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Despite soaring interest rates UK lenders continue to slash mortgage rates. Furthermore, market indicators show house price rises are not only slowing but poised to drop into negative territory. Zoopla, reports inflation slowing to 7.8%. The property site predicts a further dip into Q1 2023, with a prediction that mortgage rates
Chancellor Jeremy Hunt announced to the House of Commons the highly anticipated Autumn Statement on 17th August 2022. Want to know more? Read our quick glance summary of all the key points. Autumn Statement 2022 Taxation and Wages Stamp duty cuts announced in the Mini Budget will remain but
With the arrival of the new stamp duty rules as announced in the recent mini budget on Friday 23rd September, we provide a quick glance summary of the changes and what the stamp duty rules could mean for you. What is stamp duty? Stamp duty is a tax payable on
The Times newspaper has reported today that Liz Truss is due to cut stamp duty in a mini-budget to take place on Friday 23 September. The Times reports that the move comes as part of an attempt to drive economic growth by enabling more first-time buyers to get on
A changing tide in the housing market is upon us. We look at how homebuyers are having to navigate their way through higher interest rates and an unstable economic climate and consider is it time for a compromise. Purchasing a Home Today The average price of a house in the
The height of the Covid 19 pandemic brought about major house price fluctuations and dramatic price increases for commodities in general. We consider what impacted property prices, during the pandemic, where we are now and the outlook on property prices for the future. The Dip From an economic perspective, price
The Bank of England has removed the affordability test, a measure that has been in effect since the catastrophe of the 2008 housing crisis. While there has been an overall increase in nationwide mortgage rates, this new policy which came into effect on August 1, 2022, is a welcome move
The Bank of England interest rate is at its highest level for 13 years with the potential for another increase on the horizon. Hear from Oliver Meddick, Chief Executive Officer at Home Legal Direct, with his take on current trends in the marketplace together with his conveyancing advice on how
In the run up to Christmas, the Bank of England announced a rise in interest rates from 0.1% to 0.25%. This was the first increase in over three years the timing of which was met with some surprise. The rise in Omicron cases, rising fuel and energy
In 2021, we experienced yet another challenging year and our online conveyancing network was no different. People adapting as best they can to more changes and a welcome return to some level of routine. Uncertainty is sadly escalating again but we believe we are more prepared to
