Latest News
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Your First Home Purchase – Do You Really Need a Mortgage Agreement in Principle?
When stepping into the world of home buying, particularly as a first-time buyer, you’re likely to encounter a slew of advice—some helpful and some potentially misleading. A common question many new buyers face is whether to secure a mortgage agreement in principle before making an offer on a house. The Daily Mail recently spoke to…
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Rent Costs Reach Seven-Month High
As summer approaches, rental prices are heating up across England. According to the latest rental index from Goodlord, rents have hit their highest levels since October, continuing a trend that could see prices soar even further in the coming months. In the past month alone, from April to May, rents increased by 1%, raising the…
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Molo Finance Reduces Buy-to-Let Mortgage Rates
Molo Finance has recently announced a significant reduction in its buy-to-let mortgage rates. This adjustment sees rates dropping by up to 0.33%, offering more attractive terms for potential landlords and investors. Following these cuts, Molo Finance now offers a more competitive rate of 4.72% for a 2-year fixed rate mortgage targeted at 75% loan-to-value (LTV).…
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Wadhurst – A Countryside Gem More Pricey Than London
When it comes to charming English towns, Sussex is often the region that captures the imagination with its picturesque landscapes and quaint towns. Lewes, Worthing, Littlehampton, and Eastbourne are just a few examples that make Sussex a desirable place to live. Yet, none of these well-known towns were crowned the top spot in The Sunday…
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UK Elections and the Property Market – No Slowdown in Sight
Historically, general elections are seen as periods of uncertainty, potentially impacting various economic sectors, including the real estate market. However, fresh insights from eXp UK, a prominent estate agency, suggest that the forthcoming election in July is not likely to deter the revival currently underway in the UK property market. Decades of Steady Growth Post-Elections…
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UK Property Market Sees Renewed Optimism – Savills
The UK property market is beginning to see a glimmer of hope as sentiments among lenders and investors improve, according to the latest findings from global real estate services provider, Savills. At their 36th Financing Property presentation, insights revealed a marked increase in confidence from the previous year, especially in key sectors such as residential…
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Housing Market Defies Higher Mortgage Rates with Continued Growth
Despite the rise in mortgage rates, the UK housing market continues to display remarkable resilience. According to the latest data from HM Revenue & Customs (HMRC), housing transactions have increased for the fourth consecutive month. In April 2024, transactions rose by 5%, reaching 90,430 up from 86,420 in March 2024. Remarkably, this figure is also…
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Supermarket Income REIT a Smart Choice for Steady Income?
The promise of steady, passive income is highly appealing, particularly when it comes from relatively stable sources like property. Among the various ways to earn such income, Real Estate Investment Trusts (REITs) are increasingly popular, thanks to their substantial dividend yields and hands-off approach to property investment. One such entity catching the eyes of a…
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Don’t Let Hidden Costs Surprise You! Choose the Right Home Survey
When you’re ready to take the plunge and buy a house, it’s crucial to ensure you’re not walking into a costly nightmare. After investing your hard-earned money into a deposit, legal fees, and furnishings, the last thing you want is to fork out more for unforeseen repairs. Before the contracts are signed, a buyer can…
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Rent Struggle – A Quarter of UK Tenants Fork Out Half Their Salary on Rent
Recent data from Canopy, a service provider for tenants and landlords, indicates a worrying trend in the UK rental market. Over a quarter of tenants, precisely 27.3%, are now spending at least half of their net income on rent. This startling statistic underscores a broader issue: the average UK tenant allocates a whopping 38% of…