Property News

A calculator on a desk being used by a woman calculating the new asking price of her home

Asking Price Discounts Hit a 5-Year High

According to the latest House Price Index by Zoopla, sellers are facing increasing pressure to accept discounts on their asking prices. A significant 42% of sellers are now accepting discounts of 5% or more to secure a sale, marking the highest level since 2018. This trend can be attributed to higher mortgage rates, which have also impacted buyers’ purchasing power, creating a favorable buyers’ market for the remainder of 2023.

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100% Mortgages are Back!

After disappearing from the market following the 2008 financial crash, 100% mortgages are now back. Skipton Building Society are the first lender since 2008 to offer a no-deposit product with their Track Record Mortgage. In this article we take a look at what they are, who they are for, and the pros and cons of taking on a 100% mortgage.

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Why January is One of the Best Months to Sell your House

Believe it or not, if you are looking for a quick sale, January is actually one of the best months to sell your home.

Data from the HomeOwners Alliance found that properties listed in January now take an average of 60 days to sell over the last seven years. This ranges from 51 to 75 days (with the 75 being a bit of an outlier, the next highest was 63!).

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