Housing Gazumping restrictions wanted by public according to recent report
A survey of over 2000 UK adults uncovers that 55% of people view gazumping restrictions as their top priority in new housing reforms. These numbers increased to 64% of people surveyed that currently owned residential property and had been through the house buying process. The practice of placing an increased offer on a property, when […]
Recent reports claim estate agency closures are on the rise: is this a threat to conveyancers?
Multiple reports, published in the past year, indicate that estate agents are in severe financial trouble. A report produced by Moore Stephens indicates that 19% or 7000 estate agencies are struggling to survive in current market conditions. Further to this, 4,928 estate agencies out of 25,560 are showing signs of ‘financial distress’. A myriad of […]
Interest rates placed at decade high: what does this mean for the property market?
Following a steady increase in borrowing and spending, the Bank of England announced that UK interest rates are set to rise from 0.5% to 0.75% for the first time since they were lowered during the aftermath of the financial collapse in 2009. The unanimous decision was made on the prediction that the UK is transitioning […]
