At its 19 March meeting, the Bank of England held rates, with governor Andrew Bailey stating that it “stands ready” to respond to inflation pressures
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The Deposit Protection Service (The DPS) has helped with the donation of £1million to homelessness charity partner, St Mungo’s, since the end of 2024. The rental deposit protection provider said the partnership, which began at the end of 2024, was part of its long-standing commitment to organisations working to combat homelessness. In July last year,…
Property asking prices rose fastest in less desirable locations, with areas in the North and Scotland recording the largest increases, according to new Rightmove data. Of the top 50 places where asking prices grew the most last year, only seven are priced above the current national average of £368,031. First place Hawick in Roxburghshire in…
Almost 45,000 UK properties worth an estimated £190bn are owned through offshore structures where the true beneficial owner cannot be identified, creating a significant AML compliance risk for estate agents, according to Tax Policy Associates. Its findings come from analysis of offshore-owned property listed on the Register of Overseas Entities at Companies House. In around…
HMRC figures show there were 93,630 residential transactions in August, which is slightly down from July but 2% higher than August 2024. The property industry, however, has warned that the data is masking a growing buyer confidence issue ahead of Rachel Reeves’ Budget on 26th November. Don’t be fooled – these transactions reflect activity from…
Property investors are facing “soaring” borrowing costs as war in The Gulf causes “absolute mayhem” in the lending market. The stark warning comes from personal finance date group Moneyfacts, which points to increased buy-to-let mortgage costs this month. Two-year high Average buy-to-let fixed rates across two or five-year terms have risen since the start of…
According to a report in City AM, Chancellor Rachel Reeves is considering allowing house buyers to pay Stamp Duty in instalments over several years rather than as an upfront lump sum, as the Treasury seeks ways to stimulate the economy. The paper was told that the idea “pops up” frequently at meetings in the Treasury,…
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