Tag: Conveyancing
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Brits Face Longest Wait to Sell Their Homes
Selling your home in the UK? Prepare for a long wait! A new study reveals it takes longer to sell a property in Britain than elsewhere in the world. Thinking of selling your home? You might want to buckle up for a long wait. New research has revealed that the UK has the slowest property…
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Downsizing Your Home Could Make You Half a Million!
Thinking of downsizing? You could be sitting on a goldmine! Swapping your five-bedroom family home for a cosy three-bed could unlock an average of nearly £500,000 in pure cash! That’s according to new figures from Rightmove that show just how profitable downsizing can be. Londoners are sitting on the biggest potential profits. Trading a five-bedroom…
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Bridging Loan Delays – Developers Cry Out for Legal Reform
Bridging loan times are going through the roof, and developers are furious. A new report from EY reveals that only 3% of bridging market respondents expect the average time to complete a bridging loan to decrease this year. In fact, almost a quarter expect those times to get even longer! What’s the Problem? The legal…
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Sellers Rush to List Houses Before Election
Nervous sellers are rushing to list their homes before the upcoming general election, hoping to avoid a potential post-election lull and cash in on the current hot market. New data from Home Sale Pack reveals a 22.9% surge in new property listings across Britain in just the last two weeks compared to the start of…
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Christmas Home Move? You’ve Got ONE Month Left
Forget turkey and tinsel, it’s time to talk house hunting! If you dream of spending Christmas in a brand new home, you’d better get moving, because the clock is ticking. According to the experts at My Home Move Conveyancing, the average house sale takes a whopping 146 days! That means if you want to be…
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Summer Holiday Nightmare – 370,000 Homeowners Stuck In Conveyancing Hell!
Forget sun-soaked beaches and chilled cocktails, thousands of Brits are facing a summer stuck in conveyancing limbo – that’s right, 22 weeks of waiting for their home sale to go through! It’s the part of buying or selling a house that nobody likes: conveyancing. That’s all the legal stuff that needs to happen before you can finally…
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Homebuyers Lean on Bridging Loans to Avoid Transaction Turmoil
Bridging loans are proving to be a critical lifeline for nearly 20% of homebuyers. These short-term financial aids are increasingly being used to prevent property transactions from falling apart, a phenomenon more common in today’s slow conveyancing processes. According to the latest figures from Bridging Trends, nearly one in five bridging loans distributed by top…
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Stamp Duty Slump Silver Lining for UK Homebuyers
A dip in house prices has come with an unexpected perk for prospective homebuyers—a significant reduction in stamp duty, which can mean serious savings at a crucial time. Stamp duty is a tax imposed on home purchases across the UK, with the amount varying based on the price of the property. Generally, for properties priced…
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Increase in UK Bridging Loans Signals Robust Market Growth
The UK’s property market is seeing a rise in the demand for bridging loans, especially in the first quarter of 2024, with transactions totalling an impressive £196.2 million. This marks a modest but significant growth of 0.4% compared to the closing months of 2023. Such figures highlight the resilience and evolving nature of the bridging…
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Stepping Into Your First Home – A Beginner’s Guide to Mortgages
The world of home-buying can be overwhelming, especially for first-time buyers looking for a mortgage. From enhancing your credit score to deciding the right mortgage for you, this guide will walk you through the necessary steps to securing your dream home. Understanding and Improving Your Credit Score Boost Your Credit Score: Your journey to homeownership…