Encouraging signs in the Spring property market

We may not be quite out of the Covid-19 woods yet but the easing of the related lockdown rules across the UK has brought a smile to the faces of many. There is much to celebrate in the property market too – with positive sales figures reflecting the ongoing trend for strong market conditions. According …

Government Launch 95% Mortgage Guarantee Scheme

A new raft of 95% loan-to-value mortgage products are being introduced to the market that are backed by the Government’s new mortgage guarantee scheme. Prospective homeowners – particularly those looking to take their first step on the home ownership ladder, will be able to access 95% loan-to-value mortgage products guaranteed by the government. Chancellor Rishi …

Government plan to rectify unsafe cladding

The Government’s pledge in February 2021 of an additional £3.5billion to help rectify unsafe cladding on high-rise buildings has been welcomed. Supporting people who find themselves living in a situation impacted by unsafe cladding could not be more important. There is understandably much keenness to implement the initiative quickly. In the wake of the Grenfell …

Extension of the stamp duty holiday

Chancellor Rishi Sunak has extended the current stamp duty holiday in his budget announcement on March 3rd 2021, giving a further opportunity for buyers to capitalise on the temporary reduction in rates. Since 8th July 2020, reduced rates of Stamp Duty Land Tax (SDLT) have applied to residential properties, a measure that was introduced in …

2021 Open for Business

It is business as usual in the mortgage market, despite the third national lockdown. With the current global pandemic, like everybody, the whole property market has found itself in a complicated situation, quickly having to learn how to adapt to the changing environment. It is vital to the UK economy that the property market remains …

Equity release uptake climbs back towards pre COVID levels

Q3 2020 equity release market statistics released by the Equity Release Council show a positive upturn. The number of new equity release plans agreed (10,351) increased by 41% from the previous quarter as national lockdown restrictions were eased across the UK. Equity release allows individuals aged 55 and over to release money from the property …

Housing Market News

December 2020 is set to be the busiest month in the housing market in over a decade according to Zoopla. They report that house price inflation is expected to reach 4% by the end of the year but expect house price growth to slow to 1% in 2021. Regionally, the South East saw the greatest rise …