BREAKING NEWS – top 5 stories 08/06/2021

Estate Agent Networking Breaking News

ONLY 17-WORKING DAYS TO COMPLETE TO BEAT PAYING EXTRA SDLT

There are, for a large amount of people who have not yet exchanged, and only 17-working days to get to exchange and completion in time to embrace the Chancellors’ SDLT holiday. With tens of thousands of sales still not over the line, it is going to be a tense time for many agents and solicitors.

Then from the 1st July 2021 to 30th September 2021, a new temporary tapered SDLT system comes into being where you only start to pay SDLT on the amount that you pay for the property above £250,000, if the property is going to be your main residence.

There are different provisions for first time buyers or investment buyers during the period from 1st of July also. Full details on link below.

https://www.gov.uk/guidance/stamp-duty-land-tax-temporary-reduced-rates

MORTGAGE LENDING MARKET SEES GROWTH OF LENDING OPTIONS

Lending sentiment is now recovering as in a recent study it has been reported that there are over 4,200 mortgage options available across the lending market, which is at its highest level for nearly a year.

Even more surprising is that lenders are now competing in the high value to low deposit category, especially those looking to borrow with only a 5% deposit. In this market alone there were dozens more products coming to the market in the last month.

GREATER LONDON PROPERTY SECTOR RISES BY OVER 3% IN A YEAR

Though property prices in key areas of the UK have risen at record levels, Greater London has been in the doldrums, but the latest report provided finds there has been an average rise of 3.1%. Good news for this swathe of housing that has been behind the curve.

FIRST HOMES INIATIVE OFFERING 30% DISCOUNTS TO FIRST TIME BUYERS STARTS

The government backed scheme that means people buying their first home can buy it at 70% of its value, has now begun. The idea is that as many as 10,000 of these properties will be available each year.

Owners when selling the property on will do so to new first-time buyers who in turn will get to live in 100% of the property but only have to finance 70% of the purchase price. The scheme of course helps those on lower salaries get the benefit of a better home, including key workers.

ACCORDING TO HALIFAX AVERAGE VALUE OF A HOME NOW A NEW HIGH OF £261,743 

The unsurprising news is that prices continued to rise in May, with the ‘average’ residence in the UK now being worth over £260,000. Good news for those seeing their equity share growing but for first time buyers, a cause for concern as deposits required get even further out of reach.

Andrew Stanton

CEO & Founder Proptech-PR. Proptech Real Estate Influencer, Executive Editor of Estate Agent Networking. Leading PR consultancy in Proptech & Real Estate.

You May Also Enjoy

Breaking News

Rent and run? Agents warn of new ‘Stopover Tenant’ epidemic

Nearly 1 in 3 letting agents report tenants walking away from 6–12 month tenancies – some after just a few months Experts warn rental reforms are fueling relocation-style, short-term renting Almost half of agents now advising landlords on how to manage early exits A new trend is sweeping the rental market and it’s leaving landlords…
Read More
Breaking News

Breaking Property News 11/09/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   A ‘workplace companion that’s not just about managing buildings’ Smart Spaces has launched Space Agent, its new agentic AI-driven workplace concierge designed to transform how people manage and engage with buildings and their workplaces. Space Agent – introduced through its friendly persona, Max – is fully…
Read More
Breaking News

Where can you still buy a home for under £150k?

Zoopla reveals Great Britain’s property bargain hotspots Just 12 per cent of all homes for sale across Great Britain are priced under £150,000 making location key for home buyers looking for a bargain In the North East, a remarkable 41 per cent of all homes for sale fall within this price range, followed by Scotland…
Read More
Breaking News

Landlord repossessions soar as Renters’ Rights Bill looms

Landlord repossessions soar as Renters’ Rights Bill looms, with some areas seeing increase of over 2,500% The latest analysis from Dwelly, one of the UK’s leading lettings acquisition and success planning experts, shows that landlord repossessions have increased by 6.8% across England and Wales. However, in some areas of the country they have soared by…
Read More
Breaking News

These are Britain’s most active housing markets

New research from The Property DriveBuy reveals that the busiest homebuying postcodes in Britain right now are found in Croydon, Buckinghamshire and Waltham Forest, however, for those hopeful homebuyers facing tough competition, shifting to a neighbouring postcode could see them secure a property. The Property DriveBuy analysed latest housing market data to discover which of…
Read More
Breaking News

Downsizers can bag 2 for 1 on property purchases

The latest research from over-50s property specialists, Regency Living, reveals that downsizing retirees could own two homes for the price of one, combining a comfortable home in England with a sunny escape in Europe. According to Regency Living’s latest analysis, retirees who sell a traditional bricks and mortar house and purchase a park home can…
Read More