Bank of England data shows that mortgage approvals for house buyers rose to 52,900 from 52,800 in October, which was the highest level in 23 months. Economists expected a fall to 52,500. “We can derive some encouragement from mortgage approvals holding firm in November. By that stage, the escalation of the eurozone crisis had begun [...]
Continue reading " Good News For House Sellers – Mortgage Approvals Are Up! "
In a falling property market, house sellers are naturally reluctant to suffer capital losses, so an increasing number are turning into ‘in-betweeners’ – defined as those who sell their properties in order to rent, waiting for the market to fall sufficiently, when they will buy again. It’s an attractive thought: imagine selling a £1,000,000 property, [...]
According to figures from 1st Property Lawyers, one of the largest conveyancing firms in the UK, 29 per cent of property transactions fell through in the first half of 2011 – compared with 21 per cent three years ago. Most often, the house seller changes their mind; second most common is the prospective buyer pulling [...]
News from the Land Registry that average property prices fell by 1.1 per cent in March to £160,996, with other surveys painting a similar picture of tiny falls, or tiny rises, has caused commentators and property experts to bemoan the ‘stagnation’ of the market. Certainly from one point of view, stagnation is a bad sign, [...]
Continue reading " Why House Price Stagnation Is A Good Thing "
By common consent, spring is much the best time to sell your property, and by extension, it’s also a great time to buy a property because there will probably be more on the market. So here are some tips to help you prepare for a quick and profitable house sale: 1. Plan ahead for getting [...]
The freezing British weather puts many of us in mind of tropical hideaways, where the warm waters lap at pristine white beaches and the rum punches flow like water. Here are some top value retirement spots: 1. South-west France The climate, a wonderfully lazy lifestyle and easy to get to, South-west France remains an ideal [...]
Well, UK homeowners have been on somewhat of a roller-coaster ride over the last 18 months. Or so you would think to look at the national property price numbers. In 2008, UK house prices fell by around 20% subject to just what index or what region you examine. Values keep dropping all the way through [...]
Continue reading " What Is The Forecast For UK House Prices? "
Home Information Packs have been scrapped! If you are selling a house you no longer need one. However…. …you still need to order an EPC (Energy Performance Certificate) but won’t need to have received the EPC before being able to market your property. An EPC should only cost £50-£100. If you need help finding a [...]
For the last 11 odd years we have bought and sold our homes under a Labour government, and the new rules that they have imposed upon us, perhaps most notably the Stamp Duty Land Tax (aka stamp duty) and the Home Information Pack. As we all know, now we must get used to house selling [...]
Continue reading " How Will House Selling Change Under the New Government? "
March, April & May are the best months of the year to sell a house fast, so spend the early months of the year preparing your property for sale. GET THE VALUE CORRECT – This is your most important job as a house seller. Valuations from agents fluctuate wildly. It is probably best to get [...]
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