BANK OF ENGLAND REINS IN BANK LENDING In late June, Mark Carney, the Governor of the Bank of England (BoE), voiced his concerns over the extent of consumer borrowing in the UK. In their half-yearly ‘Financial Stability Report’, the Bank’s Financial Policy Committee (FPC) outlined that lenders had become complacent regarding their lending policies, stating […]
U-TURN ON PROBATE FEES Ahead of the general election, the government postponed plans for a sharp rise in probate fees. Obtaining a grant of probate is the process by which someone is given authority to deal with the property, money and possessions of a person after they die. It is usually applied for by the […]
“Wait and see” attitude for buyers and sellers The latest RICS (Royal Institution of Chartered Surveyors) UK Residential Market Survey indicates a decline in new buyer enquiries, new instructions and agreed sales, in May. In addition, the survey deduced that national price growth eased and is expected to slow further over the summer. Respondents alluded […]
