House Sales and Purchases

Cartmell Shepherd Solicitors secures Law Society’s conveyancing quality mark

January 21st 2020
 

Cartmell Shepherd in Cumbria and Northumberland has once again secured membership to the Law Society’s Conveyancing Quality Scheme – the mark of excellence for the home buying process. This is the 8th year in a row that Cartmell Shepherd has achieved CQS accreditation. Cartmell Shepherd Solicitors underwent rigorous assessment by the Law Society in order to continue to hold CQS status, which marks the firm out as continuing to meet…

Number of first-time home buyers reaches 12-year high

November 7th 2019
 

The number of first-time home buyers has reached its highest level for 12 years. The latest mortgage data reveals that 35,010 people took their first step on the property ladder in August. That’s the highest monthly total since August 2007. The figures, from UK Finance, follow the Ministry of Housing’s own research revealing 87% of the public would prefer to buy rather than rent. It also found 57% of people…

Help to Buy scheme is not delivering expected value, say MPs

October 9th 2019
 

By Elizabeth Crouch Head of Residential Conveyancing The value of the government’s Help to Buy scheme has been called into question by MPs on the Public Accounts Committee. They say much of the money invested could have been better spent elsewhere. The Help to Buy: Equity Loan scheme was introduced in April 2013 by the Ministry of Housing, Communities & Local Government (the Department) to address a fall in property…

Help to Buy scheme to start allowing 35-year mortgages

September 2nd 2019
 

By Elizabeth Crouch Head of Residential Conveyancing Homeowners buying a property under Help to Buy are now allowed to take out 35-year mortgages. The government has moved to close what it describes as a loophole, which has seen purchasers using the scheme facing difficulties and uncertainty if they wanted to take out a mortgage with a term of more than 25 years. Under the changes, which are taking effect immediately,…

UK house prices jumped 0.7% between March and April

July 31st 2019
 

By Elizabeth Crouch Head of Residential Conveyancing The latest House Price Index figures show that the cost of an average home in the UK jumped 0.7% between March and April. The annual rise to April was 1.4%, bringing the cost of the average property to £228,903. In England, the annual rise was 1.1%, with the average property costing £245,128. The regional data for England shows that: the North East experienced…

House prices show slight annual rise despite monthly fall

June 13th 2019
 

By Linsey Hayes Conveyancer House prices rose slightly over the year to March, but there was a fall in the latest monthly figures. The UK House Price Index shows that prices fell by an average of 0.2% between February and March. However, there was an annual rise of 1.4%. The average house in the UK is now valued at £226,798. In England, the March data shows a fall of 0.5%…

Government issues new guide on how to sell your home

June 6th 2019
 

By Sam Bulman Conveyancer The government has issued a new set of guidelines to help people preparing to sell their home. The document, How to Sell, was produced by the Ministry of Housing, Communities and Local Government, and covers everything from ensuring your home has ‘kerb appeal’ to making sure you get good legal advice from a qualified solicitor. People who haven’t sold a property for many years may notice…

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