Swings in price growth are set to persist

Swings in price growth are set to persist
Swings in price growth are set to persist

Land Registry House Price Index: April 2017 (June Release)

Founder and CEO of eMoov.co.uk, Russell Quirk, commented: 

“The latest government data seems to portray a healthier market than other industry sources on the surface, with the monthly rate of growth bucking the downward trends seen in the previous month to climb 1.6%.

That said, transactional volume was down on a month on month basis and it is reported that both buyer and seller demand dwindled, no doubt a knee-jerk reaction to the news of a snap election.

Although the events of the last year, particularly the changing political landscape, do not seem to have had a long-lasting detrimental impact on the UK property market, they have certainly stunted the rate of price growth.

Many UK homeowners and buyers for that matter would have been waiting for the election outcome to provide an air of stability in which to conduct their transaction. The reality, for the immediate future at least, will not provide that and it is likely that the unpredictable swings in house price growth seen over the last few months will now persist for a while longer.”

Could technology push the mortgage market to undergo Uber-ification?

Technology has revolutionised many industries: the hotel industry has AirBnB, taxis have Uber and diners have Deliveroo, but what could technology hold for the future of the mortgage industry? “The mortgage industry is rarely at the front of the queue for innovation,” says Mark Lofthouse Chief Executive Officer of Mortgage Brain. However, technology is beginning […]

Over one million UK homeowners on wrong mortgage deal

Over 1.1 million UK homeowners are sitting on the wrong mortgage deal and wasting over £2,500 every year according to latest research. The research from L&C Mortgages also discovered that 30 per cent or 3.4 million households do not know their current interest rate of their mortgage, and with a total £2.78 billion in lost. […]

70% of Brits would pay more for a rental with the perfect flatmate

The average age when Britons living in rental accommodation think they’ll be able to afford their own house is 33. The survey by Spark Energy found that one in six respondents (17 per cent) don’t believe they will ever be able to raise the money to purchase property. Indeed, people living in London and Manchester […]

New chairman of Portsmouth Property Association

    Chartered surveyor Tom Holloway has been named as chairman of Portsmouth Property Association (PPA) for 2017. Tom is a director at long established independent chartered surveyors and commercial and industrial property consultants Holloway Iliffe & Mitchell. He takes the reins as the association continues to have a record membership of around 170 people […]