It might seem odd for us to be writing about last years exceptionally hot weather, especially in the middle of winter with frost fairly ubiquitous and we even had snow in the South of the UK last December. Since annual records began 140 years ago, 2022 has been the warmest year for the UK. The […]
2022 was the hottest recorded year for the UK Read More »
There are many things that can affect the market, here we discuss some of the key disruptors to the property market since the pandemic in 2020. Westminster; we have had three prime ministers, four chancellors and four home secretaries in 2022, some having very different policies. Property listings; when a property is listed all non-avoidable
What factors have affected the property industry in 2022? Read More »
With some mortgage rates reaching a high as 6.5% in 2022, there were many predictions of house prices falling in 2023, however the demand remains strong for many properties throughout the UK. Banks will be keen to make mortgages available in 2023 and are coming up with options to make sure customers can afford the
Sales Market Overview Read More »
Despite the latest increase to the Bank Rate, mortgage rates are expected to continue to edge downwards during the coming weeks. The Bank of England has increased interest rates by 0.5% to 3.5% – the highest level since October 2008 But the rate at which interest rates are being increased has slowed and economists think
Mortgages rates expected to come down, whilst bank rate continues to rise Read More »
With less homes available for rent and rental prices being at a record high in relation to average incomes, we look at how this effects the market and what to expect in 2023. Rental homes a 38% below a five year average Demand is 46% higher for rental properties This imbalance has pushed rents to
Rental Market Overview Read More »
As more homes are coming up for sale across the UK, we find that buyers are given more choice when looking as they are staying on the market longer than previously due to the higher interest rates and the cost of living effecting affordability. The number of homes for sale across the UK is increasing,
More homes for sale, giving buyers more options Read More »
With the cost of living crisis among us, many people still wish to celebrate the holidays with their usual decorations, but are unsure how this might affect their energy consumption. There are some simple changes you can make to help with this. Switch to LED lights (uses up to 90% less electricity than incandescent bulbs).
How to make your Christmas lights and decorations more energy efficient Read More »
Asking your landlord for help can be a good start With the cost of living crisis renters falling into arrears and then being evicted is one of the main reasons for many becoming homeless. Many landlords and employers would be open to helping at this time of the year, but you will need to let
What support is available to renters struggling to pay rent Read More »
House price growth over the last 3 months has dropped to 0.7%, the lowest level since February 2020 – but there are no price falls just yet. Here’s a closer look at what’s happening with UK house prices. House price growth was at 0.7% over the last 3 months, the lowest quarterly growth since February
House price growth slows down Read More »
Stamp duty cuts reversed and rising council tax rates on the way; but the energy price cap remains in place. We discuss how this is to effect mortgage rates and affordability. Stamp duty cuts to be reversed in April 2025 Energy price cap, raised to £3,000, to stay in place for a further 12 months
How the autumn statement is to affect the housing market Read More »
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