Homebuyers advised to act fast in shifting market

While 26.6k UK residential sales completed this week – up 7.7% year-on-year – fewer than one in two homes listed actually go on to exchange and result in a move Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe

Private landlords should receive targeted support from the Government’s £5billion Warm Homes Fund to help meet proposed EPC requirements for privately rented homes, according to the Committee on Fuel Poverty. It says lower-income landlords should be prioritised as many may struggle to fund the energy-efficiency improvements needed to bring properties up to the proposed standard….

Basic and higher rate tax on property to increase Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe

The Bank of England’s decision to leave interest rates unchanged may be welcome news for buyers and sellers, but new research from LRG suggests the figure that matters most is still the asking price. LRG’s report shows that homes priced right from the start typically find a buyer in 36 days. Those that launch too…

Property sales demand has fallen, with areas in the South in particular seeing a dip in buyer interest. Homebuyer demand in England measured by the number of properties under offer, dropped 1.1% to 41.2% in the three months from April to June, new figures from EXP show. However, a number of counties in the North…

Recent days have been some of the most turbulent in the UK mortgage market since the aftermath of the September 2022 mini-Budget Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe