Category: Industry News

Interest rate rise on the cards

Mark Carney, talking to Birmingham Post, had claimed that inflation is likely to drop below 1% over the next few months, not rising again until late 2015. “…for this economy to have balance and inflation to get back to 2% … Continue reading

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Posted by: Leanne Halsey Categories: Economy, Industry News Tags: , , Leave a comment

House price growth weakens whilst Stamp Duty is slashed for ‘98% of people’

House prices rose by 0.4% in November, taking house price growth over the preceding 12 months to 8.2% as consumers continue to display a reluctance to engage in the market.

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Posted by: Leanne Halsey Categories: Economy, House Prices, Industry News, Property Market Tags: , , , , Leave a comment

Act now to take advantage of new stamp duty rules

In his Autumn Statement George Osborne announced some welcome news for homebuyers. Revealing a new graduated approach to stamp duty, Osborne has ensured the British public that 98% of homebuyers will be pay less duty on property purchases from today.

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Posted by: Nicola Severn Categories: Buying, Buying Property, House Prices, Industry News, Uncategorized Tags: , , , , , , 3 Comments

Inflation continues to increase in October while food prices drop

Consumer price inflation ratcheted up to 1.3 per cent during October, while the price of food, petrol, and plane tickets fell less than they did in October of last year – according to official figures.

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Posted by: Leanne Halsey Categories: Economy, Industry News Tags: , , Comments Off

Net yields rise for buy-to-let landlords as the timescales to find a tenant falls

The cost of agreeing a new tenancy rose 3.7% over the past year with rental growth continuing to be driven by London and the East of England, according to Countrywide Residential Lettings, the UK’s largest lettings agency.

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Posted by: Leanne Halsey Categories: Industry News, Letting, Letting Agents Tags: , , , , , , Comments Off

Santander to break the mould with launch of lifetime mortgages in 2015

  British borrowers who find themselves unable to afford their repayments from their interest-only mortgages at the point of their expiry will be able to acquire a fresh mortgage deal till they die, as Santander officially unveiled plans to provide … Continue reading

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Posted by: Leanne Halsey Categories: Finance, Industry News, Mortgages Tags: , , , 1 Comment

Mastercard unveils pioneering biometric bank card using thumbprint technology as identification

  Mastercard has unveiled its pioneering biometric bank card enabling consumers to carry out transactions in shops across the UK using their thumbprint as identification.

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Posted by: Leanne Halsey Categories: Industry News, Technology Tags: , , , Comments Off

Bank of England proposals could require a third of new landlords to put down larger deposits

  The Bank of England have recently outlined a new proposal to impose stricter lending criteria for buy-to-let investors. If agreed, these extra powers could see new buy-to-let landlords having to put down a 40% deposit in order to secure … Continue reading

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Posted by: Leanne Halsey Categories: Industry News, Letting, Mortgages Tags: , , , , , , 1 Comment