Festive Final Five Fact Friday of 2023

5FF 1 Dec 2023

Fact 1: Bank of England October Mortgage approvals up. (They couldn’t have got much lower). 

https://www.bankofengland.co.uk/statistics/money-and-credit/2023/october-2023

Zoopla Nov HPI. – 6 year supply high. £18,000 average discounts from asking price.

https://www.zoopla.co.uk/discover/property-news/house-price-index/

Used car market crashing 4.2% in one month 

https://cardealermagazine.co.uk/publish/used-car-price-crash-continues-with-trade-values-falling-4-2-again-in-november/293687

Government botches leasehold reform legislation. 

https://www.thetimes.co.uk/article/bill-to-ban-leaseholds-doesnt-ban-leaseholds-ministers-admit-g9mvh27dw

New legislation for property listings announced 

https://www.nationaltradingstandards.uk/news/full-material-information-guidance-published/

BONUS Fact: November Nationwide House Price Index: Prices Rose Downwards again. 

https://www.nationwidehousepriceindex.co.uk/reports/house-price-recovery-continued-in-november

Extra Bonus Fact: Mortgage rates are falling…. “Gradually”.

https://moneyfactsgroup.co.uk/media-centre/consumer/mortgage-fees-and-choice-of-incentives-on-the-rise/