Postcode lottery in estate agent’s fees

Extract from Redwood Financial’s Property Review November 2019 New research from Get Agent, the online estate agent comparison site, has found that selling your home through a high street estate agent can vary by as much as 261%, depending on your postcode.  The researchers analysed data from over 40,000 branches, listing properties in more than…

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Mortgage broker outlook is confident.

Extract from Redwood Financial’s Property Review November 2019 According to the latest Mortgage Market Tracker survey from the Intermediary Mortgage Lenders Association (IMLA), 91% of brokers said they were either ‘very confident’ or ‘fairly confident’ about the outlook for the mortgage industry.  Executive Director of the IMLA, Kate Davis, said: “Continuing political uncertainty has failed…

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First-time buyer numbers hit a 12-year high

Extract from Redwood Financial’s Property Review November 2019 Numbers of people buying their first home reached a monthly high in August, achieving a level not seen since 2007, before the financial crisis. The average first-time purchaser borrowed £175,361 or around 80% of the property value. The amount borrowed equates to a multiple of 3.52 of…

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Price growth strong in Scotland and Wales

Extract from Redwood Financial’s Property Review October 2019 The latest UK Housing Market Update from Savills, states an expectation that average house price growth will remain flat throughout 2019, revised down from a predicted growth of 1.5%, made in November 2018, under an assumption of an orderly Brexit.  The update states that uncertainty has increased…

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UK rents reach record high

Extract from Redwood Financial’s Property Review October 2019 The latest figures from the Association of Residential Letting Agents (ARLA) show the cost of renting rose for the third month in a row, to reach the highest figure on record. The July figures saw almost two thirds (63%) of agents seeing landlords increasing rents, which is…

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Spending review disappoints property industry

Extract from Redwood Financial’s Property Review October 2019 Early in September, Chancellor Sajid Javid announced extra funding for local authorities, but the property industry has expressed disappointment that the Spending Review did little to benefit housing and planning. Melanie Leech, Chief Executive of the British Property Federation said: “Additional funding for local authorities is much…

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Property Market Review August 2019

Buyer’s market likely in second half of 2019

Extract from Redwood Financial’s Residential Property Review August 2019 Recent research from Rightmove indicates that buyers may be able to obtain good deals in the remainder of 2019, with lower prices combined with high stock levels.  The research also shows that market fundamentals such as low interest rates and record employment levels remain strong. Additionally,…

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AquAid Elephant pump in Zimbabwe

Redwood drinks to AquAid’s involvement in Africa.

At Redwood Financial we’re aware that keeping our staff members hydrated will aid them to perform at their very best throughout the work day. As a result, we decided to invest in watercoolers from AquAid. Our unique relationship with AquAid has also given our company the opportunity to help those less fortunate than ourselves, because…

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General and commercial insurance

An introduction to Consort Insurance

As part of my ongoing service to my clients, I would like to introduce Consort Insurance Services Limited to you. Our Aim Consort Insurance Services, based in Horsham, West Sussex, is an independent insurance broker committed to the provision of bespoke insurance solutions for our clients. Our aim is to provide the most suitable suite…

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