The whole planning approval process has recently come under scrutiny. The latest report conducted by the Home Builders Federation has highlighted the bureaucratic inefficiencies that have persistently slowed down property construction. Considering demand continues to rise across the UK, these inefficiencies are causing significant disruption in securing the development of well-needed properties. Time is now…
A persistent issue in the property market is the generally slow transaction process. According to the Homeowners Alliance, almost a third of adults surveyed believed that the transaction process should be faster. What is further alarming is the reported 300,000 annual fall throughs in property transactions, which cost sellers around £400 million. As a result,…
Buyer activity is currently surging in light of the 1 April deadline, after which point stamp duty thresholds will be lowered from £425,000 to £300,000 for first-time buyers and £250,000 to £125,000 for second-time buyers. Such activity underlines the trepidation customers and industry experts have towards the post-April property market – a period that property…
In what was widely welcomed as a sign of improving economic circumstances, the Bank of England cut interest rates from 4.75% to 4.5% earlier this month, the lowest it has been in over 18 months. Industry experts have noticed a trend in the mortgage market, namely the increased desirability of mortgage schemes available to a…
The most recent data analysis conducted by MPowered Mortgages has highlighted the several distinct advantages of cash buying a property. Not only is it more cost-effective to acquire a property, but there are also several benefits that enable the buyer to extract more favourable terms during the negotiation process. Given the highly competitive nature of…
Despite Zoopla forecasting that the overall property market in London is likely to show signs of low economic growth in 2025, market activity in the capital city continues to hold firm. As the latest data by Savills underscores, the performance of the London property market continues to struggle, yet the one area London is doing…
A striking change will happen at the start of April 2025: stamp duty thresholds will be lowered from £425,000 to £300,000 for first-time buyers and £250,000 to £125,000 for second-time buyers. Reversing the stamp duty thresholds set in September 2022 is going to have a noticeable impact on the performance of the property market. Given…
Based on the UK economy growing for the first time in three months by 0.1%, the case is beginning to be made around the Bank of England lowering interest rates in February. Constitutive with this discourse is the trajectory of property prices across the UK. Fortunately, there is a general optimism that national property prices…
The Welsh Government has been embroiled in controversy following its decision to embrace several suggestions forwarded by the Senedd’s Housing & Local Government Select Committee. The most important suggestion is that landlords have to compensate evicted tenants under particular circumstances, chief among which are landlords wanting to sell or move back into their property currently…
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