The Bank of England (BoE) today raised interest rates by 0.5% to 2.25%, the highest levels since 2008. In addition to this, the government is likely to cut stamp duty in an announcement tomorrow, in another shake-up to the housing market. In a decade defined by soaring inflation and an energy […]
Inflations levels hit 9% in April, registering the fastest rise in consumer prices in the last four decades. As a result, our bills and receipts have been soaring. The cost of food and drink could rise by 15% this summer and filling the average family car with petrol now exceeds […]
Yesterdays budget was pretty innocuous for the housing market as fears elsewhere (like the financial markets and Coronavirus for example) ravage on, causing more uproar than the Chancellors financial plans for the United Kingdom moving forward can do. That said we still have plenty of thought from the leading property […]
Research released by the National Housing Federation today found that 8.4 million people in England are living in unsuitable, insecure or unaffordable homes. In response to these findings, please find below a series of comments from three leading property experts. Jamie Johnson, CEO of FJP Investment told us “The housing crisis is one […]
Coming as no surprise to those who had been eagerly following the Conservative Party leadership contest, Boris Johnson was appointed the party’s new leader last week – and, in turn, the next Prime Minister of the UK. Johnson’s future policy ambitions are paved with questions, particularly when it comes to […]
Recent figures show that the demand for buy-to-let loans has declined whilst the demand for first time buyer mortgages in the UK has significantly increased. Studies by UK Finance show that there were over 32,000 first time buyer mortgages taken out in May 2018, an 8.1% increase from last year. […]
For years the Conservative party has been the party of home ownership, as epitomized in Margaret Thatcher’s enthusiastic championing of the right-to-buy scheme. While home ownership remains a plank of Conservative policy, the government’s White Paper of February this year “Fixing our broken housing market”, shows a significant increase in […]
The government released the housing white paper, but what does it mean for landlords, first-time buyers, homeowners and renters in London? Portico London estate agents have summarised the five key points to be aware of: Get Britain building more homes! The white paper starts with a passionate pledge from Prime […]
