Weekly Wrap – 20th September 2024

Introducing this Friday’s Weekly Wrap, where we bring the news to you. 

Every Friday we are ending your work week by wrapping up the last 7 days of news for you by choosing some key updates and events to share. This news will cover everything property, from estate agent fees to broker updates to government policy, and be a sure way for you to finish your week up to date.

After the Bank of England’s announcement that they are holding interest rates at 5%, let’s dive in to this week’s industry news:

1. 1. Rising costs force a third of homebuyers to delay purchase plans
   2. Direct debit failures up by 12% on a year ago
   3. Inflation sticks at 2.2% reinforcing Bank of England’s ‘gradual’ rate cut expectation
   4. ⁠Bank of Family to back almost half of purchases for under-55s with property wealth key source
   5. Rent rises hit 8.4% in August