House sales peak in July as energy bills set to rise by 80% in October

House sales peak in July as energy bills set to rise by 80% in October UK regulator, OFCOM, has hiked the energy cap which means average UK household energy bills are set to rise by up to 80% from 1 October. The Government has announced that all households in England, Scotland and Wales will receive £400 to help with rising fuel bills this autumn. The payment will appear as a credit on your energy bill. Landlords who include utility bills in houses in multiple occupation will still be eligible for these payments. See also: 100,000 Join ‘Don’t Pay’ group YouTube episode -  https://youtu.be/L2yOcmIFxDw The increased outgoings could also affect how much you will be able borrow to buy your home. Watch videoversion - https://youtu.be/IvzKs3n2C6U House sales peak in July HMRC figures show but buyers are cautious Following the recent Halifax report, official figures show that more homes were sold in the UK in July than in any other month this year, but agents report that buyers are showing more caution. Due to cost-of-living pressures and lower mortgage advances, buyers are increasingly negotiating for a lower price. HM Revenue and Customs data showed that 110,970 properties were sold in the UK during the month - the highest since September. US President Joe Biden is cancelling billions of dollars of federal student loans. Generate a second income stream… Find out more about property investing – even if you have no money. You can learn the secrets of professional property investors who have built huge portfolios with other people’s money. FREE TRAINING – BEGINNERS PROPERTY SECRETS This Beginner Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up. Live training Wednesday at 7pm UK time. CLICK TO JOINTHE LIVE ONLINE EVENT https://bit.ly/3DlSlCL The economy is in winter, but winters are tough but they never last forever. Like the farmer who prepares for the next season’s work, now is the time get ready and come out even stronger when the recession ends. To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Check out my new training to help you get control of your financesand learn how to become financially free in 28 days! Click to join: https://bit.ly/3isugCr #property #freetraining #propertysecrets #money #banks #savemoney #buytoletinvestor #propertyinvestor #energy bills #mortgages #secondincome #financialfreedom #energycrisis #energypricecap