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A new government scheme could help first-time buyers purchase with a deposit of just 2.5%. With more details expected at the October Budget, here’s what prospective buyers need to know.
One of the biggest talking points this week has been the 11% week-on-week drop in sales agreed and a drop of 2% on the average asking price of a newly listed properties. While some seasonal softening is entirely normal during the summer holiday period, the scale of this fall has caught the attention of the property industry.
The future of the United Kingdom is once again being discussed, with the First Ministers of Scotland, Wales and Northern Ireland meeting in Cardiff to discuss closer cooperation, economic issues, energy, Europe and wider constitutional questions.
The UK property market continues to face a number of challenges, with mortgage costs, affordability, economic uncertainty and the overall cost of moving all influencing buyer and seller decisions.