What is the outlook for the property market?
Compared to this time last year, the value of the homes being sold in the UK has practically doubled in the first 15 weeks. During this period, around £149 billion pounds worth of property transactions have taken place, with industry sources predicting this to climb even higher for the rest of 2021.* How busy is […]
What do buyers and renters find essential in the current climate?
More than a quarter of UK homeowners and renters have claimed that their property priorities have changed since the COVID-19 outbreak. Previously highly-sought after and high-value property features have dropped down the priority list for homebuyers and tenants, as they now seek different factors when looking for a property that meets their […]
How much hidden equity is in your home?
It has been reported that almost half of homeowners are undervaluing their homes, including some cases where the properties were worth nearly £50,000 more than they realised. Zoopla reports that only three in ten people have an accurate idea of how much their home is worth, with 45% undervaluing and 25% overvaluing.* […]
Property Market Boom
Property Market Boom leads to more sales and higher prices The average UK property price has risen by 8.6%, which is roughly £20,000 in the past year. This is the highest annual rate since 2014 according to the Office for National Statistics. Over the year, house prices in England […]
Mortgage agreements for early 2021 at their highest since 2007
Mortgage approvals have reached a 14-year high, propelled by last year’s property market boom. The Bank of England’s mortgage data from the end of last year shows a 24.2% increase in mortgages agreed compared to the previous year, and at any time since the global financial crisis, with £87.7 billion worth of mortgages […]
The key trends we have noticed during the pandemic
A year of being homebound has given us a lot of time to reflect on what’s important in our personal and professional lives, and we’ve seen a huge shift in attitudes within the property sector too. Over the last 12 months, there has been a huge change in the way homeowners and tenants view their […]
Chelmsford now one of the most in demand locations!
Following the Chancellor’s decision to temporarily cut Stamp Duty, there has been a surge in property searches. Property portal Rightmove experienced a record surge in property searches – showing just how effective a stimulus the Stamp Duty cut could be. The website attracted 8.5 million visits on the day of the Summer Statement, when the Chancellor’s changes […]
Good News for First Time Buyers
Over the last 12 months, first-time buyers have found it more difficult to move forwards with their purchase plans, as low-deposit mortgages became increasingly scarce. Now that lenders have begun to re-introduce their 10% deposits, the current situation is looking up for new homeowners, as the number of available products at 90% loan-to-value […]
Stamp Duty Holiday Extended
It’s been estimated that 600,000 homebuyers agreeing a sale from May 2020 onwards will not pay any stamp duty at all and are set to be saving £5 billion in total – that is an average of £4,660 each, according to Zoopla. Last month, many questioned whether the further 140,500 waiting to complete would be […]
UK Housing market set to grow 4% in 2021
As we come into the new year, the housing market is forecast to continue its positive state, according to Rightmove. House prices are set to grow an average of four per cent, despite the stamp duty holiday ending soon. The market has seen a great increase in demand since the first lockdown, with […]