Second home stamp duty raised to 5% from tomorrow, but relief for first-time buyers and home movers remains until April 2025. Capital Gains Tax increased and thousands of affordable homes to be built. How the Autumn Budget impacts the housing market. Stamp duty increased to 5% on second homes Higher stamp duty thresholds remain in […]
What does the Autumn 2024 budget mean for you? Read More »
The average price of property coming to the market for sale has risen just 0.3% in the past month, much lower than would be expected at this time of year. The data comes from Rightmove: This is a much lower monthly increase in new seller asking prices than is typical at this time of year,
Rightmove details disappointing data on your home Read More »
Rents are starting to fall in parts of the UK, as the pace of rental inflation hits its lowest level in nearly 3 years. Rents start falling in London, Brighton, Glasgow, Nottingham and Worthing A third of London’s boroughs see rents come down Across the UK, rents are expected to rise by just 3-4% in
Rent Start to Fall in UK Cities Read More »
Should you buy your first home in 2024? Mortgage rates have fallen by 1.2% since this time last year, saving the average first-time buyer £100-a-month in mortgage payments and £4,000 on a deposit. Mortgage rates fall from 5.7% to 4.5% in a year, cutting £4,000 off the average deposit needed to buy a first home
Is Now The Best Time To Buy Your First Home? Read More »
It is just speculation for now… There are growing that potential tax changes in the Autumn Budget next month may curb demand and increase downwards pressure on prices in higher-value markets Rachel Reeves has not yet delivered her Budget but it is already having repercussions in the property market. The government has said private schools will
Sell Now to Avoid Capital Gains Tax? Read More »
The amount of photos required to market your home can vary, especially when you consider a larger home would require more photos than a small home. Rightmove, being the UK’s number one property portal advise between 5-9 photos and no more than 12 for your average size home. Getting the photos right in conjunction with
Why photos are so important for your listing and how many is the right amount? Read More »
The new Labour government has introduced a Renters Rights Bill. So what does this mean for renters and landlords? The new Renters Rights Bill is designed to improve rights and protections for renters It will focus on improving the quality of rented homes But growing rental supply is ultimately the long term solution to giving
Renters Rights Bill – How will this affect renter and landlords? Read More »
How does the time spent on the market to agree a sale affect your chances of the sale falling though? We’re looking at the correlation between how long a home takes to sell (sale agreed) and the chances of that home then falling through. Homes that sell in less than 25 days have a 94%
How Likely Is Your Home To Fall Through After “SALE AGREED”? Read More »
The Bank of England base rate has been cut for the first time in four years to 5%. We take a look at what this means for mortgages and the housing market. Base rate cut to 5% after 11 months at 5.25% This cut is expected to deliver a confidence boost for home buyers Average
Bank of England cuts base rate from 5.25% to 5% Read More »
27% of homeowners with a mortgage are on their lender’s standard variable rate. Are you one of them? When your mortgage deal period ends, you’ll normally move onto your lender’s standard variable rate. A standard variable rate (or SVR) is usually a lot higher than your existing rate. Currently the average is averaging out at
You could be paying too much for your mortgage! Read More »
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