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Fall in inflation raises hope of no further rate rises

Inflation has fallen much more sharply than expected in July. It has dipped to 1.9%, helped by weaker food prices. The Government uses the Consumer Price Index (CPI) as its main measure and this has fallen dramatically from June’s level of 2.4%. There is now some hope that another base rate rise will not be needed [...]

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Housing demand down

Housing demand reduced in July at its quickest rate for three years. It appears to be another sign that buyers are finding it harder to move house after all the recent rate rises. The Royal Institution of Chartered Surveyors’ (RICS) monthly survey revealed that enquiries from new buyers – a good indicator of the future of [...]

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Firms unhappy with banks attitude to IVAs

There has been an increase in the number of bankruptcies in the UK. According to figures from the Ministry of Justice the total number of bankruptcy petitions was up to a new twelve-monthly record of 54,536 in the year to June. However, high street lenders have now been accused of preventing thousands of families in [...]

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HIPs: RICS update

Home Information Packs (HIPs) have been with us for a week and a half for properties of four bedrooms and greater. The Royal Institution of Chartered Surveyors (RICS) has put together some guidelines on vary aspects of the scheme since it went live on 1 August. RICS took legal advice on the amended HIP regulations. Generally, [...]

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