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Linden comments on interest rate rise

Philip Davies, chief executive of Linden Homes, says: “Today’s interest rate rise was widely expected and the majority of homeowners had already priced it in, so I do not expect it to have a significant impact on the housing market.

“A further rise in December or January, however, would have a detrimental effect on consumer confidence, so I await the minutes of today’s MPC meeting with anticipation to see how the committee members voted.

“Investor presence is currently strong and first time buyers are clinging on to the market through developer deals, buying together and with financial help from their families, but they will feel the pinch even harder after today’s rise. The continuation of the upward trend next month or in the new year would price the vast majority of first time buyers out of the market altogether, resulting in stagnation and preventing existing homeowners from moving up the ladder.”


Does the environmental impact of your house matter to you?

Nolh Clements, 27, events managerI am not in a position to buy a house now, but the environmental impact of a property is definitely something that would be important for me, especially as being environmentally-friendly is a big issue at the moment. Sam Wilson, 30, managerIt would depend on where the property was. Buildings in […]

UK Coal to sell brownfield sites for development

UK Coal is poised to sell up to 49,500 acres of brown field sites around its mines, both active and closed. The move, which will earn the company more than £500m, will see the development of commercial, industrial and residential property on the sites. Jon Lloyd, former head of property at HBOS, joined UK Coal […]

Bank of England increases interest rate to 5%

The Bank of England’s Monetary Policy Committee has increased UK interest rates to a five-year high of 5%, up from 4.75%.Matthew Wyles, group development director at Portman, says: “This rate increase was a racing certainty and has already been factored into the pricing of most fixed rate mortgage products. “It’s clear that the MPC intends […]

Texting can boost business

MortgageKeeper says mobile phone texting has not only revolutionised the way people communicate socially but is also forging new opportunities in the way business is done. Texting gets straight to the customer, providing a way of updating clients or field sales teams on the latest opportunities in the market.


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