London renters need £74,520 salary for average property

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,…

Mortgage approvals jumped by 800 month-on-month in July despite uncertainty over tax increases in the autumn Budget, latest Bank of England figures show. Net mortgages totalled 65,400, which was up from the previous month, but remortgages fell by 2,700 to 38,900, the bank’s latest Money and Credit release reveal. Also, net borrowing of mortgage debt…

The Property Ombudsman (TPO) has revealed ‘with great sadness’ that the former chairman of its board, Gerry Fitzjohn, has died. Fitzjohn had a long career in estate agency starting in 1974 including  a long stint at Countrywide where he became a National Sales Director but also a board member of TPO. He was later made…

New regional partner brings more than 30 years’ market experience Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe

Programmable technology could reserve buyer funds until conditions are met Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe

Winkworth has expanded its regional footprint into Stratford-upon-Avon and the North Cotswolds following the acquisition of the residential arm of independent agency, Peter Clarke. The deal, led by franchise owner Nick Martiny Roberts, significantly strengthens the company’s presence across Stratford-upon-Avon, Wellesbourne, Shipston-on-Stour and Chipping Campden. The Peter Clarke branch in Leamington Spa will now operate…