Mortgage Market Briefing – June 2019
The Bank of Mum and Dad is becoming ever more important, with an increasing number of buyers turning to their parents to help them onto the housing ladder.
What is Stamp Duty?
Stamp Duty Land Tax (SDLT) is a paid to HMRC by those purchasing property. It’s calculated by the price you paid for the property, as well as any special considerations about you as a buyer.
How long does a Home Buyers survey take?
An RICS HomeBuyer Report gives you indispensable information on the condition of the property you’re considering purchasing, as well as advising your solicitor on how to act in your best interests moving forward.
A valuation is not a survey
If there’s one misunderstanding we deal with daily, it’s that many mortgage applicants expect our valuer to conduct a survey when, in reality, he/she is there to carry out a mortgage valuation.
What is the average first time buyer deposit?
Your home will probably be the most expensive, and most significant, purchase that you’ll make in your lifetime. A key stage in the house buying process is arranging finance for your new property – and that usually takes the form of a mortgage.
e.surv: Where professional development matters
Part of our success comes from the professional development opportunities that are available here – which Kate Stephens (Business Analyst) can attest to.
Average prices in England & Wales gain just £1,000 in the year
Prices creep slowly upwards on an annual basis. Transactions in May 2019 up 7% on previous month. Nottingham takes top spot in Conurbation annual house price growth league.
May sees further boost to mortgage market
Activity remains strong across the country. Yorkshire continues to be first-time buyer hotspot. Competitive mortgage rates drive existing homeowners to take out new loans.
Tim Wood elected as a Fellow of the RICS (FRICS)
It gives us great pleasure to announce that Tim Wood, our Regional Operations Director for the South region, has been elected a Fellow of the RICS in recognition of his experience and achievements in the surveying industry.