Since the start of the year, banks and mortgage lenders have withdrawn 60% of mortgages for borrowers with small deposits. The lack of availability these mortgages bring means first time buyers will have a harder time than previously with getting a foot on the property ladder. The pulling of these Read More ->
When Liz Truss came into power, one of her significant headaches was the ruthless rise in mortgage costs. As of the 20th of October 2022, the now ex-British Prime Minister, Liz Truss, has resigned from her seat of power during a set of unique U-turn decisions on the government’s mini-budget Read More ->
According to property portal Rightmove the average price of property coming to market in the UK has risen to 0.9% but the demand from first-time buyers has dropped. Despite the governments consistent U-turns and economic turmoil brought on by the mini budget, there has been little sign of the housing Read More ->
The UK government recently announced that they would cap typical annual household energy costs at £2,500 per year for the next two years. However, energy bills continue to rise for many households across the country. With leading property news outlets creating headlines about the possible incoming property crash and ‘year Read More ->
For those who aren’t familiar with the term, ‘Corporate Letting’ or a ‘Company Let’ as it is also known, is an arrangement between a landlord and a business that leases the property from the landlord to house one of their employees. This is often arranged by a specialist Corporate Letting Read More ->
The National Grid Electricity System Operator (ESO) announced recently that the United Kingdom might face planned power outages during the winter months of this year. They warned on the edge of caution, saying it would be improbable, but the risk is still there. A blackout is a total failure of Read More ->
Over the next two years, house prices in London are predicted to fall by 10%. This drop in prices has come after the Chancellors ‘mini-budget’ which sent the mortgage market into a downward spiral as well as causing the pound to drop in value. A ‘year of pain’ is being Read More ->
Since 2021, more than 140,000 British National Hong Kongers have applied to emigrate to Britain through the British National Overseas (BN(O)) Route. As a result, certain areas within Britain have seen a dramatic increase in the number of Hong Kong communities, and the property market has undergone a boom in Read More ->
Energy prices are surging across the world. In April 2022, the UK energy price cap increased by 54% for the average household – and is set to increase by a further 80% in October. Cornwall Insight has also predicted that the country will see more increases throughout 2023, and even Read More ->
Liz Truss and her new Chancellor Kwasi Kwarteng are currently drawing up plans to abolish stamp duty amongst a string of tax cuts according to The Times. The plan to slash stamp duty is part of a wider plan to help kickstart the economy, alongside axing plans to raise corporation Read More ->
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