News
Mortgage lenders pull deals and increase rates amid interest rate chaos
A number of lenders have now suspended mortgage deals after a drop in the pound fuelled forecasts of rising interest rates.
OPINION: Why Liz ‘Thatcher’ needs to hold her nerve
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?
New tax rules for homebuyers announced
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.
Government warned that sweeping changes could see ‘more landlords leaving the market’
Buy-to-let landlords are already under immense pressure owed to tax and legislative changes.
An interest rate rise to 6% would hurt homeowners, says Rightmove
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%.
Best Estate Agent Guide website launched
The 2023 Best Estate Agent Guide has launched online today.
Homebuyers welcome Labour’s plan to get 1.5million Brits on housing ladder
Sir Keir Starmer’s pledge on housing has been welcome by homebuyers.
Brace yourself for a surge in interest rates, economists suggest
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.
It remains a seller’s market, says Propertymark
Estate agents report that the winds are still blowing in the seller’s favour, if not quite as strongly as before.
Rental yields fall as rising rates squeeze landlord profits
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.
Banks are preparing for house prices to fall by a third
There could be turmoil in the housing market if UK interest rates rise toward 6% by next summer, as the markets are currently pricing.
Are you prepared for legislative changes coming next week?
All agents must adapt to the rule changes coming into play on 1 October 2022.
Mortgage lenders temporarily withdraw mortgage products amid turmoil
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.
Well-established estate agency moves to independent ownership
After 15 years of successful occupation, the directors of the estate agency have secured independent ownership of the business.
Labour accused of ‘demonising all landlords’ with plan to make evictions harder
Labour has laid out plans for sweeping housing reforms that would reduce landlord powers to evict tenants or stop them keeping pets.
Housebuilder share prices fall sharply following market reaction to tax cuts
Largest housebuilders see share prices fall amid prospect of higher than initially expected interest rate hikes.
Kwasi Kwarteng tries to calm the markets by pledging to outline in November how he plans to cut debt
Read in full: The Treasury's update on growth plan implementation.
Shortlists revealed for Propertymark Qualifications Awards 2022
The awards will take place at the British Museum in London on 11 October.
More stamp duty changes on the horizon as Labour on course for significant majority
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.