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Stamp Duty Holiday

Rishi Sunak is reportedly preparing to extend the stamp duty holiday which is due to end next month until the end of June. The chancellor will use his Budget on 3 March to move the tax break in order to bolster the property market as the UK recovers from the economic impact of lockdown. The […]

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Open for Business!

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Update Regarding Coronavirus

Elite Estates and Lettings Ltd A message from our Managing Director In light of the Coronavirus (COVID-19) all staff are working remotely to uphold our service to our customers and clients. The care of our staff and following the directives of the government are of course paramount. If you wish to speak to a member […]

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Bank of England rate cut

The Bank of England has cut interest rates to a new record low of 0.1% as governments across the world scramble to come up with an economic response to the coronavirus outbreak. Announcing the decision, the Bank stuck to the line last week from outgoing Governor Mark Carney that the economic disruption from coronavirus will […]

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properties, property prices, increase property prices,elite estates,durham,elite estates durham estate agent

Things that will boost the value of your home

Things that will boost the value of your home When you’re looking to improve the value of properties, there’s a whole heap of accepted wisdom out there. Improve the curb appeal by adding a few flower pots and getting rid of that rusty bath in the front garden. Install a new bathroom and do up […]

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Majority of house hunters now say broadband speed is ‘key’ to making offer

The UK’s broken broadband network is forcing more house hunters to consider decent access to the internet as a key reason for choosing a property. Its latest Housing Futures report shows that 57% of the 2,000 home movers it canvassed this year believed that good broadband was essential when choosing which property to buy, up […]

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durham homes for sale, elite estates durham, durham property for sale, elite estates

HMRC reveals surprise rise in house sales during December

The number of house sales year-on-year during December increased by 3.6% to 102,300, latest figures from HMRC have revealed, but remain flat compared to the month before. HMRC’s seasonally-adjusted figure is still over a third below the market activity peak of 160,000 house sales in October 2007 just before the credit crunch, and is part […]

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New digital search for Local Land Charges

Major milestone on local land charges will speed up the conveyancing process and House Sales. SearchFlow has completed its first Local Land Charges (LLC1) search with HM Land Registry (HMLR), following the digitisation of Warwick District Council’s LLC1 data. The order was processed in just a few seconds through the NLIS hub and marks a […]

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Buying Your Dream Home!

Buying a home can be a long and complex process, but typically it involves going through these steps: Find out how much you can borrow Call a mortgage broker to get an idea of how much you can borrow for your new home. He or she will be able to search the market for the […]

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rent, buy, mortgage,durham estate agent,elite estates

Here’s a handy flowchart that’ll tell you if it’s better to rent or buy a home

Rent or Buy? Choosing whether to buy or Rent a home could be one of the most important decisions you make in your life. Are you ready to settle down? Will one price work out better than the other? Buying your own home can be expensive but could save you money over the years. Renting […]

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Here’s what a British Monopoly board would look like with today’s house prices

It’s over 80 years since Victor Watson acquired the rights to the UK version of Monopoly, and while many of the place names on the board remain familiar to Londoners, property prices bear increasingly little resemblance to those in the real world. A new infographic from loan provider West One has given the original Monopoly […]

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New homes, first time buyers

PM promises new homes for first-time buyers

Thousands of new homes to help first-time buyers on to the property ladder will be built on brownfield land, Theresa May will announce on Tuesday. In her second big housing pledge in as many days, the Prime Minister will announce support for people aged between 23 and 40 to buy their first homes by helping […]

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Elite Estates Durham, Property prices,housing,housing in durham,durham estate agent

Private housing worth more than 5.6 trillion

UK’s private housing worth more than the fortunes of ALL the world’s billionaires Homeowners are sitting on a record property fortune of £5.6tn after house prices jumped by more than 50% during the past 10 years, according to Halifax. That’s greater than the annual GDP of the UK, France and Italy COMBINED. Or to put […]

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house prices - house price rise - durham estate agent - durham letting agent - elite estates durham

House prices rise for first time since March

House prices rise for first time since March House prices have picked up speed for the first time since March, but will slow in the next year as the market loses momentum. Halifax’s price index recorded a 6pc annual increase in house prices in the three months to November, up from last month’s figure of […]

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Nationwide increases 10-year mortgage rates

Nationwide has increased the rates on some of its 10-year fixed mortgages by 0.3 percentage points as mortgage rates across the board seem likely to rise. Last week Skipton Building Society increased rates on some mortgages by 0.37 percentage points, while another mutual, West Bromwich, scrapped its market-leading 10-year fix. Nationwide’s cheapest 10-year fix now […]

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First-time buyers continue to struggle in ‘resilient’ housing market

First-time buyers continue to be hit with higher asking prices, while values in the wider market rise at a slower rate. Asking prices fell 1.1pc in November, according to the online property portal Rightmove, which described the market as “resilient”. It said that this was a smaller drop than the average 1.8pc fall at this […]

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House price growth slows in cities in the South East, but the rest of the country is hotting up

House price growth is slowing down in some of the country’s most affluent cities, including London, thanks to new property taxes, faltering confidence and stretched affordability levels, but regional cities are soaring ahead. London had the weakest property market conditions of the 20 biggest cities in the UK in the third quarter of the year. House prices grew just 0.9pc […]

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First impressions count!

2 in 5 British home-owners decided their home was the one for them before they even got past the hallway, new research by Rightmove can reveal. The research highlights the impulsive nature that many home-hunters apply to one of life’s major purchase decisions, and underlines the narrow time-frame sellers have to land the right first […]

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