Property Market Review December 2018

First-time buyer numbers up 7.9% year-on-year

The latest UK Finance Mortgage Trends Update revealed that in April this year, 27,370 new first-time buyer mortgages completed. This was slightly down on the 28,860 agreed in March, but up 7.9% on a figure of 25,370 recorded in the same month in 2018.

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Property Market Review December 2018

Increase in second home ownership

According to think tank, the Resolution Foundation, the number of British people who own overseas property, buy-to-let or second homes has doubled since 2001, with wealth from owning a second property having risen to almost £1tn.

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Economic Review – April 2019

Stockpiling boosts UK economy The UK economy grew more strongly than expected in February as ‘pre-Brexit’ stockpiling provided a boost to the monthly rate of economic growth. Official gross domestic product (GDP) data released by the Office for National Statistics (ONS) has revealed that the economy expanded by 0.2% in February. While this does represent…

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Property Market Review December 2018

Residential Property Review – April 2019

‘Last-time Buyer’ numbers increase in home purchases Whilst first-time buyers make up just over 50% of residential home purchases currently, a further 30% of purchases, accounting for approximately 200,000 homes, are being made by buyers aged 55 or older. This research, conducted by the Intermediary Mortgage Lenders Association (IMLA), states that of this group, many…

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Economic Review — March 2019

Interest Rates remain on hold Inflation Rate ticks higher Markets BREXIT Deadlock UK Economy stuck in low gear Interest Rates remain on hold The Bank of England (BoE) has once again left interest rates unchanged, whilst reaffirming its belief that near-term monetary policy will remain inextricably linked to Brexit. All nine members of the Monetary…

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Property Market Review December 2018

Residential Property Review – March 2019

Average residential sales times longerTargets may not be met despite more homes being builtUncertainty continues   Average residential sales times longer Recent research from property portal, Rightmove, indicates that across the UK, the average time taken from when a property is first listed, until it is marked as under offer, has increased from 72 days…

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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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