Is it Time for UK Mortgage Lenders to Start Offering 10 and 20-Year Fixed-Rate Mortgages?
The UK housing market has always been synonymous with uncertainty and fluctuating interest rates. Homebuyers and homeowners alike face the challenge of navigating a complex landscape of mortgage options, making it difficult to plan for the long term. However, in recent years, there has been a growing demand for stability and predictability in mortgage payments. This has sparked a debate about whether it is time for UK mortgage lenders to start offering 10 and 20-year fixed-rate
Nursery among Cornwall lots under the hammer
A former children’s nursery in Bodmin with potential for a variety of uses is coming to auction in late July.
The Townend Nursery and surrounding land in Victoria Square has a freehold guide price of £70,000 to £80,000.
It is among the lots in the fifth sale of 2023 by the regional land and property auctioneers Clive Emson.
Senior auction appraiser David Henwood said: “This detached property is well located in a mixed-use area of Bodmin next to a children’s play area and car park.
“It offers numerous development opportunities
A mixed-use investment property in a prime location in the coastal market town of Maldon, Essex, is coming up for auction later this month. (wed 26 july)
The two-storey property at 32, 32A & 32B High Street is among 148 lots in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
It is being offered with a freehold guide price of £475,000 to £500,000 at the firm’s auction which ends on Wednesday 26 July.
Director and Auctioneer Paul Bridgeman said: “Situated in the High Street
Property Auctions London Introduction:
London, the vibrant and cosmopolitan capital of the United Kingdom, is renowned for its thriving real estate market. With its rich history, iconic landmarks, and diverse neighborhoods, London presents an array of investment opportunities for property enthusiasts. One avenue that attracts both seasoned investors and newcomers alike is the world of property auctions. This article delves into the allure of properties for sale at auction in London and highlights the benefits of exploring this exciting avenue for prospective buyers.
- Property Auctions
Introducing Auctions by Auction Conveyancing
Open Market vs Property Auctions: With a normal open market transaction, neither the buyer nor seller is committed to the sale until written contracts are exchanged. So there is a period following the acceptance of the buyer’s offer when investigations will be made as to the seller’s title and making various searches and enquiries about the property. Only when all this has been done, and the buyers are willing and able (in funds) to purchase, will contracts be exchanged and both parties committed to completing the deal.
With auctions however
Auction bridging finance is often the ideal solution for property developers seeking a speedy loan solution. Convenient and quick, an auction bridging loan allows developers to make rapid decisions and take action immediately. As a result, developers can pursue lucrative opportunities that may otherwise be out of reach.
Bridging Finance Auction Property
Why Do Property Developers Purchase Properties At Auction?
Purchasing properties at auction is commonplace amongst property developers. Frequently, auctioned properties are more affordable, making them an attractive option. Many
Auction House is reporting its most successful May in the 16-year history of the group.
The month saw the most lots offered and sold, as well as a record-breaking amount of money raised. In May 2023, Auction House offered 707 lots and sold 537 of them (a 76% success rate), raising £72,650,604 – the highest-ever total for the month.
Compared with 2022, year-to-date figures increased, with the number of lots offered up 29%, and properties sold by 16%.
Commenting on the figures, Auction House Managing Director Jeremy Prior said: “What these figures prove is the
More than £18m raised in Clive Emson Auctioneers' 15th June auction, with 140 lots across southern England.
KINGS BID: This mixed-used former restaurant premises (pictured above) in Kings Road, Brighton, with self-contained upper parts, fetched £444,000 in the June auction by Clive Emson Auctioneers. Lot 133, which attracted 53 bids, went for £69,000 above the guide price and was among 140 lots listed across southern England. The firm’s next auction ends on 26 July, with bidding live 48 hours beforehand and the catalogue live from July 7.
A bidding war broke out over land
Bidding war as Sussex smallholding sells for £855,000 at auction
An auction bidding war led to a smallholding and land near Hailsham to sell for £855,000 at auction this week. (thurs 15 june)
Bolneys Farm, in South Road, finally went under the gavel after sustained bidding in the latest auction held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
The property generated almost seven times the freehold guide price at the 140-lot auction which ended on Thursday 15 June.
The property, a smallholding plus nine acres of land with
A property (pictured below) previously arranged as four flats with a large cellar, courtyard and parking in Torquay, Devon, has sold for £266,000 in an auction bidding war.
Located at 125 Babbacombe Road, three of its apartments have been stripped for refurbishment while the fourth requires modernisation.
The building was among 140 lots listed across southern England by Clive Emson Auctioneers in the firm’s June auction.
Audrey Smith, Senior Auction Appraiser, said: “There was keen interest, with 61 bids made and the hammer coming down on £266,000, which was £141,000