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Another Interest Rate Cut! The Bank of England has just announced a 0.25% cut in the rate of interest meaning the base rate now sits at 4%. In a move which is good news for borrowers and house buyers, the bank hopes to further stimulate the economy and grow. Many lenders will have already built this expected cut in to their lending rates, however, a trend of falling interest rates can only be a good thing for the housing market and the economy in general

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50% of properties that go to market never complete! It is a surprising fact to most house sellers that around 50% of properties listed to the market never complete a sale. Around 70% go sold (stc) but some 20% of these will fall through and be withdrawn for various reasons. 30% never find a buyer at all. These statistics reflect the importance of two things. Firstly, it is important that properties are priced well when they hit the market. Urgency and the most interest happens when a property is first listed and this can often be the best time to secure a sale at the best price. Although reductions and fresh marketing can help get eyes back on your property it will never have as much activity as it does in the first few days of marketing. Also choose your agent carefully and consider if they have the local knowledge and experience to guide you through the transaction. Secondly, once a sale is agreed be sure to appoint a solicitor who is knowledgeable and preferably local to you or the property as this may help the transaction go smoothly. It is also likely they will have a working relationship with the agent selling and by working together they can help progress your property transaction.

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Milestone in Aldreds Lettings Big congratulations to Aldreds Lettings and Property Management team who passed another milestone for properties under management on their continued growth. They were too busy to pose for a photo so I got an action shot of Susie, Michelle and Finley! Also a big well done to Sue who is smashing the accounts from home, Vicky who was scandalously day off and David who was flying around as usual!!

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Rightmove Charity Golf Day We were delighted to support the Rightmove charity golf day yesterday held at Woburn Golf Club. It was a magnificent day and credit to all involved in the raising of £25,000 for good causes!

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New Starters in Great Yarmouth office A big Aldreds welcome to our two new trainees!!! Ria Bramhall joins Great Yarmouth sales as a trainee negotiator/administrator! Finley Herd has joined our lettings team as a trainee in lettings and property management. Two great additions who both have fantastic futures with Aldreds!!
  1. Haven Rotary Club Annual Charity Duck Race!
  2. Interest rates held by The Bank of England
  3. British Property Award Winners!
  4. Selective Licencing is coming back