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First Time Buyers Push To Beat Stamp Duty

Stamp Duty

First time buyers are going to find making that first leap on to the property ladder an almost impossible feat as prices continue to rise, demand outstrips supply and lenders remain strict in their lending.

Considering the cash deposit that is expected by most banks for a mortgage it will be very difficult for many first time buyers to attain that first step on the property ladder.

Thousands of property buyers are trying to benefit from the stamp duty holiday before it ends on 31st December. (more…)

House Prices Increase Reports Land Registry

House Prices

October saw house prices rise by 0.6% according to a survey by the Land Registry

This is now the fifth month in a row that prices have risen said a Land Registry spokesman.

The average house price is now £159,546, which is 3.4% lower than October last year.

North West England saw the biggest rise at 1.9% while Wales experienced the largest fall of 2.3%. (more…)

UK House Prices Are On The Rise

Asking prices for homes in England and Wales rose on an annual basis for the first in more than a year in October, property Web site Rightmove said on Monday, buoyed by a dearth of properties coming onto the market.

October saw the first annual based rise in house prices in England and Wales for more than a year stated property based website Rightmove, this is a result of new properties coming on to the market. (more…)