First time buyer deposits down 10 per cent
First time buyer deposits have fallen by ten per cent in 12 months, according to new figures. May saw the figure stand at £24,637, £2,700 less than one year ago, but still needing eight months’ salary, the fourth consecutive month in which the average first-time buyer deposit was below £25,000. Falling deposits mean they are […]
Property value rises 7 per cent
The average property value in England and Wales has seen an annual price rise of almost seven per cent to £172, 035, compared with the peak of £181,518 in November 2007, according to new figures. London saw the largest yearly increase in average property value with a movement of 18.5 per cent, while the North […]
Legal Services Board Chief steps down
Chief Executive of the Legal Services board, Chris Kenny, will step down from the post at the end of November, the Board has announced. Mr Kenny held the position for five years and applications for the role will be advertised later this week. The LSB aims to make an appointment by the end of September. […]