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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Sentiment about sales volumes among surveyors and estate agents is at its most upbeat level for more than two years and may improve with the election out the way, RICS suggests. It comes as the June RICS Residential Market Survey highlighted subdued activity in the run up to the General Election but increased optimism for …
Read the postMajor lenders have started cutting their mortgage pricing in anticipation of an interest rate cut in the coming months. The Bank of England may have held the base rate last week but with inflation now at 2% and the General Election just a week away, there are hopes that an interest rate cut could come …
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Prices rose at 2% in the year to May, down from 2.3% the month before, official figures show. The economy is a key talking point in the run-up to the general election on 4 July, with all of the main parties battling over how they would keep the cost of living under control. The Conservatives …
Read the postBuyers and sellers are proving determined to press ahead with their home moves despite the looming General Election, research suggests. Data firm TwentyEA, part of the TwentyCi group, examined data across the 14 days since the General Election was announced and found the number of listings that were sold subject to contract (SSTC) was …
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