December marks further slowdown in house prices

By: ameer@trustedteam.com

On a monthly basis in December last year, house prices fell by 0.4%. This brings the average property price in the UK to £294,329 – just over £26,000 more than...

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PLS Solicitors receives ABS license from SRA

By: ameer@trustedteam.com

The switch will allow non-lawyers to serve as owners and in senior leadership positions. PLS Solicitors managing director Dan Hickey says: “An ABS allows us to better reflect our make-up...

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Conveyancing costs rise 8% to £1,184 in 2023  

By: ameer@trustedteam.com

This breaks down to rises of 2.6%, for home sales, and 8%, for purchases, compared to 12 months ago says the quick house sale business, which surveyed 100 residential...

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Remortgage instructions up 33% in January: LMS

By: ameer@trustedteam.com

January remortgage instructions increased by 33%, according to LMS’ monthly remortgage snapshot as rates fell for the first time since September. The conveyancing services firm found that borrowers who remortgaged...

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Bridging Watch: Our sector may surprise people this year

By: ameer@trustedteam.com

Last year was something of a turning point for the UK property market. After a decade of rock-bottom interest rates and runaway house prices, everything changed in 2022. In just...

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January remortgage instructions increase 33%: LMS

By: ameer@trustedteam.com

The conveyancing services firm found that borrowers who remortgaged in January saw their average monthly payment jump by £239. Data shows that 36% of borrowers increase their loan size last...

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Barclays profit falls 15% to £7bn, despite value of home loans business rising  

By: ameer@trustedteam.com

The high street bank says UK mortgage balances lifted 2.6% to 162.2bn in the period compared to a year ago. Its overall loans and advances to customers fell 2%...

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20 residential servicers ranked by subservicing for others in Q3

By: ameer@trustedteam.com

The top five residential servicers in our ranking have a combined unpaid principal balance of more than $1 trillion at the end of Q3. Many lenders saw an increase...

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Mortgage demand drops as interest rates bounce higher

By: ameer@trustedteam.com

Total mortgage application volume fell 7.7% last week as mortgage rates jumped higher. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 6.39% last...

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A closer look at how reverse mortgages can fund ADU construction

By: ameer@trustedteam.com

Accessory dwelling units (ADUs) are growing in popularity as potential options for senior housing in their later years. Many seniors want to live independently but be near to family...

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