Archive | Mortgages

Property Market Review December 2018

Residential Property Review – January 2019

Residential market activity declines In their latest ‘UK Residential Market Survey’, the Royal Institution of Chartered Surveyors have reported weaker market activity, with both supply and demand retreating into negative territory. Their data suggests this trend will continue into the first quarter of 2019. However, they also believe that a “more stable trend is expected…

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Property Market Review December 2018

Residential property review – December 2018

Government revenue from Stamp Duty falls by 10% HM Revenue and Customs (HMRC) have stated that Stamp Duty revenue from residential property sales in Q3 2018 has fallen from the £2.605bn seen in the same period of 2017, to £2.347bn in 2018, as the number of properties liable to tax fell from 302,700 to 279,500.…

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Property Market Review December 2018

Residential Property Review – November 2018

How did the last budget affect the market? The Chancellor of the Exchequer, Philip Hammond extolled his latest budget to the nation in October, but how did his announcements affect the residential property market? Encouragingly, his comments boded well: “The Government is determined to fix the broken housing market. Building more homes in the right…

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Property Market Review January 2018

Commercial property sales forecast to exceed £50bn in 2018 Research conducted by Colliers International, has projected commercial property sales in the UK to exceed £50bn this year and challenge last year’s total of £55bn. Whilst the industrial sector will follow its recent upward path, so too will retailers seeking warehouse space for their burgeoning online…

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Property Market Review November 2017

Record year for London commercial property market This year the commercial property market in central London is set to exceed £20 billion of transactions and may well surpass the record set in 2014 of £21.6 billion, according to the property adviser Savills. Their data reveals that the first nine months of the year saw £14.2…

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Property Market Review – Jun 6 2017

Our monthly property market review is intended to provide background to recent developments in property markets as well as to give an indication of how some key issues could impact in the future. Capital values increase across the UK The latest monthly report from CBRE, the commercial property and real estate services adviser, shows that,…

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Property Market Review December 2018

Is the ‘Bank of Mum and Dad’ set to go overdrawn

The continued rise in house prices has had a major impact on family finances. Understandably, children want to leave the family home, live their own lives and inhabit their own space. They start looking into the cost of making the move to a home of their own and then find that they can’t make the…

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Property Market Review December 2018

Residential Property Update

The UK housing market continued to be buoyant in the first quarter of 2016. Activity was fuelled by the rush to complete buy-to-let property transactions before the stamp duty change on second properties came into effect in April. Consequently, house purchase activity experienced a sharp fall in April, which was especially evident for buy-to-let. Director…

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Property Market Review December 2018

Mortgage limit rises to 85

There’s good news for older borrowers as more lenders are now prepared to offer loans with an upper age limit for final repayment of 85 years. Former Government Minister and financial campaigner, Ros Altmann, has often drawn attention to the plight of those over 55 looking for home loans, commenting that they are “facing age…

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Property Market Review December 2018

What rate do you pay on your mortgage?

If that question had you stumped, you are not alone. One in three borrowers was unable to give the correct answer in a recent survey1. When it comes to knowing their numbers, mortgage holders in Wales were the most aware at 79%, compared with 65% in London and 63% in the South East. Those who…

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