A top state secondary school adds an average of £21,000 to house prices in the local area, with one school in Beaconsfield, Buckinghamshire, helping houses command a £483,000 premium over prices across the county, according to research by Lloyds Bank.
What impact will a rise in interest rates mean?
It’s a question often asked of estate agents
Newly-revealed minutes from the Bank of England’s Monetary Policy Committee show its members were split on a potential interest rate rise.
It said two of its nine members voted for a rate rise earlier this month, in the first split vote on rates since July 2011.
The split decision is the first under governor Mark Carney’s tenure. Continue reading “What impact will a rise in interest rates mean?”
Four out of five London homes now selling for under asking price
There is further confirmation that London’s property market is cooling, with 80% of homes sold in July going for under the asking price.
According to Lonres, which collects information from agents right across central London, “the bubble is now deflating”.
Just over a fifth of all properties currently available to buy have had their prices cut.
Landlords beware, don’t pay the price of sticking your head in the sand and ignoring the basics of property management.
A landlord will have to pay nearly £13,000 after he repeatedly failed to arrange gas checks in a property. Continue reading “Landlord’s failure to organise gas safety costs him £13,000”