Quick Move Now Fall Through Index: What are the chances of a house sale falling through?
Quick Move Now has reported that the rate of house sales falling through in April was 30.32%, with one in three sales failing to reach completion. The main reason for this high rate was issues obtaining finance. This reflects the behaviour of the market over the first four months of 2012. Donna Houguez, Market Analyst […]
Searches UK joins Checkaprofessional.com as first search company in the UK
Searches UK, a leading provider of searches to UK conveyancing practitioners, have become the only search company in the country to have successfully joined Checkaprofessional.com. Checkaprofessional.com is a new venture from Checkatrade, which was founded in 1998 to help people find reliable and honest tradespeople. Checkaprofessional.com works in the same way, monitoring services by over […]
Transactions tumble following return of stamp duty
Following the end of the stamp duty holiday in March, the LSL/Academetrics House Price Index shows a drop in the number of transactions by 18%, although prices hold steady with a 0.2% drop. Richard Sexton, director of e-surv comments: “The sharp fall in transactions in April shows the huge impetus the end of the stamp […]
CML report on repossessions and arrears show stable picture
The CML has today released figures on repossessions and arrears over the first quarter of 2012. The number of repossessions was 9,600. This is the same as recorded in the first quarter of 2011, and stops the upward trend which had been seen in recent years. The number of repossessions was higher than the […]
Buy-to-let lending drops in first quarter of 2012
CML figures released this week show that buy-to-let lending has fallen by 5% in the first quarter of 2011 compared to quarter 4 of 2011. New buy-to-let lending totalled £3.7 billion, over 32,300 loans. This is a third better than the same time last year, but is still two thirds below 2007 levels. The buy-to-let […]
Buying Land for Development
BUYING LAND FOR DEVELOPMENT Land banks, like real banks, are experiencing something of a hiatus. Some developers are ‘unloading’ their development land; others are looking to pick up bargains. Some landowners have to realise their land assets despite the downturn. A rising market can hide mistakes; the current market won’t. The need to get things […]