Bank of England holds interest rates
The Monetary Policy Committee (MPC) of the Bank of England has made the decision to leave interest rates at 5.25%. It had been previously been expected to raise the base rate from 5.25% to 5.5% but following the unexpected fall in inflation it appears the Bank of England is content that their economic plan is […]
LMS monthly remortgage snapshot: August 2023
LMS, the UK’s leading conveyancer and panel management specialist, has today released its monthly remortgage snapshot. This month’s update showed: Instructions decreased by 8% in August 10% less remortgages completed in August The overall cancellation rate increased by 0.25% Pipeline cases increased by 2% month on month 40% of borrowers increased their loan size in […]
Spencer Elliott Property Lawyers enhance efficiency and risk management with Redbrick Solutions
Property law specialists, Spencer Elliott Property Lawyers, were first founded in 2016 by experienced lawyer, Elizabeth Spencer. Shortly after opening the doors the firm needed a solution to speed up the conveyancing process, saving them valuable time whilst delivering exceptional service to their clients. Spencer Elliott take pride in their personalised, approachable, and efficient conveyancing […]
Irwin Mitchell appoints New Group Chief Executive Officer
Following the loss of their former Group Chief Executive Officer (CEO), Andrew Tucker, the Non-Executive Directors of Irwin Mitchell Group can now confirm the appointment of Craig Marshall as its new Group CEO. Craig joined Irwin Mitchell in 2007 when the firm merged with Scottish law firm Golds before being appointed Chief Executive Officer of […]
Bristol town revealed as strongest sellers’ market in UK
A new study by Rightmove has revealed that St. George in Bristol is the new strongest sellers’ market, with eight in ten (80%) of homes listed for sale so far this year successfully finding a buyer and being marked Sold Subject to Contract (SSTC). Bishopston, also in Bristol is second (79%) and Heaton in Newcastle […]
Mortgage affordability concerns hit 15-year high, stalling homeownership dreams
The proportion of people who think mortgage affordability is a barrier to homeownership is now at its highest level in 15 years, a new report has revealed. The latest Property Tracker report from the Building Societies Association (BSA) shows that people now think the cost of a mortgage is the biggest obstacle to buying a […]
