Home seekers could soon be subjected to ‘health screenings’ by estate agents on the phone before viewing a property in person, a leading property website claims. Aside from this development in the property market, Rightmove says there are strong signs that buyers are poised and ready to move. Visits from potential buyers to the websites … Read more
Average mortgage rates dropped to the lowest level on record as the property market officially reopened for business this week, but banks have not cut costs by as much as the Bank of England rate cut. Finance experts at Moneyfacts say the average two-year fixed rate is now at a record low of just 2.09 … Read more
House prices could take nearly a year to recover from the fallout of the coronavirus pandemic, the UK’s leading property professionals have warned. A Royal Institution of Chartered Surveyors report said that 80 per cent of its member agents had seen buyers and sellers pull out of property deals during lockdown. Last month, the Rics called … Read more
The property market has officially reopened for business after the Government said estate agents could restart viewings and home moves could go ahead again. Almost half-a-million property transactions that had stalled in lockdown can restart from today, while sellers can brave the market and buyers can go house hunting again. But it’s far from business … Read more
Rising numbers of older homeowners are resorting to equity release to help out loved ones during the coronavirus crisis. Despite the lockdown, equity release providers have handed out loans worth millions of pounds after strict rules were relaxed. Figures from a leading broker show that last month more home owners were taking out the loans … Read more
House prices now predicted to fall 7% this year thanks to coronavirus lockdown and much of the decline has already taken place, estate agent says By Camilla Canocchi for Thisismoney.co.uk Published: 18:09 BST, 12 May 2020 | Updated: 18:43 BST, 12 May 2020 Property prices are forecast to fall 7 per cent this year as … Read more
With the majority of Britons staying at home because of the coronavirus lockdown, along with impending financial woe and job panic, purchasing a property might be the last thing on many people’s minds. However, for some, they will be preparing to take part in an online property auction, bidding for houses they cannot see in … Read more
We are first-time buyers and had an offer accepted on a property just before coronavirus hit. We still want to go ahead with the purchase and exchange after lockdown, but we’re worried that the house will be worth less by then? We don’t want to gazunder the seller or mess them around, but also we … Read more
The majority of home-seekers are determined to plough ahead with their property transactions once lockdown restrictions are eased, new findings show. Ninety-four per cent of buyers and sellers surveyed in research by property website Rightmove said they want to get their property deal moving when the housing sector is taken off the leash. As lockdown … Read more
The averge UK property prices ‘unexpectedly’ increased in April despite the coronavirus lockdown, fresh figures from Nationwide suggest. The average cost of a home across the country rose by 0.7 per cent compared to March, and on an annual basis, house prices rose by 3.7 per cent. At a record £222,915, the average house price is … Read more