Five Key Factors That Impact Your Home’s Saleability With the new year just around the corner, you might be thinking about a fresh start with a new property. However, before you dive into marketing your home, there are several important factors to take into account. You typically have two opportunities to make a first impression:…
What Are the Current UK Mortgage Rates? If you’re considering buying a home, understanding the current mortgage rates in the UK is key to making informed decisions. Mortgage lenders frequently adjust their rates, so it’s important to stay updated. What’s Happening with Mortgage and Interest Rates? The Bank of England plays a pivotal role in…
Chancellor Rachel Reeves has delivered Labour’s first Budget since 2010, after the party’s return to power in July’s general election. She announced tax rises worth £40bn. Here is a summary of the main measures: Personal taxes Rates of income tax and National Insurance (NI) paid by employees, and of VAT, to remain unchanged Income tax…
Is 2024 the year for First Time Buyers? Mortgage rates have decreased by 1.2% compared to last year, resulting in an average savings of £100 per month in mortgage payments and £4,000 on deposits for first-time buyers. A third of homes sold in the UK each year are purchased by first-time buyers (FTBs).…
Asking Price Index – August 2024 Here’s a summary of the recent property market trends across England, Wales, and Scotland based on the data provided: Price Trends: Asking Prices: Prices increased by 0.2% over the last month across England and Wales, marking the seventh consecutive monthly rise. This brings prices to a 1.2% increase compared…
Following the Labour Party’s landslide victory in the recent General Election, the new leadership for the Department of Levelling Up, Housing and Communities has been announced. New Secretary of State for Housing Angela Rayner has been appointed as the new Secretary of State for the Department of Levelling Up, Housing and Communities, in addition to her…
During June, the UK property market has continued on a path of cautious optimism. While the rapid growth of previous years has slowed, a sense of stability is emerging, driven by rising buyer demand and potential shifts in interest rates. Key Trends Shaping the Market This Month Market Recovery Gathers Momentum The property market is…
Director Kevin Keehan shares an insight to Poets Corner: Just to the north of the Pearson Keehan office on Portland Road lies the trendy Poets Corner district of Hove. Made up of predominantly Victorian terraced houses, the area was developed from 1880 onwards and is bounded by Sackville Road to the east, Alpine Road to…
Spring home-moving season brings surge in new listings The Spring home-moving season is already warming up, with a surge of new sellers coming to market the day before the four-day Easter break. Thursday 28th March saw the highest number of new properties listed for sale on Rightmove so far this year. It was the third biggest day…
The Chancellor of the Exchequer, Jeremy Hunt, has presented the Spring Budget for 2024. Here’s the relevant breakdown for property professionals. The Spring Budget is one of two yearly announcements on the state of the UK economy. It gives the Chancellor of the Exchequer the chance to present an overview of government spending, revenue gathering,…