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News Archive for May - 2018

Asking Prices at an All-Time High, But Sales Have Dipped

The latest data from Rightmove indicates that the average national asking price has reached another all-time high of £308,075 following a monthly rise of 0.8% (equivalent to £2,343).

The portal reports, however, that agreed sales so far this year are down 5.4% when compared to the same period in 2017.

Despite this, Rightmove is recording record visits but says that uncertainty and stretched affordability continue to dent the sentiment ...

Help To Buy Equity Loan Users Told to Beware of Falling House Prices

Consumer body Which? is warning that those who used the Help To Buy equity loan to purchase their homes could face trouble in the future thanks to the slowing housing market.

Under the Help to Buy scheme - open to people buying a new-build property for less than £600,000 - a buyer’s five per cent deposit is topped up by the government’s 20 per cent equity loan (rising to 40 per cent in London). Then a mortgage is taken out in the usual ...