“Homeseller drought” on the cards should house prices tumble

homeseller

The vast majority of homeowners would be less likely to sell their property should values begin to dip, new research has found. This has sparked concerns of a “homeseller drought” if – perhaps when – such a situation materialises. Homeowners are also worried about the current rate of inflation insofar as its impact on the […]

54% of borrowers increased their remortgage loan size in July

remortgage activity for July 2022

A report by LMS provides the remortgage activity for July 2022. The report shows average monthly payments went down, and of those who remortgaged the most popular reason given by respondents said the reason was to release equity into their property. The report shows that 54% of borrowers increased their loan size in July. The […]

Big movers: the UK locations paying the most on Stamp Duty since its return

government’s Stamp Duty Land Tax

The promise of saving thousands of pounds on their property purchase sent home buyers clamouring to compete before the government’s Stamp Duty Land Tax (SDLT) came to an end last September. It wasn’t just buyers who benefited either. The “stamp duty holiday” brought much-needed new business for conveyancing teams after the uncertainty at the start […]