The government says it’s going to use its reforms of the housing industry to encourage owners to challenge builders and developers over quality. Housing Minister Matthew Pennycook made the statement in a formal response to the Competition and Markets Authority’s (CMA) recommendations to improve the new build homes sector. Pennycook says: “The CMA was right …
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Zoopla says homeowners who purchased their current home within the last 20 years are sitting on an average of £80,000 in property value gains. Some 60% have seen gains of £65,000 or more, partly down to house price growth of 78% over the last 20 years. UK homeowners who sold their home in the last …
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In an interview in The Guardian, Bailey says that the UK economy has proved more resilient than he feared two years ago, or even a year ago. He is quoted as saying: “I think the economy has come through the shocks of the last five years better than many of us feared. So there’s a …
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The government has issued a lengthy detailed guide to all provisions of the Renters Rights Bill, which is being presented to the House of Commons shortly. The full details include a list of all the Bill’s measures – namely periodic tenancies and grounds for possession, rent increases, tackling what it calls “the scourge of Section …
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The Renters’ Rights Bill was introduced to the UK Parliament on 11 September 2024 and will ban Section 21 evictions, introduce a new tenancy regime and new requirements for property standards and rent increases. The previous Conservative government didn’t implement the Renters (Reform) Bill, failing to pass due to delays in the parliamentary process before the …
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Average house prices and mortgage approvals hit new highs during the summer months, in a positive sign for the property market. Nationwide data shows average UK house prices rose at their highest annual rate since December 2022 during August. The latest Nationwide House Price Index shows prices rose 2.4% on average to £265,375 last month. This …
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This year marks a big milestone for three of our colleagues who are celebrating 20 years working with Boxall Brown & Jones. Claire Taylor, Tracey Davis and Dawn Barker started working with the business in 2004 and we can’t believe how quickly the years have flown by. We would like to say a heartfelt ‘thankyou’ …
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Nationwide has risen to the top of the best buy tables again with a new mortgage rate cut. The building society has reduced rates today and now offers a market leading five-year fix at 3.78% at 60% loan-to-value. This could be a boost to buyers who have been waiting for the cost of borrowing to …
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Home-buying activity in the UK is expected to surge this autumn, according to analysts, after the Bank of England’s first base rate cut since 2020 injected optimism into the property market. The central bank on Thursday reduced interest rates by a quarter of a percentage point to 5 per cent, in a knife-edge vote that …
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HSBC has promised rate cuts this week as mortgage pricing continues to drop, but it is unclear how much further pricing will fall. It comes as inflation held steady at the Bank of England’s 2% target last week, raising hopes of a cut to the cost of borrowing in the coming months – but recent …
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