Latest News
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St Helens House Prices Rise Above Regional Average
St Helens saw an increase in house prices this March, outpacing both the North West’s and the national average increases. The latest figures highlight a 2.6% rise in property values over February, bringing the average house price in St Helens to £182,375. This increase is more than double the North West’s overall growth of 1.1%…
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Dudley Building Society Reduces Mortgage Rates
Dudley Building Society has announced reductions in its mortgage rates, impacting a variety of mortgage products from residential to buy-to-let options. Starting May 28, this could be the perfect opportunity for those looking to save on their mortgage costs or enter the housing market. Effective from the end of May, Dudley Building Society is rolling…
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Mortgage Rates Rise as Homebuyers Hustle
As the UK housing market continues to wobble, this week saw a climb in mortgage rates that has both first-time buyers and those looking to remortgage feeling the squeeze. With an unexpected election on the horizon and fewer rate cuts anticipated from the Bank of England (BoE), climbing the property ladder is becoming increasingly tricky.…
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Cheaper Mortgage Rates on the Horizon as Inflation Tumbles
Halifax and Santander have announced cuts to their fixed-rate mortgage deals. This decision comes on the heels of the latest inflation data which has shown a decrease. These rate reductions, taking effect this week, align with growing expectations that the Bank of England might lower its key interest rate this summer, despite the fact that…
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Scottish Property Market Remains Robust Despite Tax Hurdles
Despite the hefty tax rates associated with purchasing properties in Scotland, the real estate market continues to exhibit resilience, showing strong demand among buyers. Scotland’s property tax revenue has remained consistent over the last year, amassing a total of £623.1 million, as reported by property firm DJ Alexander. This figure includes a significant contribution from…
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Atom Bank Raises LTV to 75% on £5 Million Commercial Mortgages
In a significant move to enhance support for the UK’s small and medium-sized enterprises (SMEs), Atom Bank has announced an increase in the maximum loan-to-value (LTV) ratio for commercial mortgages up to £5 million. This strategic decision raises the LTV cap from previous limits to a new high of 75%, paving the way for more…
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How the Upcoming General Election Could Affect the UK Property Market
Prime Minister Rishi Sunak has declared that a General Election will be held on Thursday, July 4th, 2024, with Parliament dissolving on May 30th. This announcement has sparked a flurry of predictions and expectations from housing experts and stakeholders about the possible effects this political milestone could have on the property market. Housing as a…
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UK Housing Market Springs Back – Prices and Rents on the Rise!
The recent data released by the Office for National Statistics (ONS) has shed light on the state of the UK housing market, revealing some significant trends in house prices and rental costs. After a period of decline, the UK housing market has shown signs of recovery with an average increase of 1.8% in house prices…
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Quick Sales – The UK Cities Where Homes Sell Fastest
Recent analysis has revealed a striking disparity in how quickly homes are selling across different regions of England. According to data released by GetAgent, a comparison site for estate agents, only 14% of properties listed for sale in the last 30 days have found buyers nationwide. However, this figure significantly increases in certain urban areas,…
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Fresh Start for Old Farms – New Rules Transform Rural Buildings into Homes and Businesses
The UK government has recently implemented new permitted development (PD) rights, allowing unused farm buildings to be transformed into homes, shops, cafes, and sports facilities without the usual bureaucratic hurdle of obtaining a planning application. This move is part of a broader initiative under the government’s Long-term Plan for Housing, which was unveiled last July.…