{"id":6102736,"date":"2024-10-07T07:00:10","date_gmt":"2024-10-07T06:00:10","guid":{"rendered":"http:\/\/www.buyassociationgroup.com\/en-gb\/?p=6102736"},"modified":"2024-10-04T10:52:32","modified_gmt":"2024-10-04T09:52:32","slug":"the-7am-cut-22","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/the-7am-cut-22\/","title":{"rendered":"The 7am Cut"},"content":{"rendered":"<h2 style=\"text-align: center\">The 7am Cut<\/h2>\n<p style=\"text-align: center\"><strong>BuyAssociation curates a weekly news letter of the top property news headlines \u2013 to receive your weekly round up of property news,\u00a0<a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/property\/\" target=\"_blank\" rel=\"noopener\">register today.<\/a><\/strong><\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/property\">In the news this week<\/a>: 25% increase in demand sees house prices rise; HSBC to reduce fixed rate costs and; October house price index&#8230;<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Will this month\u2019s budget impact the housing market?<\/strong><\/h3>\n<p>\u201cThere is already much speculation over what might appear in the Budget, which will be read out on 30th October 2024, four months after Labour came into power. Reducing the country\u2019s debt and driving growth are of course top of the agenda, but it remains to be seen how this could be achieved.<\/p>\n<p>At the same time, Prime Minister Keir Starmer has hinted at the potential to increase public spending, after reiterating his view that \u201cborrowing to invest\u201d can act as a \u201ccatalyst\u201d for private investment, in comments made to Channel 4 News\u201d\u2026<\/p>\n<p><strong>\u2060<em>&#8211;\u00a0Eleanor Harvey, BuyAssociation<\/em><\/strong><\/p>\n<p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/budget-impact-housing-2024\/?utm_campaign=7AM%20CUT&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz--gTMzdS2B2kMQoB0SNX6Da0JUcmiAFsh4bUB8wgEttQSVYpmEAoBJu3ffMepyG6k8oaU-u\" target=\"_blank\" rel=\"noopener\">Read the full article<\/a><\/p>\n<p>&nbsp;<\/p>\n<h3><strong>House prices rise as 25% increase in demand boosts UK property market\u00a0<\/strong><\/h3>\n<p>\u201cThe lowest mortgage rates for 15 months is supporting a rebound in sales market activity across the UK, the latest House Price Index from Zoopla reveals.<\/p>\n<p>Sales agreed and buyer demand are both up by more than a quarter over the last four weeks compared to the corresponding period a year ago as households that have held off making moving decisions over the last two years return to the market\u201d\u2026<\/p>\n<p><strong><em>&#8211;\u00a0Marc da Silva, Property Industry Eye<\/em><\/strong><\/p>\n<p><a href=\"https:\/\/propertyindustryeye.com\/house-prices-rise-as-high-demand-boosts-uk-property-market\/?utm_campaign=7AM%20CUT&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz--gTMzdS2B2kMQoB0SNX6Da0JUcmiAFsh4bUB8wgEttQSVYpmEAoBJu3ffMepyG6k8oaU-u\" target=\"_blank\" rel=\"noopener\">Read the full article<\/a><\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Mortgage news: HSBC to reduce fixed rate costs\u00a0<\/strong><\/h3>\n<p>\u201cHSBC is cutting fixed rates across its residential and buy-to-let deals as the market\u2019s price war shows no sign of slowing, writes Jo Thornhill.<\/p>\n<p>The high street banking giant \u2013 which already offers some of the most competitive deals on the market \u2013 has confirmed it will slash the cost of fixed rates from tomorrow (3 October)\u201d\u2026<\/p>\n<p><strong><em>&#8211;\u00a0Laura Howard and Jo Thornhill, Forbes<\/em><\/strong><\/p>\n<p><a href=\"https:\/\/www.forbes.com\/uk\/advisor\/mortgages\/2024\/10\/03\/mortgage-updates\/\" target=\"_blank\" rel=\"noopener\">Read the full article<\/a><\/p>\n<h3><\/h3>\n<p>&nbsp;<\/p>\n<h3><strong>House price index: October 2024<\/strong><\/h3>\n<ul>\n<li>\u201cLowest mortgage rates for 15 months boost sales market activity.<\/li>\n<li>Buyer demand and sales agreed up 25% since 2023.<\/li>\n<li>Buyers remain price-sensitive, keeping price rises in check.<\/li>\n<li>Average UK house price <strong>rises almost 1%<\/strong> in a year\u201d\u2026<\/li>\n<\/ul>\n<p><strong>\u2060<em>&#8211;\u00a0Richard Donnell, Zoopla<\/em><\/strong><\/p>\n<p><a href=\"https:\/\/www.zoopla.co.uk\/discover\/property-news\/house-price-index\/?utm_campaign=7AM%20CUT&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz--gTMzdS2B2kMQoB0SNX6Da0JUcmiAFsh4bUB8wgEttQSVYpmEAoBJu3ffMepyG6k8oaU-u\" target=\"_blank\" rel=\"noopener\">Read the full article<\/a><\/p>\n<p>&nbsp;<\/p>\n<h3><strong>The recovering UK housing market: who benefits?<\/strong><\/h3>\n<p>\u201cAs the chart below shows, the latest Bank of England data on mortgage approvals for new purchases in August reveals that we are now almost back to the average number of monthly transactions seen in the five years prior to the pandemic\u201d\u2026<\/p>\n<p><strong><em>&#8211;\u00a0John Stepek, Bloomberg<\/em><\/strong><\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2024-09-30\/uk-property-market-who-benefits-as-house-prices-sales-rise?utm_campaign=7AM%20CUT&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz--gTMzdS2B2kMQoB0SNX6Da0JUcmiAFsh4bUB8wgEttQSVYpmEAoBJu3ffMepyG6k8oaU-u\" target=\"_blank\" rel=\"noopener\">Read the full article<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-6102737 size-medium\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-content\/uploads\/sites\/2\/2024\/10\/842024-27-300x211.png\" alt=\"\" width=\"300\" height=\"211\" srcset=\"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-content\/uploads\/sites\/2\/2024\/10\/842024-27-300x211.png 300w, https:\/\/www.buyassociationgroup.com\/en-gb\/wp-content\/uploads\/sites\/2\/2024\/10\/842024-27-1024x721.png 1024w, https:\/\/www.buyassociationgroup.com\/en-gb\/wp-content\/uploads\/sites\/2\/2024\/10\/842024-27-768x541.png 768w, https:\/\/www.buyassociationgroup.com\/en-gb\/wp-content\/uploads\/sites\/2\/2024\/10\/842024-27-1536x1082.png 1536w, https:\/\/www.buyassociationgroup.com\/en-gb\/wp-content\/uploads\/sites\/2\/2024\/10\/842024-27.png 1724w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 7am Cut BuyAssociation curates a weekly news letter of the top property news headlines \u2013 to receive your weekly round up of property news,\u00a0register today. In the news this week: 25% increase in demand sees house prices rise; HSBC to reduce fixed rate costs and; October house price index&#8230; &nbsp; Will this month\u2019s budget<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/the-7am-cut-22\/\" title=\"ReadThe 7am Cut\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":4212,"featured_media":6102737,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6102736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6102736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/4212"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=6102736"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6102736\/revisions"}],"predecessor-version":[{"id":6102739,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6102736\/revisions\/6102739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/6102737"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=6102736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=6102736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=6102736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}