house sales

AI Estate Agents

AI meets instinct: Why the human relationship still defines real estate lending

AI is now a core driver of transformation in financial services, reshaping the foundations of real estate lending. Over 85% of UK lenders now deploy AI tools to streamline operations and improve decision-making, according to AllAboutAI.com. For a sector long criticised for rigid risk models and slow processes, this is transformative. Yet, in the alternative lending sector, which has grown to...

Schoolkids opening

Local schoolchildren open new show home at Zephyr Place, Devizes

Earlier this month, award-winning, independent housebuilder Redcliffe Homes welcomed pupils from The Trinity CE Primary Academy to officially open its new show home at Zephyr Place in Devizes.

Six pupils from the school helped cut the ribbon before touring The Banbury show home, a four-bedroom detached property designed for modern family living. The visit marked an important...

waiting

Almost half of first-time buyers delaying purchase plans until after the Budget - But not because they want a SDLT cut

The latest research from eXp UK has revealed that almost half of first-time buyers (47%) have paused their homebuying plans until after the Autumn Budget, as uncertainty around potential tax and housing policy changes continues to weigh on buyer confidence.

However, it's not short-term tax tweaks they're waiting for. The survey of aspiring homeowners, commissioned by eXp UK, found...

compliance

Coadjute warns many agents risk breaking the law under new AML regime

The majority of UK estate agents may now be at risk of breaching anti-money-laundering (AML) regulations following major changes introduced by HMRC last month, according to compliance technology specialist, Coadjute.

On 9 September, HMRC published revised AML guidance that fundamentally redefines what is mandatory. The word "must" appears 212 times in the document, turning dozens of...

Posh Houses

£5m paid in SDLT on nation's most expensive property

The latest research from global HNW finance brokerage, Enness Global , has found that whilst the wider UK property market may be treading water at present, high-end properties are continuing to change hands for eye-watering sums, with the most expensive homes sold across the nation going for as much as £41m - a purchase that comes with a stamp duty bill of almost £5m!

Enness Global...

Commuter train

Your poorly performing train station could be costing you £33k on the value of your home

The latest research by eXp UK , the nation's leading self-employed estate agency platform, has revealed that there's a huge £33,000 house price gap between the average home within close proximity to the nation's best and worst performing train stations.

eXp UK analysed the top 20 best and worst train stations across the country based on cancellation rates*, looking at the average...

Walking to view

Half of homebuyers still hitting the streets to find properties missed by online portals

Nearly half of UK homebuyers still rely on physically exploring neighbourhoods to find their dream home, according to new research from The Property DriveBuy.

The survey of 1,133 recent buyers, commissioned by The Property DriveBuy, found that while online platforms dominate the house-hunting process, they are far from the only method used.

An overwhelming 97% of respondents...

Interest Rates

The Bank of England has just made the decision to hold the base rate to 4.25%

Stephanie Daley, Director of Partnerships at Alexander Hall, commented:

"Although a cut may have been the preferable decision, today's choice to hold the base rate once again will still be welcomed by homebuyers and remortgagers alike, as it reinforces the growing sense of consistency and strength in the mortgage market.

We've continued to see growing borrower engagement in recent...

New Houses

Cost of new builds increasingly decoupled from materials and labour

New homes are increasingly oustripping the material and labour costs of building them, making it increasingly profitable to create new supply.

The analysis comes from West One Loans, a leading provider of property finance and specialist mortgages.*

The finance provider found that new build prices have surged by a staggering 42.0% in the past three years. In...

Mortgages

Mortgage approvals on course to hit 780,000 threshold this year

The latest research by award winning mortgage adviser, Alexander Hall , has shown that, so far this year, average monthly mortgage approval levels are at their highest since 2021 and, whilst mortgage market activity may sit some way off historic highs, we're on course to see over 780,000 mortgages approved by the end of the year.

Alexander Hall analysed historic mortgage approvals...

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