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The Nationwide reported a UK wide drop in the average house price of 5.3% in the year to August, with Halifax's data for the same period shows a 4.6% drop. The time from instructing your solicitor to exchange is now approximately 113 days.

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The Bank of England has voted to leave UK interest rates on hold at 5.25%. This is the first time since November 2021 that UK borrowing costs have stayed on hold. 

The Bank's Monetary Policy Committee voted to leave borrowing costs unchanged after yesterday's surprise fall in inflation.

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The average UK house price dropped by 4.6% in the year to August, falling at the fastest annual rate since 2009, according to the latest index from Halifax.

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HSBC will launch mortgages lasting up to 40 years from today as it looks to attract prospective homebuyers crushed by the weight of rising interest rates. The bank will promote the new term on both residential and buy-to-let mortgages initially through brokers before issuing the loans directly to customers from September 13th. 

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Major lenders including NatWest, Nationwide and Coventry Building Society have cut interest rates on fixed mortgage deals as they bank on inflation dropping. All six of the largest lenders have slashed products in the past seven days - for a fourth week in a row.

Official inflation figures published this morning are expected to buoy hopes that households will feel some reprieve from the pace of eye-watering price rises.

Inflation fell to a 15-month low in June and is predicted to have dropped further. But the Bank of England is expected to keep increasing interest after it raised it to a fifteen year high of 5.25% earlier this month.

Daily Mail

  1. UK HOUSE PRICES FALLFOR FOURTH CONSECUTIVE MONTH
  2. BANK OF ENGLAND RAISES INTEREST RATES AGAIN
  3. HSBC CUT MORTGAGE RATES
  4. ARE UK PROPERTY PRICES GOING UP OR DOWN?

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  • Chris Fox put my house on the market on June 13th and advised me to have an open house. 26 people viewed the property and I had 6 really good offers. By 3rd of August we had completed!Chris guided me through the sale with professionalism, integrity, friendliness and his extensive knowledge which can only come from spending 35 years doing a job he is still clearly passionate about.

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  • I instructed Chris to sell my house and when he found a buyer the sale went through in just over 6 weeks. His service was excellent and I would recommended him to anyone. A few months later my mum instructed him to sell her house and again he found a buyer and the sale progressed to completion without a problem. Chris is very knowledgeable and professional and he will give you a very helpful, friendly and attentive service. If you are thinking about buying or selling I would suggest you give him a call

  • I employed Chris Fox to sell my parents home when my mother died last year. He handled the sales with professionalism and respect for my family. He was very eager to secure the right sale and was tenacious on our behalf. He kept us fully informed of all developments during the sale and achieved a very good outcome on our behalf. I would recommend Chris Fox wholeheartedly.

  • AFTER 4 MONTHS OF AGGROVATION WITH ANOTHER ESTATE AGENT I APPROACHED CHRIS ABOUT 2 MONTHS BACK, I EXPLAINED THAT I HATED ESTATE AGENTS, CHRIS HAS GONE A LONG WAY TO REPAIRING THAT IMAGE HAVING DONE A SPLENDID JOB IN SELLING MY HOUSE WITHIN 3 DAYS THE WHOLE PROCESS TOOK 6 WEEKS TO THE POINT I HAD MOVED EXCELLENT ATTITUDE AND A TRUE PROFESSIONAL

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