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Throughout the pandemic, demand significantly outweighed supply in the housing market which saw asking prices reach record highs. This began to cool as life returned to normal this year, and towards the end of Summer there were signs of the housing market returning to pre-pandemic levels.   Since the mini budget was announced in September, mortgage rates have shot up and...
As a homeowner, mortgages are important, but we understand they can be confusing, especially if you're thinking of buying a new home or re-mortgaging. What's happening to interest rates? With inflation rapidly rising, the Bank of England has increased interest rates in an attempt to slow it down - higher interest rates encourage saving so the rise in costs declines. The annual...
Whilst experts feared that the housing market would decline and house prices would fall during the pandemic, we actually saw the opposite effect. In summer 2021, demand soured as buyers took advantage of the Stamp Duty & LTT holidays, with demand peaking around the deadline dates.   Now these holidays have ended, and the cost-of-living crisis worsens,  the...
The UK property market has had a 'hectic' 18 months with the start of the year still proving busy, showing strong buyer demand and a rebound in the number of homeowners apparently getting ready to sell in 2022. Looking back over 2021, there have been a lot of positive changes to the property market to fuel a boom and push up prices. The property market started off with a bang with the...
As restrictions start to ease,   almost a third of UK households are making plans to change their living arrangements. According to a new national survey of around 2,000 households, 31% are planning to move house following repetitive lockdowns and remote-working experiences.    With only around 5% of households typically moving house each year, the increase...

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