Latest News
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UK Property Market’s Spring Rise Stumbles Over High Mortgage Rates
The anticipated “spring bounce” in the UK property market hasn’t taken off as expected this year, leaving estate agents and surveyors reporting a slower season than usual. A recent survey conducted by the Royal Institution of Chartered Surveyors (RICS) reveals that rising mortgage rates have significantly impacted buyer enthusiasm and market activities. The RICS monthly…
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Dreaming of Owning an Equestrian Property? Here’s What You Need to Know
Owning a property where you can house, train, and ride your horses might sound like a fairy tale for any horse lover, but the journey to purchasing an equestrian home is no simple gallop. Before you saddle up and make an offer, understanding the unique market, property requirements, and potential pitfalls is crucial. Country Life…
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No More Waiting – Chain-Free Homes Fetch Higher Prices
When it comes to buying a home in England’s bustling cities, properties that are sold without the complexities of an onward chain are fetching higher prices than their counterparts. Recent research by Home Sale Pack highlights that these chain-free homes are not just a relief from the stressful buying process, but also come with a…
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UK Mortgage Growth Set to Increase as Inflation Declines
The UK housing market has faced its fair share of challenges in recent years, with high inflation and soaring mortgage rates putting a damper on many people’s dreams of buying a home. However, the latest forecast from the EY ITEM Club, a respected economic forecasting group, brings a glimmer of hope. They predict a significant…
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Atom Bank Reduces Commercial Mortgage Rates
Atom Bank has recently announced a reduction in the interest rates on its commercial mortgages. This move is a boon for businesses looking for competitive financing options, particularly as we approach the end date for applications under a key recovery scheme. In a strategic move to boost its commercial lending attractiveness, Atom Bank has reduced…
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Rising Costs Force Landlords to Adjust Financial Strategies
Faced with increasing operational costs, buy to let landlords across the UK have been proactively adjusting their financial strategies over the past 18 months, according to a new study by Foundation Home Loans. This report shows how landlords are dealing with economic hurdles by renegotiating mortgages, escalating rental prices, and in some instances, opting to…
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Fleet Mortgages Rolls Out New Buy-to-Let Deals and Cuts Prices
Fleet Mortgages, a specialist in the buy-to-let lending market, has just expanded its portfolio with the introduction of several new mortgage products specifically designed for landlords. This move includes both brand new offerings and significant price reductions across its existing range. In an expansion of their product line, Fleet Mortgages has launched two new five-year…
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MPowered Mortgages Lowers Loan Rates
MPowered Mortgages has announced a reduction in their fixed rate mortgage offers, making home financing a bit more accessible in these challenging economic times. This move includes cuts of up to 0.65% across various mortgage products, which could mean considerable savings for borrowers. MPowered Mortgages’ latest adjustments span both three-year and two-year fixed rate plans,…
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Quiet Streets, Pricey Homes – London’s LTNs Drive Up Property Values
In London, a move towards quieter, less congested residential areas is boosting property prices but causing headaches for nearby road users. The introduction of Low Traffic Neighbourhoods (LTNs) has sparked a mix of enthusiasm and frustration among Londoners, with significant impacts on local housing markets. Low Traffic Neighbourhoods (LTNs) are designed to reduce traffic in…
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Homeownership Dreams Dim in Nottingham – Affordability Crisis Worsens
The latest analysis released by the moving platform Getamover.co.uk suggests Nottingham is one of the toughest areas in England when it comes to homeownership affordability, with dramatic changes observed over the past decade. From 2013 to September 2023, the average cost of an existing dwelling in Nottingham has nearly doubled, surging from £95,500 to £186,000.…