Lenders see influx of remortgages amid property slump

There seem to be quite a few factors as to why the property prices in the UK are plummeting recently, especially in London.  Stamp duty, second home sales tax and with regards to London in particular, which seems to be declining faster than any other area as well as the whole of the South East, due to in general the property prices, as they are just too high. Of course with Brexit looming and the uncertainty that goes along with...

UK property market at weakest position since Sept 2012 due to Brexit uncertainty

The Royal Institution of Chartered Surveyors (Rics) have published its findings from its monthly survey of its members and it doesn't look good for the UK property market. It found “the weakest reading since September 2012” in October, with prices falling in London, the south-east, south-west and East Anglia. They have are also forecasted that prices remain flat nationally over the next 12 months. In October, prices in London continue on their negative path as buyers wait for Brexit certainty, according...

These locations have the lowest and highest traditional estate agent fees in the UK

Traditional estate agent fees in Glasgow and Leicester are the lowest in the country, averaging just 0.84% of the final house sale price, according to new research. Agents in the cities charge, on average, 0.26% less than the national average (1.10%). According to data from estate agent comparison experts NetAnAgent.com. Edinburgh has the second lowest fees at 0.89%, followed by Hull 0.91% in third place. While London, unsurprisingly, has the highest traditional estate agent fees in the country at 1.7%, followed...

Review of business rates called for as Brexit uncertainty takes toll on UK commercial property

The ongoing uncertainty surrounding the Brexit negotiations is taking its toll on the UK Commercial Property market, causing some hesitancy among tenants, according to the Q3 2018 RICS UK Commercial Property Market survey.  Because of the continued uncertainty, RICS (Royal Institution of Chartered Surveyors) is calling on the government to review the business rates system in the upcoming Budget. Brexit uncertainty is taking its toll at the headline level, as occupier demand fell slightly, with a net balance of –9%...

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