Bank of England's September lending data
The flow of net mortgage lending by all UK-resident mortgage lenders increased in August to £1.7 billion, though the annual rate of growth in the stock of lending was stable at 1.0%. According to data from the major UK lenders, net mortgage lending flows fell in September as total gross lending remained broadly unchanged but […]
Buyers confused about purpose of surveys
Homebuyers in England and Wales are facing bills for thousands of pounds by failing to have a sufficient survey of their property before purchase, according to new research from RICS. This is unlikely to come as any surprise to conveyancers. The report indicates that Home surveys help buyers make informed decisions as to whether to […]
Equity release looking forward to a growth in popularity
Friends Provident has commissioned a report from research house, the Future Foundation regarding attitudes towards retirement funding. Only 6% of respondents are considering equity release, however, experts believe it will become more common by 2020. Conveyancers may wish to think about how much they know about equity release and whether it is a sector they […]
Homeowners cut house prices in run up to Christmas
New research out today Thursday 4th November from the leading property search website Zoopla.co.uk shows that the number of properties for sale in the UK that have had their asking price reduced at least once since coming to the market has climbed by more than 13% over the past three months, up from 32.2% in […]
Rightmove survey shows first time buyers coming back into market
Rightmove’s Consumer Confidence Survey for October shows that 26% of people of who intend to buy a property in the next year will be doing so for the first time, up from 22% in July. The survey also finds that the number of first-time buyers expecting prices to drop over the next year has jumped […]
Search provider MDA Searchflow announces sale by parent
MDA the Canadian business providing satellite technology to conveyancing search data announced on Friday that it had agreed terms to sell its UK and North American Information Products division to TPG Capital for net cash proceeds of Can$850M. The UK brands included are MDA Searchflow Ltd, MDA Hub ltd, xit2 limited, Rochford Brady Group and […]