Transactions

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Aldermore calls for SDLT ‘holiday’ to kick-start housing market

New research shows both significant numbers of first-time buyers and existing homeowners would accelerate moving plans if there was a temporary stamp duty ‘holiday’. This research – by Aldermore Bank – puts more pressure on the Chancellor to consider changes to stamp duty land tax in next week’s Budget, to relieve pressures in the housing […]

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Remortgage activity up, but BTL lending falls: UK Finance

The prospect of a rate rise helped to boost remortgaging activity in September, when compared to a year ago, with homeowners sought to fix their monthly mortgage costs. New figures by UK Finance show a mixed picture on lending figures, with lending in many other areas declining. The value of remortgages in September was £6.4bn […]

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New evidence of housing slowdown: Rics

The UK housing market continued to stutter in October, with subdued sales in most regions according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey. Surveyors said that demand from buyers has continued to decline, which has had an impact on both the number of sales agreed and property prices. While prices […]

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Valunation MD Alison Beech to step down

Valunation Chartered Surveyors managing director Alison Beech is retiring after eight years leading the firm. Beech will leave at the end of January 2018. She will be replaced by Paul Lancaster, who is operations director of Valunation’s parent, Spicerhaart Group. Beech has had profit and loss responsibility for Valunation since 2010 and was formally appointed […]

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Mortgage approvals dip in September: e.surv

There was a slight dip in mortgage approvals between August and September, figures from the latest e.surv mortgage monitor have found. Statistics from the chartered surveyor show that there were 66,185 mortgage approvals in September, on a seasonally adjusted basis, down by 0.6 per cent from August. However, approvals are well up on September 2016, […]

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FTBs massively under-estimate mortgage deposits: Aldermore

First-time buyers are under-estimating the cost of buying their first home by an average of £15,388, according to new research. Not surprisingly this problem is particularly acute in London and the South East, where first-time buyers were under-estimating the deposit they would need by a staggering £75,000. This research, part of Aldermore’s First Time Buyer […]