Inflation has hit a new two-year low as the cost of living measure slowed to 3.4% in February. The figure is down from 4% in January, helped by a 5% drop in food inflation, although the Office for National Statistics warned that housing costs remain high. It has prompted hopes that the Bank of England …
In some good news for buyers, mortgage choice overall rose month-on-month, to 6,004 options, its highest level since March 2008. The availability of deals at the 90% loan-to-value tier has increased to its highest point in four years at 76 Rachel Springall, finance expert at Moneyfacts, said: “Lenders reacted to the change in swap rates, …
Chancellor Jeremy Hunt today laid out his Spring Budget this week.. This comes after weeks of rumours around potential changes to stamp duty tax, and the possible launch of a 99% mortgage scheme. However, while the speech made some announcements related to the housing market, they are measures that are likely to be relevant to …
Rumours of the launch of a 1% mortgage deposit scheme have re-emerged with just weeks to go until the Spring Budget Chancellor Jeremy Hunt is reported to be drawing up plans for a 99% mortgage scheme to be included in the red book as the Conservatives seek to reassure voters that the party is on …
Homebuyer and seller activity has finally started to turn positive, according to the Royal Institution of Chartered Surveyors (RICS) suggests. The latest RICS Residential Market Survey shows new buyer enquiries were at +7% in January among respondents, up from -3% in December and the strongest level since February 2022. The percentage balance measure for agreed …
Boxall Brown & Jones professionally manage a wide range of residential properties throughout Derbyshire and have been surprised to see how demand for good quality property continues to outstrip supply. Rents have risen seven per cent in the past year while voids have lengthened in the past month – although remain shorter than a year …
Boxall Brown & Jones would argue that every month is the best time to list, but Rightmove has identified February as the optimum point when homes have the best chance of finding a buyer more quickly. The portal analysed millions of properties listed for sale since 2012 and the trends linked to the month of …
With average rents in the UK rising, each week that a property is standing empty will be costing landlords a hefty price. And if the property does not have a new tenant for a couple of months, this could mean that there could be a huge loss of income. That is why it is crucial …
Although he will remain as a consultant to Boxall Brown & Jones, Rob Jones will be retiring from the partnership today! As one of the founding partners, Rob has been with the business for over 35 years and he will be greatly missed by the whole team. We had a brilliant party on Wednesday night, …