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Rightmove’s weekly mortgage tracker – 29/11/2023
The average 5-year fixed mortgage rate is now 5.14%, down from 5.52% a year ago The average 2-year fixed mortgage rate is now 5.56%, down from 5.77% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.22%, down from 5.54% a year ago The average 60% LTV 5-year fixed mortgage rate…
Rightmove
Breaking Property News – 27/11/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. Offilancer has key answers to Work and who and where and how it will be done in the 2030’s The fallout from the collapse and bankruptcy of WeWork a co-working provider as we know is just beginning. A behemoth that had a market capitalisation of $47…
Andrew Stanton
Breaking Property News – 24/11/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. Is Jeremy Hunt’s Autumn Statement – Good or Bad News for property sector? Let’s see has the Chancellor of the Exchequer brought the cavalry racing over the hill to save the stalling housing market? In a word No. No changes to SDLT, so no…
Andrew Stanton
Breaking Property News – 23/11/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. No jam today and definitely no jam tomorrow as property sector mulls Autumn statement Having now had time to reflect on what the Chancellor did for the property market, many agents feel that Jeremy Hunt has delivered no direct benefit. In a generalist way…
Andrew Stanton
Rightmove launches course for agents to help compliance with CPRs
Rightmove has launched a brand new course for estate and letting agents, to help them understand and remain compliant with the Consumer Protection from Unfair Trading Regulations (CPRs). The course has been created with National Trading Standards Estate and Lettings Agency Team (NTSELAT) to make sure agents have all the information they need to…
Rightmove
Breaking Property News – 22/11/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. Is Jeremy Hunt’s Autumn Statement – Good or Bad News for property sector? Let’s see has the Chancellor of the Exchequer brought the cavalry racing over the hill to save the stalling housing market? In a word No. No changes to SDLT, so no…
Andrew Stanton
Rightmove’s weekly mortgage tracker 22/11/2023
Headline stats The average 5-year fixed mortgage rate is now 5.21%, down from 5.62% a year ago The average 2-year fixed mortgage rate is now 5.65%, down from 5.88% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.29%, down from 5.59% a year ago The average 60% LTV 5-year…
Rightmove
Breaking Property News – 21/11/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. Wes Snow’s from Acendix’s stateside views on the big events hitting property technology in November Many people are amazed at how much I know about everything across the plan, build, lease sale and the management of property assets and the ever changing themes and…
Andrew Stanton
Rightmove stats and comment ahead of Autumn Statement
Stamp Duty The average stamp duty that a home-mover (not a first-time buyer) pays is currently £5,607 (based on the average asking price of £362,143) 29% of homes on the market are currently exempt from stamp duty for all home-movers (excluding second homes, anything £250,000 or below) 62% of homes on the market are…
Rightmove
Breaking Property News – 20/11/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. ClicPad – Off plan investments platform for investors looking to buy in UK has launched Full disclosure, through my day job getting Proptech founders from MVP to exit, I have known the very capable Rich Wynn for some years, (he is not a client)…
Andrew Stanton
Sub 5% rate now available in all LTV brackets except 95%
The average 5-year fixed mortgage rate is now 5.17%, down from 5.67% a year ago The average 2-year fixed mortgage rate is now 5.62%, down from 5.93% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.21%, down from 5.66% a year ago The average 60% LTV 5-year fixed mortgage rate…
Rightmove
Breaking Property News – 17/11/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. Lee Rowley appointed housing minister – again Since the turn of the millennium we have had 24 housing ministers, that is two dozen of them in just 23 years. As we trawl through the names do any stick in our memory as being outstanding, or…
Andrew Stanton
Breaking Property News – 16/11/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. West Sussex agency Alex Harvey are the latest company to join the FIA growing membership Graham Lock, CEO of the Federation of Independent Agents commented that, ‘We are really excited that Alex and his team at Alex Harvey, based in Billingshurst, have joined the FIA family…
Andrew Stanton
Rightmove’s weekly mortgage tracker and comment on inflation and rates – 15/11/23
Matt Smith, Rightmove’s mortgage expert said: “Lenders have accelerated mortgage rate reductions over the last week and this morning’s positive inflation news will only fuel confidence amongst lenders further that they can continue to drop rates over the final weeks of this year, barring any last minute surprises. “With the markets anticipating that rates have…
Rightmove
Breaking Property News – 15/11/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. Inheritance Tax, SDLT – will the Autumn statement power the flagging housing market? On the 22nd of November, Chancellor of the Exchequer Jeremy Hunt, who was not re-shuffled for fear of upsetting the city, will put forward the shape of fiscal policy for the…
Andrew Stanton