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Property Market News

Stay up to date with the latest news from the property market, along with helpful insights from Home Legal Direct.

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Property Market News

The effect of Covid 19 on housing prices

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

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Property Market News

Bank of England relaxes lending criteria

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

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Property Market News

A conveyancers take on the effects of rising interest rates

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

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The rise of interest rates: Should you be concerned?

         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

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Reflections on 2021 from a Conveyancing Network

         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

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Moving in 2022? Instruct your conveyancer early!

         Whether you are buying or selling, it is best to instruct a conveyancer to handle the legal changeover. While it is possible to do it yourself, conveyancing is a high-risk process, and you will be liable for any mistakes you make. If you are selling a property,

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Stamp duty holiday: Savings are still to be had!

Over the last year, the property market has revolved around the stamp duty holiday. Following the announcement in July 2020, fresh energy swept the market as buyers raced to benefit from the savings. While the market was busy, onlookers nervously anticipated the impact the holiday deadline might have. Even with

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Gazumping is back! Top tips to protect yourself

When a buyer finally finds the property they have been searching for, it feels like a dream come true. The excitement and sense of relief that their search is over can be overwhelming, but it is easy to think that the hard part is over. Unfortunately, for thousands of buyers

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Taking a closer look at the UK Mortgage Guarantee Scheme

The April budget speech gave first-time home buyers more than a glimmer of hope, with the introduction of a Mortgage Guarantee Scheme. This government measure aims to inject life into the lackluster UK private property market, and helps buyers of homes purchase the properties they would otherwise not be able

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The launch of the Government-guaranteed mortgage scheme!

If you are a prospective homebuyer, you have likely heard of the latest Government initiative. Many are set to benefit from the launch of the new Government-guaranteed mortgage scheme. Following the Prime Minister’s pledge to help  generation rent become  generation buy, the new scheme is set to help thousands. While

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