Property price rises in UK

UK property prices continued to grow in October. House price growth increases in further coming months, very low mortgage rates and a shortage of properties available for sale should help support price levels. The overall UK housing market picture as positive in light of enduring supply and demand fundamentals and no sign that the government Read More

Leasehold properties are booming in London

Leasehold properties are doing well in England and Wales, particularly in London and Manchester. Half of the homes in cities such as London and Manchester are leasehold. According to the home conveyancing services My Home Move, around 52% of homes in London and 45% in Manchester are leasehold, while overall in the country just 15% Read More

Properties in Bristol and Edinburgh sell fastest in the UK

Homes in Edinburgh and Bristol sell the fastest in the UK. According to the to the latest city rate of sale report from Post Office Money Mortgages, house price hotspots Brighton and London have seen the sharpest increase in the typical time that properties spend on the market, taking more than 20% longer to sell. Read More

Residential market are expected to be strong and active in UK

UK housing market is expected to be strong and active throughout Brexit process. The latest forecast from real estate firm JLL says that there will still be moderate growth with the residential market. Greater London is predicted to do well with growth of 1% in 2017, some 2% in 2018, then 3% in 2019, 5% Read More

Significant low rates promotes UK home owners to remortgage

 The low rates encourage UK home owners to remortgages, two thirds of remortgages in the UK plan to remortgage again in the next four years. As per the research of conveyancing panel management specialists LMS, the choice of lender is driven by rates available with 11 out of 20 picking a lender for this reason Read More

UK residential rental home supply rises

The supply of homes to rent reaches highest level for 18 months with demand. According to the Association of Residential Letting Agents (ARLA) report, the number of rental properties which are managed by agents has reached over 190 in September, 183 in August and highest was 205 in April. In line with expectations, demand from Read More

UK home lending market reaches gross over £20bn in September

The UK home lending market has shown the gross mortgages reached £20.5 billion in September which stays unaffected by Brexit. According to the Council of Mortgage Lenders data, since 2007 this was the highest September lending figure, however lower by 7%when compared month on month. The gross mortgage lending for the Q3 of 2016 was Read More

House prices in England and Wales up 3.5% year on year

House prices across England and Wales were leveled in September which is now up 3.5% year on year. The average price of a home is now almost £10,000 more but some regions are seeing strong annual growth while prime property in London has recorded the biggest slowdown. According to Your Move data, London had the Read More