As autumn leaves start to fall and there is a notable chill in the air, many estate agents and conveyancing solicitors might be hoping for the usual autumn bounce of the property market, so far this has yet to materialize. RICS Survey A survey conducted by the Royal Institute of Chartered Surveyors (RICS) shows that […]
One of the first things you need to do when buying your first home is instruct a conveyancer, this could be a solicitor or licensed conveyancer. The best way is to choose a conveyancer is by recommendation from family or friends, failing that check out Google reviews and get at least three quotes from reputable […]
Interest rates have risen for five months in a row, and are expected to go up further in 2022, could this risk mortgage lenders down valuing properties Mortgage lenders are becoming more cautious as the cost of borrowing rises. High borrowing costs lead to lower house prices and lenders have a real concern that the […]
HMLR’s Property Alert service tells you if anyone applies to make changes to your property’s details, including someone taking out a mortgage against it or making an application to change ownership.
House prices in England rose at their fastest pace since 2004 last month after the chancellor, Rishi Sunak, extended stamp duty relief on property purchases, a Nationwide survey suggests. Property prices in England rose by 2.1 per cent in April. Compared to April 2020 this is a rise of 7.1 per cent. The survey suggests […]
Introduced last year as a response to the pandemic, the chancellor’s tax concession means no stamp duty land tax (SDLT) is paid on the first £500,000 of a property sale. However, all rates are set to return to their pre-pandemic thresholds on 1 April. For buyers this will mean the end of a tax saving […]
Local authority search services are buckling under the strain of homebuyers trying to beat the stamp duty (SDLT) deadline. Local Authorities are warning they cannot complete searches in time for home buyers to benefit from the stamp duty holiday which ends on 31 March 2021. Stamp Duty Holiday The chancellor raised the stamp duty threshold […]
After almost two months in deep freeze, the housing market is open for business again, but this is not the housing market we knew before lockdown. The government’s re-opening of the market, came as a surprise to conveyancing solicitors, surveyors, estate agents, and removal companies, this has left them scrambling to put safety measures in place.