Following last weeks mini-Budget there has been turmoil in the money markets. On Tuesday 1000 mortgage products were withdrawn as lenders try to re-price their offerings as bank base rates head towards 6%. 12 months ago you could get a 2 year fixed rate mortgage for 1.6%. Today the NationwideContinue Reading

My comments to Jeremy Vine following the ‘mini-Budget’ that turned out to be anything but! We’re joined by Robert Colvile from CPS Think Tank who is a supporter of the changes being introduced.Continue Reading

The amount of stamp duty you pay depends on the cost of the property. Chancellor Kwasi Kwarteng announced new rates for England and Northern Ireland as part of the government’s mini-budget. These are: £0 – £250,000 (£425,000 for first time buyers) = 0% £250,000 – £925,000 = 5% £925,000 –Continue Reading

Announcement from Buckingham Palace. The Queen died peacefully at Balmoral this afternoon. The King and The Queen Consort will remain at Balmoral this evening and will return to London tomorrow. Thursday 8th September 2022Continue Reading

The supply of available properties is still almost 40% below levels of August 2019 according to Rightmove this week. Sales are trending slightly lower although most experts think that we will see around 1.2m transactions by the end of the year which is about average. The number of homes listedContinue Reading

Annual house price inflation is currently up either by a lot or by a hell of a lot depending, as always, on who you ask. At £32k a year the typical UK house is now earning more than the average occupier. Zoopla 8.3% Rightmove 9.3% Office for National Statistics 12.8%Continue Reading