According to the latest official statistics, there are approximately 20% more house purchase approvals in September 2015 compared to last year. This is actually the highest level of house purchase approval since January 2014 when the support for mortgage lending through the Funding for Lending Scheme from the Bank of England was stopped. In addition, small deposit lending has reached record high levels in the past 7 years. When we compare the number of house purchase approvals in September with August, we will notice that there is a small progress (2% more). This means that this trend is not something…Read more..
Whether you’re buying or selling a property, the one thing you need access to is information. You want to know the progress that’s being made on your case, what stage of the process you’re at and how soon could you be exchanging contracts etc. A property move is always an exciting time, but it can be an anxious time too and as Conveyancing solicitors, we know that good communication is key to making the process as efficient and smooth as possible for all parties concerned. This is why we have invested in Osprey Legal Cloud case management software to make…Read more..
In the not so distant past, Birmingham was seen as a city in big need of a makeover. Ugly architecture, incessant ring roads and crumbling shopping centres were the impression that outsiders had of Birmingham and this generally kept people away. However, things have changed dramatically in the last few years and the renaissance of Birmingham has attracted a significant surge of people leaving the capital to set up home in the city. So why has this happened? Well, it just goes to show what a bit of investment and forward thinking can do. Birmingham has seen massive developments to…Read more..
The dreaming spires of Oxford have always been a magnet for tourists but if you want to live there, you may need to think again. According to a study by the city’s own university, Oxford is now the most unaffordable place in the UK to buy a house, with a property price to earnings ratio that is even higher than London. Whilst the cost of living in London may still be higher, average house prices in Oxford are actually 16.1 times the local average income compared with 15.7 times in London. Key drivers of this scenario is the fact that…Read more..