Posts by EAN Breaking News
Shaun Adams: Rightmove fees up 18% annually?!
Following lively discussions on the Estate Agency Facebook group, we asked Shaun Adams to share some viewpoints on the gossip spreading towards the 18% price increase of Rightmove: Q: Please give us a brief introduction to yourself and your history in the property industry. My name is Shaun Adams, and I started in this…
Read MoreFour in five homeowners in England and Northern Ireland to pay more stamp duty
New analysis from Zoopla has revealed that four in every five homeowners in England and Northern Ireland will pay more stamp duty from 1st April, boosting stamp duty receipts for the government by over £1.1bn annually. Four in five existing homeowners (83 per cent) will pay stamp duty from April, up from 49 per cent…
Read MoreNew guidance for resolving block and estate management complaints
The Property Ombudsman received 6,649 enquiries related to leasehold and investigated 1,313 cases in 2024 A total of £148,172 was awarded to consumers for disputes regarding leasehold, block and estate management last year 1,669 property managing businesses are members of The Property Ombudsman The Property Ombudsman has published new guidance to support…
Read MoreBarclays: Mortgage and rental spending grows as younger buyers turn attention to new builds
Mortgage and rental spending grows 2.0 per cent, but consumer confidence remains unchanged Rent and mortgage spending grew slightly year-on-year in January, up from 1.8 per cent in December Consumers’ confidence in their ability to afford rent and mortgage payments remained unchanged month-on-month at 52 per cent Those who have recently remortgaged onto higher…
Read MoreUK’s Housing Crisis Deepens as 1.4 Million Homes Sit Unbuilt
Cornerstone Tax reveals that 19% of tenants have been forced to move five times in less than five years due to landlords exiting the market David Hannah, Group Chairman of Cornerstone Tax, urges the government to focus on addressing the wider housing affordability crisis by incentivising landlords The government’s plan to develop 12 new towns…
Read MoreRise in no fault evictions
No fault evictions have risen according to the latest data published by the Ministry of Justice. Property disputes lawyer says “some landlords are unwilling to wait for the new Renters’ Rights legislation and are choosing to leave the market” Landlords can apply for an accelerated possession order if the tenants have not left by the…
Read MoreAlmost one in five property sales now experience ‘gazundering’
Almost a fifth of property sales now experience gazundering, according to figures from property firm Quick Move Now. Gazundering, which is the attempted renegotiating of a lower property purchase price after a sale has been agreed, has become more common in recent years as the market contends with cautious buyers and difficult economic conditions. According…
Read MoreMortgage and Landlord Possession Statistics: October to December 2024
Mortgage claims, orders, warrants and repossessions increased Compared to the same quarter in 2023 there were increases in mortgage possession claims from 4,385 to 6,080 (39%), orders from 2,697 to 4,178 (55%), warrants from 2,240 to 3,305 (48%) and repossessions by county court bailiffs from 595 to 957 (61%). Landlord possession actions have all increased…
Read MoreGovernment unveils plans for next generation of new towns
Over 100 sites across England have come forward to be considered for next generation of new towns Government on track to create beautiful communities, provide affordable homes, and deliver much needed infrastructure, including schools and nurseries, GP surgeries, and bus routes By taking on the blockers, 20,000 homes, along with new schools and health facilities,…
Read MoreFirst-Time Buyers Face £11,250 Tax Blow as Labour’s Stamp Duty Deadline Looms
120,000 UK homebuyers face unwanted tax bill ahead of Labour’s April stamp duty changes According to data from TwentyCi data, more than 120,000 homebuyers are at risk of unexpected stamp duty bills as they scramble to complete purchases before Labour’s planned stamp duty changes take effect on 1 April. A third of buyers who have had offers accepted…
Read MoreThe Perfect Match: Zoopla reveals the most affordable places for single Brits to buy a home
Aberdeen has been named as the most affordable city for single homebuyers with average monthly mortgage payments of £510, around 16 per cent of average salaries In England, Liverpool has been named the most affordable city for single Brits with average mortgage payments accounting for 18 per cent of monthly salaries Affordability for singletons…
Read MoreResponse to Latest Halifax House Price Index
Halifax house price data shows property prices have risen by 0.7% month on month, here are some thoughts from the industry. Nathan Emerson, CEO of Propertymark: “As we embed ourselves into 2025, confidence is being echoed within the housing market, as house prices and mortgage lending remain buoyant. “With the Bank of England announcing…
Read MoreHalifax House Price Index – January 2025
House prices in January 2025 were 3.0% higher than the same month a year earlier. The housing market kicks off 2025 with price rise to hit new record high • House prices increased by +0.7% in January following dip of -0.2% in December • Average property price of £299,138 is a new record high •…
Read MoreLandlords Respond to Government’s Energy Efficiency Plans
Responding to the publication of the Government’s consultation on the energy efficiency of privately rented housing, Ben Beadle, Chief Executive of the National Residential Landlords Association, said: “We all want to see rented homes as energy efficient as possible, but that will require a realistic plan to achieve this. “The chronic shortage of tradespeople to…
Read MoreComment on the Bank of England’s Decision to Lower Interest Rates
Following the Bank of England’s announcement that it is reducing interest rates by 25 basis points from 4.75% to 4.5% here are some thoughts from the industry. Nathan Emerson, CEO of Propertymark: “Despite widespread uncertainty and the Bank of England expecting inflation rates to increase to 2.8% by the third quarter of 2025 before easing again,…
Read More