Breaking News
Almost 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…
EAN Breaking News
Mortgage 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…
EAN Breaking News
Government 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,…
EAN Breaking News
Breaking Property News 13/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Major new plans to modernise home buying and selling to save people time and money and further measures to improve the lives of leaseholders. PRESS RELEASE – Ministry of Housing, Communities and Local Government and Matthew Pennycook MP Millions of people are set to benefit from improvements to…
Andrew Stanton
First-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…
EAN Breaking News
Renters’ Rights Bill Will Fail Without Proper Plan for Enforcement
Reforms to the private rented sector will fail without a proper plan to improve enforcement against rogue and criminal landlords. That’s the warning from the body representing responsible landlords as Peers prepare to debate the detail of the Renters’ Rights Bill. The Bill includes major changes which councils will need to enforce. This includes a…
EAN Content
Breaking Property News 12/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Fine & Country partners with Azizi Group to launch Burj Azizi – The second tallest tower in the world Fine & Country Dubai and Fine & Country Mayfair are proud to announce an exclusive partnership with renowned developers Azizi Group to launch Burj Azizi,…
Andrew Stanton
The 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…
EAN Breaking News
Breaking Property News 11/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. ‘Tired of how long it takes to buy a home? We’re modernising the process to save you time and money – Ministry of Housing, Communities and local Government’ If I had to do a specialist topic on mastermind it would be the journey from…
Andrew Stanton
Response 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…
EAN Breaking News
Halifax 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 •…
EAN Breaking News
Landlords 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…
EAN Breaking News
Comment 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,…
EAN Breaking News
Breaking Property News 06/02/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Bank of England cuts base rate by 0.25% Gareth Samples, CEO of The Property Franchise Group, comments: “Today’s decision to cut the rate will be welcomed news for both mortgaged homeowners, as well as mortgage-dependent buyers who are looking to get their foot on the…
Andrew Stanton
Rightmove’s weekly mortgage tracker – 05/02/25
Average rates for 2-year and 5-year fixed-rate mortgages Term Average rate Weekly change Yearly change 2-year fixed 4.98% -0.04% +0.01% 5-year fixed 4.78% -0.03% +0.14% These rates are provided by Podium and are an average based on 95% of the mortgage market. All rates are based on products with a circa £999 fee. Lowest rates…
Rightmove