Latest property news from Truuli

Truuli - Bank of England

Has today’s interest rate increase made things difficult for aspiring homeowners?

The Bank of England’s Monetary Policy Committee has announced today that interest rates will increase by 0.25% to 0.75%, in a unanimous vote. Today’s news will be welcomed by savers in general but not for those saving to get on the property ladder as any increase in savings rates won’t bridge the gap on rising house prices. Homeowners not on fixed term mortgages will see an average rise of around

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Economists predict an interest rate rise in the near future

With the royal wedding and recent record temperatures boosting the UK economy in May, economists predict an interest rate rise in the near future. The UK economy grew by 0.2% in the three months leading to May, compared with the previous three-month period, the latest figures from the Office for National Statistics (ONS) show. However, wages rose more slowly over the same period, wage growth, excluding bonuses, slipped to 2.7%

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Truuli’s Local Guide To Croydon

REGENERATION Croydon is a wonderful suburb in Surrey that is undergoing major reinvention with a modern city feel. The Council is now working with the Mayor of London on the Croydon Opportunity Area. An Opportunity Area Planning Framework (OAPF) has been proposed for the town centre to coordinate this investment. Work is underway on five masterplans underpinning the preparation of this framework: East Croydon, West Croydon, Mid Croydon, Fairfield, and Old Town. There are

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Truuli Estate Agents - Potential Costs when buying a home

Potential Costs When Buying A Home

Purchasing a property should be a joyful occasion, however, it can be a stressful process without the correct planning and preparation. As well as a mortgage, there are other costs too…   Mortgage Deposit and Interest rates The amount of money you have saved towards your home purchase can have a big impact on your future monthly mortgage repayments. The more you have saved the better the mortgages on offer

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Croydon Westfield June 2018

Westfield Croydon Update – June 2018

Westfield Croydon Update It will soon be a decade since the retail giant opened in Shepherd’s Bush and to mark their anniversary, Westfield has taken a leap into the future to predict what visitors will want when they go to a shopping centre in 2028. The designs have been released after it was confirmed on Thursday (May 31) that a huge John Lewis and Waitrose will be the anchor store

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Properties in Croydon have “earned” more than their owners over the past two years

Recent research shows that properties in Croydon have “earned” more than their owners over the past two years as house prices have been rising much faster than wages. Halifax conducted a comparison on rising property values against people’s average take-home earnings across the two-year period of 2016 and 2017 to make the findings. Croydon ranked in the top 10 places in the country for house prices outpacing average earnings with

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