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 …
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Tips for purchases before the end of the stamp duty holiday
In England the stamp duty threshold sits at £500,000 until 31st March 2020 and buyers completing on their main residence up to this amount before this date, will not pay stamp duty. This is a temporary benefit, and due to the huge surge in the property market currently, applications are taking much longer than expected. …
Be patient with longer timescales for mortgage applications
The confidence in the UK housing market is at a four-year high, according to surveyors and estate agents. Nationwide reports that UK house prices saw their biggest annual rise last month since 2016. On average, values rose by 5% this September compared to September 2019. There has been a huge surge in mortgage applications at …
Working together to navigate the changing market
Responding to the needs of customers affected by the COVID-19 pandemic, mortgage payment holidays can be extended for a further three months, under plans from the government and regulators. The availability of a three month mortgage holiday was first announced in March as part of an unprecedented package of support for individuals, businesses and the …
Positive steps
The housing market has re-opened to a promising start in England. There is cautious optimism as new regulations have been embraced and practices modified. The changes made to accommodate the COVID-19 pandemic have been many and the industry has proven to be resilient and flexible. Safety First Restrictions began to ease three weeks ago with …
A positive start to 2020
Post election bounce in the housing market signals a positive start to 2020 The housing market is responding positively to December’s election result, delivering much-needed stability for home-movers, new Rightmove data has revealed. *figures correct as of 19.02.20 Rightmove reports that there has been a 2.3% surge in the price of property being listed for …