Latest News
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Savings for Landlords – Virgin Money Rolls Out New Mortgage Deals
Virgin Money is set to make changes to its mortgage offerings starting from today, May 15th, focusing particularly on buy-to-let (BTL) landlords and homeowners looking to remortgage. These adjustments include launching exclusive landlord deals and tweaking existing product transfer rates, promising potential savings and incentives for both existing and prospective customers. Exclusive Buy-to-Let Deals Virgin…
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House Hunt Hurdles – Rising Mortgage Rates Curb Buyer Enthusiasm
The housing market in the UK has experienced a shift. After a brief period of increasing interest from buyers, the enthusiasm seems to be waning again due to the escalating mortgage rates. This change in market dynamics is evident from the latest findings of the RICS UK Residential Survey, which provides a detailed look at…
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Mortgage Rates Hit New Highs
In April, the UK witnessed the most substantial monthly jump in mortgage rates since March 2024. According to the latest data from the Moneyfacts UK Mortgage Trends Treasury Report, the average rate for a two-year fixed mortgage climbed from 5.80% at the end of March to 5.91% by the start of May. Similarly, the five-year…
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Homeownership Dreams Extend into Later Life
More individuals in their 50s and 60s are aspiring to own their first homes. Legal & General Mortgage Services reports a notable 13% increase in prospective homeowners aged 56 to 65 in the first quarter of 2024, compared to the same timeframe in the previous year. This increase is part of a broader trend observed…
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House Price Decline Slows in England and Wales
House prices across England and Wales are continuing their downward trajectory, but there’s a silver lining— the pace of the decline is decelerating. This shift suggests a potential stabilisation in the housing market, as detailed in the latest e.surv house price index. The average sale price for homes in England and Wales, accounting for cash…
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Scottish Office Stocks a Golden Opportunity for Investors?
In recent times, the commercial investment market has seen its fair share of ups and downs, heavily influenced by various macro-economic factors. This trend has been particularly notable in the office sector, which witnessed a significant drop in transaction volumes last year due to a lack of confidence among investors and an uncertain economic environment.…
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MPowered Mortgages Reduces Rates
MPowered Mortgages has announced cuts to its fixed mortgage rates. The company has reduced rates across its 2-year and 5-year fixed rate ranges For those considering locking in their mortgage rate, MPowered now offers more attractive terms. Starting from a lowered rate of 4.37%—a drop from the previous 4.59%—the 5-year fixed rate range is looking…
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Buckinghamshire Building Society Launches New Mortgage Options for Landlords
Buckinghamshire Building Society has recently announced the addition of two 5-year fixed-rate mortgage products to its portfolio. These new options cater to both prime residential borrowers and buy-to-let (BTL) landlords, providing enhanced loan-to-value (LTV) rates and flexible repayment terms. The Buckinghamshire Building Society’s latest prime residential mortgage product features a competitive 5-year fixed rate of…
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Northern Ireland’s Housing Market Shows Resilience
The housing market in Northern Ireland is exhibiting promising signs of stability and marginal growth. According to the latest Northern Ireland Quarterly House Price Index Report from Ulster University, the average house price in the region for the first three months of the year was £206,754. This marks a slight increase of 0.6% compared to…
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London’s Luxury Property Market Poised for a Comeback
Coutts Bank, a subsidiary of Natwest, has released a new report suggesting a promising turnaround for London’s prime property market. Despite a challenging start to the year, where property prices in London’s elite sectors saw a 3.9% drop last quarter and were 1.6% lower than the same period last year, Coutts remains optimistic. The report…