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December property news: anti-gazumping, first-time buyer ‘mortgage rates war’ and Leicester’s growing house prices

This month we cover remortgages, Brexit’s effects on the housing market, the most affordable ‘expensive’ cities, gazumping and much more.  Homebuyers call for anti-gazumping laws Some 80% of homebuyers wish for the government to outlaw ‘gazumping’ in England and Wales, according to a report by Market Financial Solutions Gazumping is the practice of making a higher offer for a property than someone whose offer had previously been accepted by the homeowner. Four out of five buyers want to see laws introduced, with a third having experienced gazumping in the past decade.  Paresh Raja, chief executive of Market Finance Solutions, explained:
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When one person in a couple owns the house and dies – what rights does the cohabitee have?

With marriages gradually declining over the decades, living together without saying “I do” has become the choice for many. People may prioritise saving up for a house deposit, travel or education over marriage, as the costs can add up.  According to the latest available data from the Office of National Statistics, the number of marriages of opposite-sex couples in England and Wales in 1972 was 426,000 and in 2016 it was 243,000. This shows a drop in marriages of around 57%, meaning there are more and more unmarried couples living together – so they should know where they stand legally,
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6 reasons to go for a new-build house

From January to March this year 162,270 new houses were built by private developers, with plenty more on the way later this year. There are several reasons to opt for a new-build house, especially if you’re a first-time buyer. Here are just a few of the best reasons to buy a new-build house… Low maintenance A popular reason why people choose new-build houses is the low maintenance factor. New-build homes are exactly as described – newly built! So the fixtures, fittings and structural aspects haven’t been through general wear and tear yet.  Save money on energy bills A new-build house
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Pro packing tips for moving house

Nine in ten of the UK population has moved home in the last 30 years, according to recent data from Master Removers. Moving house means lots of packing – and lots of packing means lots of planning. Here are some of our favourite pro packing tips for moving house… Make your lists The best way to kickstart the packing plan is to write down the rooms you have in the home and prioritise them from the one you use the most to the one you use the least. You can then create a plan of attack, so to speak, starting
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House prices on the rise in nearly half of all regions in England & Wales

Regional house prices continue to grow despite the current political climate, according to the latest data from Rightmove. House prices by 4% in Wales, 3% in the West Midlands, 2.6% in the North East and 2.1% in the North West. In fact, the price of newly-listed properties increased by 0.9% on average last month. Furthermore, Wales, the West and East Midlands, and the North West have experienced record-highs for the average price of property emerging on the market. Experts say the change in seasons is a big factor in the housing market. Rightmove’s Director & Housing Market Analyst explained: “Price
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House prices set to increase by 19% in the UK in the next five years

House prices are expected to grow moderately by a nationwide average of 16% over the next five years and a maximum of 19% in some areas, according to the latest report published by CBRE. The West Midlands is expected to see the biggest growth in house prices by an average of 19% by the year 2022. The North East could see the slowest amount of growth with 12% over the next five years.   As for 2019, average UK house prices are expected to increase by 2%. The South East, Central London and Greater London are all set to see
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House prices in the UK rise by 2.7%

The average house price in the UK stands at £231,095, according to the latest data from HM Land Registry.  The North West saw the greatest monthly property price rise with an increase of 1.2% to £165,007. But the biggest monthly price fall was the North East at 1.9% to £128,484. London’s average annual house price actually fell by 1.7% to £473,609, while the North West’s annual house price rose by a huge 4.9%. If we take a look at the year on year comparison from the latest HM Land Registry data, we can see average house prices in England are
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Top 10 Tips for Moving House in Bad Weather

  We bet you can’t wait to move into your new home just in time for Christmas. Are we right? Your first tree in your new house, and the first of many memories to be made with your friends and family. But besides all of the usual packing and checking documents with solicitors, is there anything extra you need to consider as you’ll be moving in the winter? Well to help put your mind at ease, here’s a handy checklist to allow for a smooth move into your new home this Winter: Allow Extra Time For Your Journey With heavy
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House Prices Rising Faster than Wages and Rents Set to Rocket

House Prices After months of stagnation, the UK housing market is seeing some significant increases in the annual rate of property inflation. With the unexpected spike in property prices seen last month, it has resulted in an all time high for buying a house. This rise was unexpected and has caught some off guard. The average price of a house has now reached £230,280 creating a new record for an average house price. We saw the largest increase in annual price growth since November with a leap from 1.8% in June to 3.3% in July. The Halifax has reported an
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House prices fall for first time since 2009 but Millennials still face a life time of rent

It may be good news for those looking to get on the property ladder with London facing the worst performance in house prices since the financial crisis in 2009, but a report from Resolution Foundation stated that in some parts of the country ‘generation rent’ will have to rent their whole life. However, there is some good news with regional areas performing much better than the capital whilst savvy Millennials are taking advantage of the government Help to Buy Scheme and Life time ISA’s and for those in London, they’re starting small with “pocket homes”. Millennials and renting A third
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