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House buying ‘steady after Brexit’

Uncertainty surrounding the Brexit vote failed to hit house buying in the UK, figures suggest, with a slight rise in transactions in August. A total of 109,630 properties were bought in the UK during the month, a very slight rise on a year earlier, HM Revenue and Customs data shows. In these cases the house […]

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Help to Buy mortgage guarantee not needed, says Bank.

A major scheme designed to prop up the UK housing market is no longer needed, the Bank of England has told the government. The Help to Buy Mortgage Guarantee Scheme allows lenders to offer loans to people offering a deposit as low as 5% thanks to government support. The scheme is set to be closed […]

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Northern Powerhouse: Osborne to stay and fight for project.

George Osborne says he will stay in the Commons to “fight for the things I care about” as he launches a think tank to promote his Northern Powerhouse plan. Mr Osborne, who was sacked as chancellor by Theresa May, said: “I don’t want to write my memoirs because I don’t know how the story ends.” […]

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Competition is growing between local businesses

Competition is growing between local businesses to support St Ann’s Hospice’s Accumulator Challenge! Pitched as a Dragons’ Den meets The Apprentice style challenge, businesses are each given £100 to turn into the most profit over a month. Teams, of up to ten people, will compete throughout October, supported by St Ann’s Accumulator Aces, to be […]

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Bank of England to buy Apple bonds

The Bank of England has included Apple on a list of companies that qualify for its new economic stimulus bond-buying scheme. This means the central bank views the company as making a “material contribution” to the British economy. The decision will anger the Silicon Valley giant’s critics, who accuse it of avoiding tax on UK […]

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New £5 note: Consumers face wait for plastic fiver

The new plastic £5 note is being launched in England and Wales on Tuesday, but most people may have to wait up to a week to get one. The polymer note – which is much more durable than the old fiver – will initially only be available from a handful of banks and cash points. […]

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UK inflation rate holds steady at 0.6%

The average cost of everyday household goods and services went up by 0.6% in the year to August. The UK inflation rate, as measured by the Consumer Prices Index (CPI), was unchanged from July. Rising food prices and air fares pushed prices higher, the Office for National Statistics said, partly offset by cheaper prices for […]

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UK house price inflation falls to 8.3% in July

UK house price inflation falls to 8.3% in July, says ONS. House price inflation across the UK fell to 8.3% in the year to July, down from 9.7% in June, according to official statistics. The figures – from the Office for National Statistics – are for the first full month after the Brexit vote. They […]

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Demand from home buyers falls by a third year

Demand has fallen by over a third, the NAEA has reported. It says that last month, demand was down 35% on July last year, and that it is at its lowest since November 2013. Applicants per branch dropped to 298 from an average of 330 in June. Last July, the number of applicants per branch […]

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House sales fail to complete yesterday

Did your end of August transactions all complete yesterday? This is a key date in the calendar, as families complete their moves to time with the start of the new school year. Yesterday afternoon, I was alerted to problems. At about 4 pm yesterday I received an email from a Bold Legal Group member firm: […]