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Home buyers are successfully renegotiating asking prices down by up to 10% over concerns of mortgage payments increasing, brokers say.

Analysts have warned further interest rate increases may cause house prices to tumble as increased monthly mortgage costs slash home buyers’ spending power.

Snippets of property industry news: Senior changes at Chestertons; Knight Frank reveals replacements for departing head; Restructure of directorship at NEXA.

Property purchasers with mortgages face major hit to buying power as interest rates rise .

UK property sellers have cited rising interest rates as a top motivator for deciding to put their home on the market now.

The new Chancellors office will be the network’s 58th branch.

The supply shortage will inevitably lead to rising rent values.

The charter is a set of guiding principles for property owners, managing agents or hosts.

OnTheMarket joins forces with AnyVan.

A number of lenders have now suspended mortgage deals after a drop in the pound fuelled forecasts of rising interest rates.

The new prime minister has been in power for just a matter of days and she’s already being trashed by the left, the Twitterati and the mainstream media. Why?

The changes have been brought forward as a result of changes to stamp duty land tax announced by the UK government in last week’s financial statement.

Buy-to-let landlords are already under immense pressure owed to tax and legislative changes.

Rightmove has warned that the average monthly mortgage payment for a household buying a first-time buyer home would rise to £1,302 if the average mortgage rate rose to 6%.

The 2023 Best Estate Agent Guide has launched online today.

Sir Keir Starmer’s pledge on housing has been welcome by homebuyers.

The Bank of England has suggested that it is prepared to increase interest rates in response to the drop in the value of the pound.

Estate agents report that the winds are still blowing in the seller’s favour, if not quite as strongly as before.

Unsurprisingly the latest data from Hamptons reveals that increasing interest rates are eroding the profitability of buy-to-let for mortgaged landlords in the sector. 

There could be turmoil in the housing market if UK interest rates rise toward 6% by next summer, as the markets are currently pricing.

All agents must adapt to the rule changes coming into play on 1 October 2022.

The volatility in financial markets is forcing some mortgage producers to temporarily suspend their products, as the Bank of England signals that we are in a crisis after the mini budget.

After 15 years of successful occupation, the directors of the estate agency have secured independent ownership of the business.

Labour has laid out plans for sweeping housing reforms that would reduce landlord powers to evict tenants or stop them keeping pets.

Largest housebuilders see share prices fall amid prospect of higher than initially expected interest rate hikes.

Read in full: The Treasury’s update on growth plan implementation.

The awards will take place at the British Museum in London on 11 October.

Rachel Reeves, Labour’s shadow chancellor, is unhappy with the latest stamp duty rates, with new polling suggesting Labour is on course to win a majority of 56 at the next general election.

Estate agency founder has died at the age of 76.

Industry figures warn that the government’s stamp duty cut risks reducing the number of affordable homes available.