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Brexit ruling ‘to prompt further slowdown in sales’

Appeal-Court-High-Court-Building--700x450.jpgThe Government’s defeat in the High Court on triggering Article 50 and Brexit will increase uncertainty in the property market, stalling transactions and denting confidence, estate agents warn.

Yesterday’s ruling will “delay the triggering of Article 50, elongating the period of uncertainty,” according to Haart estate agents.

It says transaction rates are  likely to continue to suffer as buyers and sellers hold off until they are provided with more clarity around the future of the UK.

Haart chief executive Paul Smith says the Court decision reignites “cause for a lack of confidence among buyers, sellers and housebuilders”.

He adds: “It cannot be emphasised enough how much the residential property market is reliant on confidence, and as we currently see a market that is suffering from almost record low transactions levels, especially in the capital, it is now more important than ever that clarity is provided.

“What we need to see is a quick, clean break from the EU, as opposed to a dragged out process that today’s ruling will make more likely. Britons have voted to be free of the EU, and their wishes should be respected with a clear exit strategy being put in place.”


New software helps brokers test lenders’ criteria

A new software development from Iress and Experian will enable brokers to test applicants against lenders’ criteria without leaving a hard footprint on their credit files. The enhancement to Iress’s XPlan Mortgage sourcing software is currently being piloted by users, with plans for a full rollout early next year. By linking up with HD Decisions, […]

Bob Young Fleet 2014

Fleet Mortgages overhauls range

Fleet Mortgages has overhauled its product range, involving cutting rates and bringing in new products. The changes take place today. Fleet has introduced two pay rate lifetime tracker products. For individuals the rate is 3.99 per cent (LIBOR plus 3.6 per cent) up to 75 per cent LTV, with a rental calculation of 125 per […]


HSBC joins Openwork panel

HSBC’s full range of residential mortgages will be available to Openwork advisers after the network added the lender to its panel. HSBC is the fifth new lender to join the Openwork panel this year. Openwork proposition director, mortgages, protection and GI Paul Shearman says: “We conducted a survey amongst our members early this year regarding […]

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]


Trust me, I’m a provider

By Craig Paterson, Underwriting and Claims Philosophy Manager, Royal London Hard-hitting headlines “Dying mother of two is refused life insurance payout.”1 “What a way to treat a dying man: Grandfather refused life insurance claim.”2 “A widow betrayed by a life insurance company.”3 With headlines like these, it’s no wonder some consumers don’t trust providers. Trust […]


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