Monthly house price growth slowdown continues

The latest data and analysis from LSL Acadata has shown that despite most regions seeing annual price rises, average month on month growth (apart from in August) continues to slow. The figures for September revealed further a 0.1% during the month and 0.9% increase over the year – the lowest level in six and a half years. According to LSL, the average price in England and Wales remains above the £300,000 mark, and is up almost £3,000 on a year ago, now standing…

Cash purchase numbers fall to lowest level on record

New research published today by Hamptons International shows that in H1 2018, the proportion of homes in England and Wales bought with cash fell to 29.6%, the lowest level since the company’s records began. Hamptons International’s records started in H1 2007 when 33.6% of homes were purchased with cash and peaked in H2 2008 when 37.8% of homes in England and Wales were bought without a mortgage. In H1 2018, 113,490 homes were cash purchases, totalling £25.3 billion in value according to Land…

Tips for buying at a property auction: What you need to know

Scott Hendry, auction finance expert at specialist lender Together, shares his best tips for property investors heading to an auction. 1. Read the legal pack The legal pack contains documents relating to the property, and is prepared by the seller’s conveyancer.Each one will be unique, so investors should always read the pack no matter how experienced you become. Make sure you’ve read the small print, as it’s often in these sections where surprises – such as covenants, restrictions and rights of access –…

The Mortgage Lender announce new residential mortgage range

The Mortgage Lender has announced that it has refreshed its residential mortgage range, including increasing maximum LTV’s, reducing completion fees and a new cashback range. According to the announcement, benefits of the new range will now include an increased maximum LTV to 90% through selected introducers, reduced completion fees, Rates for Real Life 1 at 70%t loan to value starting at 2.8% for a two-year fix and 3.55% for a five-year fix. At 90% LTV a two-year fix starts at 3.99%. £750 cashback…

Scrapping the Severn Bridge toll has driven up house prices in Wales

New research by Housesimple.com has revealed that property prices in south east Wales have soared since last year’s announcement that the Severn Bridge toll would be scrapped. Land Registry property figures analysed by Housesimple reveal that since the decision was announced in the summer of 2017, average sold house prices across the three Welsh local authorities closest to the Severn Bridge – Monmouthshire, Newport and Torfaen – have increased 13.2%. That’s over four times more than average prices have risen across the UK over…

Top tips to invite wildlife into your garden

With over 2.5 million grey squirrels and almost 600 different species of birds living in the UK*, there are plenty of ways to welcome wildlife into your garden. Garden building supplier, Tiger Sheds, has worked with a range of experts to offer the nation five useful tips on how to make their gardens more wildlife-friendly. 1. Plant smaller shrubs For those looking to do a spot of bird watching, planting woody shrubs and small berry bushes can provide a perfect grazing spot…

Rise in house sales falling through

New data released by Quick Move Now has shown that, in a challenging year for the UK property market, the latest piece of bad news is that house sales that fail before completion are on the rise. The figures indicate a house sale fall through rate of 28.3% for Q3 2018, a rise of 5.2% since Q2. Danny Luke, Quick Move Now’s managing director, commented: “Political and economic uncertainty has left many homeowners and would-be buyers feeling nervous, and most estate agents are…

Fresh calls for government to support the housing market

Ahead of the budget at the end of the month, fresh calls are being made to the government to support and stimulate the UK property market. Mark Readings, Founder and Managing Director of, House Network, explains why the 2018 budget announcement on the 29th October 2018 is so significant to the property market. Brexit and the increased stamp duty are being blamed for a steep downturn in the housing market in London and the south of England, with slow and stagnant growth across…

Hamilton Fraser adds second date to Academy Course Letting Agents

Next month, Hamilton Fraser is launching the Hamilton Fraser Academy, a series of half and full day workshops to offer property professionals advice and education covering the full tenancy lifecycle. The first course, ‘Legal update and compliance’ is aimed at letting agents of all sizes and will be hosted by Susie Crolla of The Letting Training Centre on 22nd November. Due to high demand, this course is now full and a second workshop has been added on 13th December. Following a raft of…

Average 5 year BTL rates fall to new record low

According to the latest data released by Moneyfacts, average five-year fixed buy-to-let rates are now at a record low of 3.40% after falling from 3.55% in April. The data suggests that a turbulent market and fierce competition in the sector are the most likely cause for the drop. Charlotte Nelson, finance expert at Moneyfacts, said: “The buy-to-let market has been on a rollercoaster ride in recent years, with not only two base rate rises to contend with, but multiple regulation and tax changes…