With stamp duty rates changing for many buyers from 1st April 2025, many movers are stepping up their search for a property at a traditionally quiet time in the market. This sentiment was reflected in Rightmove’s November House Price Index. The portal said the number of sales being agreed is 26% higher now, when compared to the same period in 2023.
November is when winter really arrived. Dark mornings, dark nights, a touch of frost, even a layer of snow. It is also the month many of us will have fired up the central heating for the first time this season.
Data held by the Ministry of Housing, Communities and Local Government estimates there are almost 5 million leasehold homes in England alone. As a result, many people buy, and subsequently sell, a leasehold property.
Did you know 21% of private renters were asked to provide a guarantor when they applied to rent their current property? This finding was part of the latest English Housing Survey, which revealed almost 1 million tenants needed a backup financial plan.
The recent Bank of England (BoE) base rate cut to 4.75% has sparked a mix of reactions, particularly in relation to the housing market and broader economic conditions. Here are some key takeaways from the decision.
The Labour Party's 2024 budget for the UK property market introduces new measures aimed at addressing housing supply and affordability, though it has faced mixed reactions from the industry. Here are the main aspects
The first Labour Budget for 14 years was a hotly anticipated political event, with rumours swirling in the build-up. Now, with Rachel Reeves safely back in No. 11, we can start digesting the contents. Here is what’s relevant to home movers.
The Guardian recently ran an article celebrating the ensuite bathroom. It highlighted the changing requirements of home movers who are, as a minimum, increasingly requesting an ensuite to at least one bedroom.
Many things have changed since the Covid pandemic but no one would have predicted how two new habits with no direct links to the medical world would radically shift our perspective, perhaps forever. Even more surprisingly, both habits have a direct link to property sales.
Labour is planning to implement the new tenancy system for the PRS in a single stage. On this date, all private tenancies, including existing ones, will transition to the new system. New tenancies signed on or after this date will also adhere to the new rules.
Currently, Section 21 of the Housing Act 1988 (“HA 1988”) enables private landlords to terminate a tenancy agreement without having to provide any reason and/or establish fault on the part of the tenant, commonly known as ‘no-fault’ evictions.
The Renters (Reform) Bill will improve the system for both the 11 million private renters and 2.3 million landlords in England. Our reforms have been developed in consultation with landlord and tenant groups over the past five years.
Subscribe to receive the latest property market information to your inbox, full of market knowledge and tips for your home.
You may unsubscribe at any time. See our Privacy Policy.