The Downside of 99% Mortgages: An Economic Disaster Waiting to Happen
I In the realm of questionable government policies, the proposal to introduce 99% mortgages stands out as one of the most misguided. The plan’s premise is simple, yet fraught with potential disaster: allow people to secure a mortgage by paying a minuscule 1% deposit. The goal? To help the younger generation climb onto the property […]
A Fresh Wave of Mortgage Rate Cuts Sweeps Across the UK
In a surprising move that has made waves in the mortgage market, Nationwide Building Society slashed its mortgage rates by a substantial 0.43 percentage points. In addition to this, they introduced an attractive five-year fixed rate of 4.43% — the first of its kind to dip below 4.5% since early July. This new offering is […]
Despite a Tumble, the Housing Market Does a Cartwheel of Confidence!
Introduction: After a year of volatility and uncertainty, there finally seems to be some positive developments in the housing market. Several factors point towards a potential revival, offering hope to both prospective buyers and sellers. This blog will explore some of these encouraging signs and what they might mean for property prices. Additionally, we will […]
A Golden Day for MJP Conveyancing at the ESTAS Awards: A Milestone for Our Team!
We are beyond ecstatic to share some fantastic news with all of you. This past Friday marked a landmark day for our team as we attended the prestigious ESTAS awards. Not only did we attend, but we also brought home two significant awards that have left us brimming with pride and gratitude. Bringing Home the […]
Have you been frank with your buyer?
When it comes to property transactions, the importance of consumer protection regulations cannot be overstated. These regulations, often referred to as CPRs, essentially mandate that a seller must disclose any pertinent information they have about the property which might influence the prospective buyer’s decision. David Pett, a solicitor with leading conveyancing specialists MJP Conveyancing, […]
Spooked, yet? Unveiling the UK’s Ghostly Dwellings and their Impact on Property Value – It’s Frightfully Fascinating
The allure of the supernatural has always held a certain charm, particularly in the UK, where the passage of time is marked by ancient castles and historic homes. These structures often come with their own eerie tales of hauntings and ghost sightings that are enough to give anyone goosebumps. The National Trust’s list of […]
The Government Must Shift Focus from Transport and Education to Seriously Address the Housing Crisis
England is currently facing a severe housing crisis, earning it the title of “the most difficult place to find a home in the developed world.” Recent data from the Organisation for Economic Co-operation and Development (OECD) reveals that a quarter of private renters in the UK are spending over 40% of their income on housing. […]
