Bank of England leaves base rate at 5.75%

After a year or steadily incresing Bank of England base rates, the Bank of England’s Monetary Policy Committee yesterday voted to keep base rates at 5.75%.
Many analysts view rates potentially peaking this year at 6%.
For more information visit the Bank of England website

House prices to ‘fall in August’

With the recent Bank of England interest rate rises leading to Homebuyers tightening their belts, a leading UK estate agent is predicting a fall in house prices this month.
IFAonline.co.uk reports that Your Move’s "‘predictor’, based on the Land Registry Index,claims that average house prices will peak at £182,748 in July and will fall to £182,134 […]

Home Information Packs become law

Home Information Packs, the government’s controversial scheme forcing home owners or their agents to pay for an upfront information pack on the property, became law today.
However The Guardian raised concerns that "house sales could be held up by shortages of home inspectors in certain areas".
HIP’s include a Energy Performance Certificate, sale statement, searches and […]

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