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Double dip not as deep as feared…

BRITAIN’S economic output could be revised up again this week, reviving questions about the economy’s true strength. Economists expect figures on Thursday to show that GDP fell 0.4% in the second quarter, up from a decline of 0.5% at the last estimate and 0.7% in

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Squatting becomes a criminal offence

Squatting in a residential property becomes a criminal offence from Saturday in England and Wales. The maximum penalty will be six months’ prison and/or a £5,000 fine. Trespassing will be where someone knowingly enters a residential building as a trespasser, and is either living there

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Parents pay £40,000 to help children buy a home

Some British parents are paying an average of nearly £40,000 to help their children get on the property ladder – that’s around a quarter of the price of the average first home. In a new PrimeLocation survey, around two thirds (63.4 per cent) of parents

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RICS urges ministers to launch mortgage aid for FTBs

The RICS is today calling for a taxpayer-backed NewBuy type of mortgage scheme to be made available for first-time buyers of secondhand properties. It says that currently first-time buyers are trying to get on to a housing ladder that has no rungs. It says that

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How can a short lease affect the sale of a leasehold property?

Considering buying or selling a leasehold property? As you may already know the majority of flats are held on a lease of 99 or 125 years. They will also contain a ground rent and you will have to pay a service charge. But what impact

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Borrowers set to cash in as mortgage war kicks off

Clear signs are emerging of greater competition opening up amongst lenders, as Santander becomes the second within days to offer a record-breaking five-year fix at 2.99% – but so far, richer borrowers are the clear winners. Like the earlier HSBC deal, Sandander’s 2.99% fix is

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What an agent should do when their seller insists their property is worth more than you think

What should you do if a seller insists their property is worth more than you think stands any chance of success, or who needs to sell quickly but is reluctant to adjust their price expectations?

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Facebook’s Property Place wins financial backing for expansion

Property Place, a Facebook application that enables estate agents to advertise properties on the social networking site, has won new financial backing and appointed a heavyweight industry figure as its chairman.

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