The UK housing market will bounce back once the current coronavirus crisis has passed. This is according to Guy Gittins, who is managing director of London estate agent Chestertons. He said: “The bottom line is that people still need to move, still trust property as a solid long-term investment and are not expecting prices to change […]
The government is currently protecting renters from eviction as a result of enacting the Coronavirus Act 2020, ensuring that anyone struggling with rental payments due to the coronavirus can apply for a three-month payment holiday, but a new survey has laid bare the collision course set to develop between tenants and their landlords. The poll […]
Annual house price growth reached 3.3 per cent in the first quarter of 2020 before the coronavirus pandemic hit the property market, new figures reveal. The latest quarterly regional breakdown from IHS Markit, which produces the Halifax index, shows that average prices reached £240,257 across the UK in the first three months of this year. […]
The UK housing market will bounce back once the current coronavirus crisis has passed. This is according to Guy Gittins, who is managing director of London estate agent Chestertons. He said: “The bottom line is that people still need to move, still trust property as a solid long-term investment and are not expecting prices to change […]
With a housing market practically aground due to the Covid-19 pandemic, the industry is on a difficult course. But it has weathered storms before and will survive this one, says Rebekah Commane There is no doubt these past few weeks have been some of the toughest on the mortgage industry in living memory. After three-and-a-half […]
Annual house prices in the UK grew 3 per cent in March, up on the 2.8 per cent seen in February. However, a monthly comparison results in zero change, giving an average house price of £240,384. The lender adds that there was a quarterly rise of 2.1 per cent. Market commentary broadly agrees that not […]
The UK housing market is frozen. And when it does eventually thaw out, the traditional factors that drive prices will no longer apply. The day of reckoning may have finally come for house prices. It’s not looking good for the housing market. © Getty Back when I was a student in the early 1990s, I […]
Read our latest guidance On Thursday 26 March, the Chancellor announced support for self-employed people facing financial hardship. You can read about it in our news article. On Friday 20 March the Chancellor announced additional support for people facing financial hardship as a result of the coronavirus outbreak. You can read about it in our news article. […]
Fresh research shows almost half of landlords are considering divesting their portfolios and leaving the PRS due to an increase in regulation and rules. A survey of 1,000 landlords commissioned by Aldermore Bank revealed that 48% are now considering fleeing the market, and that would dramatically reduce the supply of much needed privately rented homes. Recent […]
Stamp Duty, now known as Stamp Duty Land Tax or SDLT, is a tax on land and property transactions in England and Northern Ireland. Wales has a similar tax, called Land Transaction Tax. It is paid by the buyer. The name comes from the way in which the tax used to be paid. Originally, conveyancers sent completed […]