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January 2016 saw borrowing from High Street banks rise to its highest level since mid – 2008. The British Bankers Association (BBA) said investors are keen to complete before the new tax rules come into force as the number of mortgages approved for house purchases was 27% higher than a year earlier. From April 1st, […]
According to the RICS (Royal Institute of Chartered Surveyors) UK Residential Market Survey, the growth of house prices in Yorkshire and Humber seemed to have slowed down last month. The key market indicators such as price expectations,buyer enquiries, agreed sales and new instructions all dropped during the month of July. In Yorkshire and the Humber, […]
Last Thursday, Prime Minister David Cameron dropped what seemed to be a bombshell upon landlords. Commenting specifically on the private rented sector, the Prime Minister said: “We’ll also crack down on the unscrupulous landlords who cram houses full of illegal migrants, by introducing a new mandatory licensing regime.” Now it seems to be unclear exactly […]
2016 started with a surge in buy to let purchases as stamp duty prices were set to rise in April. March 2016 saw sales peak at 171,220 followed by a drop in sales since. According to latest figures from HMRC a total of 84,300 homes were sold in May, almost 14% lower than in the […]
Sir Jon Cunliffe, deputy governor of the Bank of England, has recently been reported to have told the BBC that the housing market poses the “biggest risk” to the UK economy. He further stated that the high levels of debt make the economy “vulnerable to shocks”. As house prices continue to rise faster than people’s […]