Wed 23 Jun 2010

New Budget means tough times are ahead in the Property Market


Everyone knew the provisions in the new Budget, which was announced yesterday, would be harsh and we have been bracing ourselves for this for a short while now. The new budget directly impacts on the property market and will affect first time buyers, new build properties, sellers of second homes and the number of properties being marketed.


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Fri 18 Jun 2010

Mortgage Fraud is on the increase – Conveyancers Beware!

The Law Society Gazette reported on 17th June 2010 that mortgage fraud continues to rise based on the latest figures issued by the Solicitors Regulation Authority. These figures are particularly worrying for conveyancers.

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Wed 16 Jun 2010

Rise in CGT will affect the Property Market


A rise in Capital Gains Tax (CGT) has been a hot topic for some time now, since the new coalition government came in to power, and we all wait with baited breath to see what the actual changes will be.

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Tue 15 Jun 2010

House Prices continue to increase as HIPS are abolished

The Press Association Yahoo News reported this morning that house prices continued to rise in the month of May following the axing of the controversial HIPs packs. Click here to read the full report.

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Fri 11 Jun 2010

Platform launches a Joint Mortgage for Joint Property Buyers

The mortgage lender, Platform, has just launched a new product solely for joint property buyers. They say that research has shown that those with joint mortgagees tend to ‘perform better’ than those with a mortgage in their sole name. They are therefore able to offer favourable rates to joint applicants. Click here for the full report.

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Wed 09 Jun 2010

Crackdown on 'Garden Grabbing' for New Builds to be announced today!

Measures to stop “garden grabbing” by property developers are to be announced today after mounting concern relating to high-density housing, reports the Times online. Click here for the full report.

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Tue 08 Jun 2010

First Time Buyers to be given a Helping Hand


According to a report in today, Grant Shapps has pledged to help first time buyers on to the property ladder. “Everybody should be able to buy their own home, the new Housing Minister is to announce today. ” Click here to view the full report.

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Fri 04 Jun 2010

Should Conveyancing Referral Fees be banned?

There has been a lot of debate for some time now over whether referral fees for conveyancing matters should be retained or scrapped and whether they have harmed ‘consumers’.  

The Law Society Gazette reported on 20 May 2010 that according to a report commissioned by the Legal Services Commission:

“There is no evidence that referral fees have adversely affected consumers in the conveyancing or personal injury markets. ”

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Wed 02 Jun 2010

More Houses on the Market as HIPs are scrapped!

Estate agents are reporting a sharp increase in the number of houses being put on the market since the controversial HIPs have been suspended.  

There is reported to be a 35% increase on new properties being marketed and it is clear that this is partly due to the HIPs being scrapped on 20 May 2010. Those sellers who have been in two minds about whether to market their properties have now decided to go ahead and try and sell their properties knowing that they do not have to incur the expense of paying for a HIPs pack before they do.

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Tue 01 Jun 2010

HIPs demise boosts Housing market activity, but they're not commissioning EPCs!

The end of the HIP has resulted in more people putting their property on the market according to Estate Agents.  However it seems as though house-sellers, and perhaps Agents too, have not yet got to grips with the new EPC regulations that state that an EPC must be "commissioned" when you start to market a property.  There are still nowhere near as many people buying EPCs as were buying HIPs.

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