Latest News
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London Rental Market – More Properties Available
London has seen a significant increase in the availability of rental properties. Data released by real estate agency Benham & Reeves highlights a 34.7% increase in rental homes within Greater London. This year, the number of rental listings surged to 45,200 in the first quarter, up from 33,562 in the previous year. The increase in…
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Edinburgh Property Prices Soar – Homes Gain Over £1,000 Weekly
In Edinburgh, detached homes are seeing an astonishing rise in value, increasing by more than £1,000 every week over the past year. This significant increase in property prices reflects broader trends in Scotland’s urban property markets, with Edinburgh leading the way. From March 2023 to February 2024, the average price of a detached home in…
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London’s Booming Boroughs – Hotspots Where Homebuyers Hustle
The property market in London is heating up, with certain boroughs experiencing a remarkable surge in interest from prospective homebuyers. Dulwich, a charming area in south London, has become a magnet for younger buyers eager to own their first homes. According to Foxtons, Dulwich has witnessed a staggering 153% increase in buyer enquiries compared to…
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New Mortgage for Foreign Nationals in the UK
Nottingham Building Society has introduced a new mortgage product designed specifically to aid foreign nationals working in the UK in their quest to own a home. This innovative offering comes as a response to the unique challenges faced by skilled workers from abroad when attempting to navigate the UK mortgage landscape. The mortgage is tailored…
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Clydesdale Bank Ups Mortgage Rates
Clydesdale Bank has announced significant rate hikes across its entire range of residential mortgages starting today, Friday, May 3rd. These adjustments are likely to impact both new and existing customers. Clydesdale Bank’s rate adjustments focus predominantly on fixed-rate mortgages, which are popular among homeowners for their predictability in repayments. The increases vary depending on the…
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Beware the Mortgage Trap – One Simple Mistake Could Cost Brits Thousands!
Staying vigilant on your mortgage can save you more than just a few pennies. A significant number of British homeowners are falling into a costly trap, shelling out an additional £3,000 on average, simply because they let their mortgage deals expire without renewal. This common oversight pushes their interest rates up to the lender’s higher…
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Landlords Flee North East’s Buy-to-Let Market Amid Financial Strain
In the North East of England, a significant number of buy-to-let landlords are choosing to exit the property market, confronted by diminishing profits and escalating mortgage rates. The trend reflects broader economic challenges and shifting market dynamics that have made the buy-to-let investment increasingly untenable for many. Karen Whiting, an associate director at Durham-based Azets,…
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Aberdeen House Prices Dip in First Quarter of 2024
Aberdeen’s housing market experienced a downturn in the first quarter of 2024, with property prices falling by 2.9%. This report, a collaborative effort between Aberdeen Solicitors’ Property Centre Limited (ASPC) and the University of Aberdeen’s Centre for Real Estate Research, reveals several nuanced trends within the city’s property sector. While the quarterly figures point to…
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Mortgage Latest – Santander Repeats Rate Rise
Santander has announced a significant increase in its mortgage rates, marking its second adjustment this week alone. This follows a trend set by other major banks as the cost of borrowing for homes escalates rapidly. Starting tomorrow, Santander will increase the interest rates on several of its fixed-rate mortgage deals. This adjustment could see rates…
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UK Landlords Reap Highest Rental Yields Since 2018
Landlords across the UK are currently experiencing the most fruitful period in six years in terms of rental returns. According to the latest research by Paragon Bank, the average gross rental yield has climbed to a robust 6.1% in the first quarter of 2024. This marks the third consecutive quarter of yield increases and is…