Some Brits don’t have a grasp on how house prices vary across the country, research from online estate agent Housesimple has indicated. One in five Brits (19%) wrongly believe a four-bedroom barn conversion in Blackburn cost more than a two-bedroom penthouse in London – the London home would cost around £2.49m more. People in London […]
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There were 635,277 remortgage cases last year, 4.2% more than in 2018, the 2019 Remortgage Snapshot from LMS has found. 5-year fixed rate products were the most popular, with 46% of remortgagors choosing that product. The average monthly payment decreased to just £181.42. Nick Chadbourne, chief executive of LMS, said: “2019 brought healthy remortgage volumes […]
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Eagle-eyed readers may have noticed my name wasn’t on the site quite as often as usual last week. That’s because I was visiting New York City for the first time. I saw the bright lights – the Empire State Building is still impressive 90 years on – though I later wandered into an area of […]
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Luxgrove has received planning for the Brondesbury Park scheme in London. The developer has received permission to demolish an existing house on the corner of The Avenue and Brondesbury Park. It will then build three four bedroom freehold houses and six two bedroom apartments with roof terraces and parking. Lachlan Ross, chief investment officer, said: […]
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Housing activity increased on both a yearly and monthly basis in January, HMRC statistics show. In January 2020 there were 102,810 residential transactions on a seasonally adjusted basis, 5.2% more than the same month last year and 4.1% more than December 2019. Jeremy Leaf, north London estate agent and a former RICS residential chairman, said: […]
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Property portal Residential People has accused Rightmove of charging agents too much. The company said Rightmove, which is the market leader, charges crippling fees that put a significant squeeze on independent agents. Rightmove angered agents in November by hiking fees, as costs for single-branch agencies vary from £1,936+VAT down to 990+VAT. Christopher May, director of […]
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The conveyancing industry suffered a very sluggish final quarter of the 2019, as quarterly transactions dropped to the lowest level since the second quarter of 2017. There were 226,44 transactions in Q4 2019, 8% fewer year-on-year, amidst the political uncertainty that gripped the nation. The top 200 conveyancing firms recorded a 13% drop in activity. […]
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Southampton is the pet-friendliest city in the UK for renters, according to research from broker Towergate Insurance. This is based on the number of pet-friendly rentals, including rentals with a private garden; those listed as ‘pets allowed’; affordable rent prices; and a lack of neighbour complaints about pets. Other friendly cities ranked in order are […]
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Legal & General Mortgage Club closed on a record year in 2019, with completions totalling £78bn. This is the highest number in the club’s 25-year history, and is a 7% rise from 2018. The completions figure includes product transfers, however L&G said underlying growth still topped 4%. Kevin Roberts, director of Legal & General Mortgage […]
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Mortgage approvals dipped in January compared to a strong December, e.surv’s Mortgage Monitor has found. There were 66,002 residential mortgages approved in the first month of the decade, down 1.8% from December. Richard Sexton, director at e.surv, said: “While the market fell slightly following the December bump, rumours of a Bank of England base rate […]
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