BTL landlords urge the chancellor to adopt a cost-of-living plan for the PRS
Tenants and landlords face ever growing costs.
NEWS ARCHIVES
Conveyancers step up push for home-buying reform
The government needs to step in to mandate reforms that promise to revolutionise the home buying and selling process, a roundtable organised by the CLC has heard.
‘It’s a buyer’s market now’ as purchasers negotiate down asking prices
Home buyers are successfully renegotiating asking prices down by up to 10% over concerns of mortgage payments increasing, brokers say.
House prices could drop by up to 15% amid fears of interest rate hikes, analysts warn
Analysts have warned further interest rate increases may cause house prices to tumble as increased monthly mortgage costs slash home buyers’ spending power.
Comings & Goings
Snippets of property industry news: Senior changes at Chestertons; Knight Frank reveals replacements for departing head; Restructure of directorship at NEXA.
Spike in asking price reductions as higher mortgage rates reduce buying power – Zoopla
Property purchasers with mortgages face major hit to buying power as interest rates rise .
Interest rate hike motivates home movers to act now
UK property sellers have cited rising interest rates as a top motivator for deciding to put their home on the market now.
Chancellors to open a new branch in Worcester
The new Chancellors office will be the network’s 58th branch.
Rental stock dwindles despite high demand from tenants
The supply shortage will inevitably lead to rising rent values.
New short-term lets charter launched
The charter is a set of guiding principles for property owners, managing agents or hosts.