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The property industry is to get its parliamentary debate on a Stamp Duty holiday extension after the Petitions Committee announced that MPs will be able to debate the popular e-petition on 1st February via a virtual debate.

This had originally thought to have been delayed after Jacob Rees-Mogg announced that the chamber in which e-petitions with more than 100,000 signatures can be debated was to be closed 'until further notice' due to Covid.

The Stamp Duty petition in question, which has been signed by over 125,000 people so far, asks for a six month extension to the Stamp Duty holiday for homes foe sale under £500,000.

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Highest numbers for the month of December were recorded in the Housing Market Report for house hunters and sales agreed per estate agent branch. 

Despite a fall of 41 per cent of the number of people looking to buy, the figure reported was the highest since December 2016, with people trying to take advantage of the stamp duty/LTT/LBTT holiday deadline.

The number of prospective buyers registered per estate agent branch stood at 348, down from 580 in November. This is the lowest number recorded since May, when the property market first re-opened, but the highest December figure since 2016.

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Mortgage approvals for homebuyers hit a 13 year high in November, Bank of England figures show. About 105,000 home loans got the go ahead, up from 98,000 in October and marking the highest number since August 2007.

The surge in approvals meant that by November they were nearly at levels recorded in 2019, despite the housing market effectively being shut in March during lockdown.

Homebuyers have been motivated by the stamp duty holiday which ends on March 31st, as well as the desire to move locations.

Mark Harris, boss of mortgage broker SPF Private Clients, said: "We expect mortgage rates to remain competitive into the spring." 

The Bank said consumer credit contracted by 6.7 percent annually in November, a new low since records began 1994. Consumer credit includes credit card debt, personal loans and overdrafts.

Household deposits rose by £17.6 billion from National Savings and Investments accounts after rates were reduced.

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So here we are, the start of a new year. It may not have started off in the way we all would have liked but we have to hope for better days to come.

Fox Estates continue to be open for business, upholding the same award winning standards and excellent customer service so call us if you would like a valuation of your home.

Everyone at Fox Estates wish you all a happy and healthy New Year.

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We know that Christmas will be very different for most of us this year but on behalf of all of us at Fox Estates, we send you our warmest wishes and let's hope that 2021 will be kinder to us all.

Enjoy the festive season the best way you can and please everyone, stay safe.

  1. HOUSING REPORT 2020
  2. FLIPPING GOOD WAY TO PROFIT FROM NEW HOMES
  3. WINTER CHECKLIST
  4. PROPERTY VIRUS LAG

Why Sell Your Home With Fox Estate Agents?

  • Fox Estate Agents have won multiple awards based on extremely high standards of Customer Service.
  • Chris Fox FNAEA has over forty years experience and is backed by a highly experienced, dedicated team.
  • You will have a personal Sales Progressor overseeing your transaction.
  • Fox Estate Agents is an NAEA Propertymark member firm and are also members of The Property Ombudsman Scheme.
  • Our Terms of Business are, No Sale, No Fee and we are here to assist you seven days a week.

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Customer Reviews

  • We are 100% satisfied and cannot recommend Fox Estates strongly enough. The team were extremely professional, friendly, and approachable from the minute we asked for a valuation right until completion. Their knowledge of the local area was spot on and made the difference on the sale of our house. We are grateful to Chris in particular for his attention to detail, responsiveness to emails and a willing pro-activeness to help keep things moving. I would not hesitate in recommending Fox Estates to my friends and family..

  • Chris Fox put my house on the market on June 13th and advised me to have an open house. 26 people viewed the property and I had 6 really good offers. By 3rd of August we had completed!Chris guided me through the sale with professionalism, integrity, friendliness and his extensive knowledge which can only come from spending 35 years doing a job he is still clearly passionate about.

  • Chris is very efficient and professional at all times. He made the sale of our property effortless and acted beyond the call of duty on our behalf.

  • During my career I have come across many estate agents and Chris really is a true professional, with the highest standards of integrity and professionalism I have seen. As well as having referred him to my own clients and had excellent feedback, I have personally used Chris to sell my property and I have been extremely impressed, and would recommend him to everyone.

  • I instructed Chris to sell my house and when he found a buyer the sale went through in just over 6 weeks. His service was excellent and I would recommended him to anyone. A few months later my mum instructed him to sell her house and again he found a buyer and the sale progressed to completion without a problem. Chris is very knowledgeable and professional and he will give you a very helpful, friendly and attentive service. If you are thinking about buying or selling I would suggest you give him a call

  • I employed Chris Fox to sell my parents home when my mother died last year. He handled the sales with professionalism and respect for my family. He was very eager to secure the right sale and was tenacious on our behalf. He kept us fully informed of all developments during the sale and achieved a very good outcome on our behalf. I would recommend Chris Fox wholeheartedly.

  • AFTER 4 MONTHS OF AGGROVATION WITH ANOTHER ESTATE AGENT I APPROACHED CHRIS ABOUT 2 MONTHS BACK, I EXPLAINED THAT I HATED ESTATE AGENTS, CHRIS HAS GONE A LONG WAY TO REPAIRING THAT IMAGE HAVING DONE A SPLENDID JOB IN SELLING MY HOUSE WITHIN 3 DAYS THE WHOLE PROCESS TOOK 6 WEEKS TO THE POINT I HAD MOVED EXCELLENT ATTITUDE AND A TRUE PROFESSIONAL

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