Category: Industry News

‘Welcome news for consumer spending power’ as UK inflation rate falls to 1.5%

Consumers across the UK have seen the inflationary pressures on their wages softened over the past month, with the latest annual disclosure indicating that it fell to just 1.5% in the year to August.

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

Record increase in number of first-time buyers in July

Over 30,000 first-time buyers took out mortgages in July, the highest monthly figure since the outbreak of the financial crisis, expending 20% of their incomes in lieu of housing costs.

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

BoE governor indicates real wages will increase by mid-2015 – What does this mean for Interest Rates?

Mark Carney has indicated that wages will rise in line with inflation “around the middle of next year”, from when they are speculated to outstrip inflation, in a speech to delegates at the Trade Union Congress (TUC).

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

Affluent households paying an average of £21,000 more for houses near top state schools

A recent study carried out by Lloyds banking group has shown that affluent parents are prepared to pay on average £21,000 more than the average house price in bordering neighbourhoods for the privilege of living within the same postcode as … Continue reading

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Posted by: Leanne Halsey Categories: Buying, House Prices, Industry News Tags: , , , , , Comments Off

Do you travel further than the average 8.8 miles to work? Maybe it’s time to cut your commute…

As the old saying goes, choosing a home is all about, ‘location, location, location’. Never is this more true than when you are considering your journey to work.  Propertywide’s innovative new Travel Time tool allows you to easily identify available properties … Continue reading

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Posted by: nicolasevern Categories: Buying, Buying Property, For Sale, Industry News, Property Advice, Property News, Tenants Advice, Uncategorized Tags: , , , , , , , Comments Off

May Mortgage approvals dipped to lowest levels since June 2013

According to the Bank of England the number of mortgages approved in May was at its lowest level since June last year.

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Posted by: nicolasevern Categories: Finance, Industry News, Mortgages, Property News Tags: , , , , Comments Off

Help to Buy is assisting the right homebuyers with 55% of purchasers coming from the private rented sector

55% of people who have bought a property using the Government backed Help to Buy scheme have moved from the private rented sector, according to findings in Countrywide plc’s latest Quarterly Market Review.

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Posted by: nicolasevern Categories: Buying, House Prices, Industry News, Latest News Comments Off

Industry experts predict that interest rates could rise to 5%

According to Sir Charlie Bean, deputy governor for monetary policy at the Bank of England, it is ‘reasonable’ to think that rates will return to pre-recession levels in 10 years or more.

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Posted by: nicolasevern Categories: Buying, Economy, Estate Agents, Finance, Industry News, Latest News, Mortgages, Uncategorized Tags: , , , , Comments Off