Latest News
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Coventry Announces Rate Cuts
Coventry Building Society has announced significant reductions in its fixed-rate mortgage offerings. This decision aligns with a broader trend observed among major lenders, indicating a shift in the mortgage landscape that could benefit consumers across the UK. Coventry Building Society, known for its customer-focused services, has made an adjustment to its mortgage rates, decreasing them…
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Extending Your Mortgage, A Relief or a Burden?
With the cost of living soaring and mortgage rates hitting new heights, homeowners across the UK are seeking ways to ease their financial pressures. One option gaining traction is extending the mortgage term. This means adding years to the original loan duration, which can lower the amount homeowners need to pay each month. However, the…
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From Auction to Empire – The Rise of a Property Mogul
Christina Dejonge’s journey from a lockdown pastime to establishing a successful buy-to-let business is a tale of determination and savvy investing. Starting with a derelict property she humorously describes as a “crack den,” she has since grown a robust portfolio of rental homes. The Telegraph showed how she did it and what you can learn…
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New Home Sales Hit 11-Year Low Amid Rising Mortgage Rates
The dream of owning a new home before it’s even built has dimmed considerably for many in England and Wales. The latest report from Hamptons reveals a decline in the sale of new homes off-plan, hitting the lowest level since 2013. This downturn, significantly influenced by soaring mortgage rates, marks a troubling trend for potential…
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Swindon’s Surprising Surge – Local House Prices Outpace Regional Growth
Homeowners and potential buyers are witnessing a significant turnaround in the Swindon housing market. Recent data reveals that property prices in Swindon are climbing at a pace that exceeds the growth rate of the broader South West region, sparking both optimism and concern among locals. Swindon’s housing market has seen a dramatic shift from a…
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Crossrail Boosts London Property Prices Amid Market Downturn
The London property market has faced significant challenges, marked by a general decline in house prices across the capital. However, properties adjacent to the newly operational Crossrail stations are defying this downward trend, showing notable price growth. This phenomenon has been highlighted by Benham and Reeves, a well-known estate agency, as a key resilient factor…
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UK Rental Market Faces Soaring Demand
The UK’s private rental sector is currently experiencing a significant surge in tenant demand, with an imbalance between the number of available properties and the number of prospective tenants. This data comes from a recent survey conducted by Paragon Bank, which highlights the intensifying competition in the rental market. The survey queried nearly 800 landlords,…
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London’s Commercial Property Sector Bounces Back
London’s commercial property market is showing robust signs of recovery after experiencing significant challenges over the past few years. A major move by one of London’s leading landlords, Great Portland Estates (GPE), is signaling a positive shift in the market dynamics. On Thursday, GPE announced plans to raise a substantial £350 million through a rights…
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Home Prices to Tumble as Lake District Enforces Holiday Let Restrictions
House prices in the Lake District are expected to fall due to the government’s plan to tighten regulations around holiday lets. This initiative is part of a broader strategy to ensure that homes remain available for local residents to buy or rent, rather than serving merely as short-term vacation spots. The English planning authorities, now…
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Dorset’s Housing Market Outperforms Regional Trends
In March, the county of Dorset saw its house prices rise by 1.7%, surpassing the growth rates seen both across the broader South West and the UK. This rise is part of a longer-term trend of steady growth in the region’s property market. Over the past year, Dorset’s housing market has witnessed a consistent increase,…