Latest News
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Corner Plot Homes Get £20k Price Bonus
Are you sitting on a goldmine without even realising it? According to the latest data from Open Property Group, a special feature present in just 5% of all homes on the market could make your property fetch a cool £20,000 more than your neighbour’s. This feature is none other than a corner plot position, a…
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Islanders Face Unfair Mortgage Hike – The Mystery of Jersey’s Premium Rates
Residents of the Channel Islands are grappling with an unexpected increase in their mortgage rates, dubbed the “Jersey premium,” which seems to defy logical explanation. The local consumer watchdog has sprung into action, challenging major banks to justify why islanders are being charged more for their home loans than their counterparts on the UK mainland.…
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London Housing Market – Prices Climb in the Capital!
The London housing market has shown a robust increase, with some areas witnessing a 5.6 percent leap in asking prices. This news might leave many Londoners wondering how their borough stacks up in the latest housing price evolution. According to the newest figures from Rightmove’s house price index, the average asking price for a London…
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Is Your Wallet Ready for the Mortgage Crisis?
For many homeowners across the UK, the recent surge in mortgage payments has felt like an unending financial nightmare. With over nine million mortgaged households and nearly two million buy-to-let landlords staring down the barrel of significantly higher payments, the question on everyone’s lips is: Are we in the midst of a mortgage crisis? The…
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A Growing Reliance on the ‘Bank of Mum and Dad’
A significant number of young Britons aspiring to own their first home are increasingly dependent on financial assistance from their parents. Critics have pointed fingers at Rishi Sunak, the Prime Minister, accusing him of exacerbating the challenges faced by potential homeowners, particularly the youth, in fulfilling their dreams of property ownership. Recent findings have shown…
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Landlords to Feel the Pinch – New Tax Changes Could Cost You More
UK landlords looking to sell their properties might find themselves forking out more in taxes, despite recent announcements in the Budget that seemed to promise relief. Jeremy Hunt, in his latest Budget speech, unveiled what was initially seen as a boon for landlords – a reduction in the rate of Capital Gains Tax (CGT) for…
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Rightmove Reports Rise in House Prices
March has witnessed a surprising yet welcome development as the average asking price for UK homes jumped by £5,279, reaching nearly £370,000. This 1.5% increase is the most substantial monthly growth observed in the past 10 months, outpacing the usual March average of 1%. This shift is attributed to a blend of increased buyer demand…
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London Rent Rollercoaster – Prices Drop as Supply Soars
London’s rental market is showing signs of a significant shift. For the first time in months, renters are finding themselves in a position of power, with rents on a downward trajectory. This change comes as landlords begin to face the music, adjusting their expectations in response to a market that’s rapidly evolving. Recent reports from…
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Savills Hit by Rising Interest Rates and Inflation
High-end estate agency Savills has attributed a sharp decline in profits to the harsh impacts of high inflation and escalating interest rates. The estate agent, which deals in both the commercial and residential sectors, has faced significant hurdles, leading to a notable decrease in revenue and profit margins over the past year. This downturn highlights…
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CGT Cut Too Small to Tempt Landlords to Sell, Says Expert
In the recent Budget announcement, Chancellor Jeremy Hunt introduced a reduction in Capital Gains Tax (CGT) from 28% to 24% for higher-rate taxpayers, a move aimed at encouraging property sales among landlords. However, Jo Eccles, head of the London-based buying and selling agency Eccord, believes this tax relief is too minor to motivate landlords to…