Tag: Conveyancing
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How the Upcoming General Election Could Affect the UK Property Market
Prime Minister Rishi Sunak has declared that a General Election will be held on Thursday, July 4th, 2024, with Parliament dissolving on May 30th. This announcement has sparked a flurry of predictions and expectations from housing experts and stakeholders about the possible effects this political milestone could have on the property market. Housing as a…
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First-Time Buyers Lead the Charge in UK Housing Market
First-time buyers are now the main protagonists in the UK housing market, significantly influencing trends and transaction volumes. According to recent data from property experts at reallymoving, the participation of these newcomers in the market has grown considerably, now representing 60% of all buyers, up from 54% in April 2023. This peak was even higher…
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Watch Out, Home Sellers, Estate Agents Might Be Costing You Thousands
Recent warnings from Trading Standards show a concerning trend among some estate agents involving “manipulating property sales” through cleverly crafted contract clauses. This manipulation could prevent higher offers from reaching sellers, potentially costing them thousands of pounds. How Do These Clauses Work? The crux of the issue lies in what is known as “conditional selling.”…
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First-Time Homebuyers’ Guide – Everything You Need to Know
Embarking on the journey to buy your first home can be as thrilling as it is daunting. With a plethora of steps, checks, and considerations, the process can seem overwhelming. Fear not! We’ve broken down the essential steps every first-time buyer should be aware of, making your path to homeownership a little smoother. Before You…
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Making Home Buying Simpler, MPs Tackle the Housing Puzzle
The Levelling Up, Housing, and Communities (LUHC) Committee has unveiled a fresh inquiry aimed at streamlining the housing transaction process in England. This initiative seeks to bring much-needed relief to millions caught in the often stressful web of acquiring or parting with a property. At the heart of this parliamentary probe lies a comprehensive review…
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The Best UK Cities for First-Time Buyers Unveiled
Buying your first home is a monumental step, filled with excitement, decisions, and a lot of financial planning. In the quest to find the perfect city for planting roots, The Co-operative Bank has done some homework for you. Their recent research delves into what makes a city ideal for first-time buyers, considering key factors such…
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Sell Your Home Without An Estate Agent
Moving home is not just a logistical and emotional challenge; it’s also a financial one. Among the myriad expenses homeowners face, estate agent fees stand out as particularly steep, often surpassing 3% of your home’s sale price. In the UK, where the average house price can result in fees around £8,550, that’s no small change.…
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North East Defies UK Housing Slump
While most of the UK braces for a drop in property values, the North East region emerges as a beacon of growth in early 2024. According to the home moving quote service, reallymoving, the North East is not just holding steady but actually witnessing a significant increase in property prices. The first quarter of 2024…
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UK Home Buyers Lose Interest in New Builds?
Recent data has revealed a trend in the UK property market: a consistent decline in interest towards new build properties over the past three years. This insight, gathered from UK conveyancing solicitors Bird & Co, highlights shifting preferences in the real estate sector, especially among home buyers in 2023. The data, a detailed analysis of…
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UK Property Prices and Activity Increase in January – Rightmove
The UK’s property market has kicked off 2024 with an increase in activity and asking prices, as reported by Rightmove. This January, we saw a significant 1.3% month-on-month rise in property asking prices, marking the most considerable jump for this period since 2020. The average listing price for newly marketed homes nearly hit £360,000. Despite…