55 and over and 33,000 new customers have used property wealth to support their […]
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It seems that in most parts of the country new homes are being built. Drive or walk around and you cannot help but notice that there are developments, almost on every corner. But is it good news or bad? Well, the latest annual British Social Attitudes survey from the National Centre for Social Research (NatCen) […]
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The Berlin City Government has approved a five year rent freeze from early next year which has implications for buy to let landlords investing in the lettings market, it is suggested. The new legislation caps rent at €9.80 per square metre until the end of 2024 and landlords will only be able to increase rents […]
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Older home borrowers who didn’t seek advice on their last mortgage deal are more likely to be on a variable rate mortgage, such as their lender’s SVR, it is claimed. Some 52% of borrowers aged 55 and over who didn’t seek advice are on a variable product could potentially be missing out on competitive fixed […]
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New development corporations are being given funding to kick-start work towards creating new towns and communities in England on a scale not seen since Milton Keynes and Canary Wharf were build. The Government is to provide £10 million in seed funding for councils to develop initial proposals for up to 10 new communities which will […]
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