Latest News
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Brighter Days Ahead for UK Property – Land Securities Sees Turnaround After Tough Year
Land Securities, a powerhouse in the UK commercial property market, is witnessing a light at the end of the tunnel after a challenging period marked by steep losses and declining property values. The company, owner of major sites like the White Rose shopping centre in Leeds and The O2 Centre in London, has reported significant…
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Buying Beats Renting in Today’s UK Property Market
Recently, the UK housing market has seen a significant shift. Despite high mortgage rates causing a dip in house prices and a decrease in property sales, new research indicates that for first-time buyers, purchasing a home may still be a more economical choice than renting. For those looking to buy their first home, the climb…
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Buy-to-Let Survival Guide – Thrive in Property Investment Without the Pitfalls!
Many newcomers often find themselves enthralled by the prospect of becoming landlords, dreaming of easy profits and substantial long-term gains. However, the reality can be starkly different. PropertyReporter featured a guide from developer and landlord Matt Cottle, to help beginners avoid common mistakes. Essential Strategies for Prospective Landlords 1. Property Acquisition When buying a rental…
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Interbridge Mortgages Steps into UK Market
Interbridge Mortgages has officially entered the UK market, aiming to reshape the availability of second charge mortgages. This new lender will cater to homeowners in England, Scotland, and Wales, offering secured loans through a select group of specialist broker partners. The leadership at Interbridge Mortgages isn’t new to the finance game. The management team is…
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Selling Your Home Off-Market – The Hidden Side of UK Property
The idea of selling a home ‘off-market’ has been gaining traction, especially among those who prefer discretion and exclusivity. But what does this mean for sellers across the UK, and is it the right approach for you? The FT published a useful overview. Off-market selling, also known as a “quiet listing,” is when a property…
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Mortgage Application Rejected Due to “Unsaleable” Area?
Imagine you’re stepping onto the property ladder, excited by the prospect of owning your first home—a new-build flat in a budget-friendly area of Greater Manchester. It’s close to your workplace in the city centre and perfectly priced for your budget. You’ve even paid a £2,000 reservation fee, confident in the deal since your mortgage broker…
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Thousands Face Homelessness as Landlords Sell Properties
Recent data has revealed a troubling trend in England’s housing market, with over 2,000 households each month facing the threat of homelessness. This surge in insecurity comes as numerous private landlords decide to sell their properties. Uncertainty fueled by government delays in implementing rental reforms is often cited as a significant reason behind these sales.…
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UK Construction Sector Hits a Wall with a 21% Plunge in 2024
The UK construction industry has seen a significant downturn in 2024, with the number of new projects commencing dropping by 21% compared to the previous year. This decline is particularly alarming given the existing shortage in housing supply across the nation. Research conducted by the construction intelligence firm Glenigan has highlighted a concerning trend of…
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Home Help – Mortgage Guarantee Scheme Shows Modest Growth
As the curtain was set to close on 2023, the UK government’s mortgage guarantee scheme saw a slight increase in use. According to HM Treasury, the final quarter of 2023 recorded 1,784 mortgage completions under this scheme, contributing to a total of 42,836 since its inception in April 2021. This figure represents 1.3% of all…
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Mortgage Squeeze -Average Payments Up By Over £5,000!
Homeowners across the UK are facing a severe financial crunch as average mortgage payments have jumped by £5,484 annually. The sharp increase in mortgage rates over the past 2 years has left many reeling under the pressure of higher monthly expenses. According to data from Mojo Mortgages, the average mortgage rate for remortgaging in April…