Latest News
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Chorley Building Society Unveils New Mortgage Options
Chorley Building Society has broadened its array of mortgage products, catering to diverse needs such as buy-to-let, holiday lets, second homes, and later life financing. This expansion not only provides new opportunities for existing landlords but also welcomes first-time landlords and buyers into the fold. New Opportunities for Landlords Among the newly introduced options are…
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London Lettings – A Modest Increase as Spring Approaches
Foxtons, a leading name in London real estate, has reported a slight improvement in the capital’s lettings market as demand gradually picks up. February to March 2024 has witnessed a 9% rise in demand in the London lettings market, a positive signal amid the hustle and bustle of the city’s housing scene. This upturn comes…
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Increase in North East Property Prices Leads UK Market
The North East of England is experiencing the sharpest increase in property prices compared to any other region in the UK. This regional boom contrasts starkly with the broader UK market, where many areas are seeing a decline. Recent data from the Land Registry pinpoints the North East as the UK’s hotspot for property price…
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Homes With Planning Permission Fetch Up To 20% More
One of the clearest pathways to fetching a higher sale price for your property is already having planning permission in place. Recent research conducted by Home Sale Pack reveals that homes on the market with pre-approved planning permissions can command significant price premiums, with differences noted across various regions in England. Home Sale Pack’s analysis…
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A New Dawn for UK Mortgages? The Rise of Long-Term Fixed Rates
Obtaining a mortgage is a rite of passage for many, but with rising mortgage rates and a volatile market, prospective homeowners are facing challenges. Traditionally, UK borrowers opt for short-term fixed-rate mortgages — more than 90% choose terms of five years or less due to their initial low costs and flexibility. However, this approach comes…
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Home Loan Hikes Hit – Top Lenders Raise Mortgage Rates
Five prominent mortgage lenders have revealed that they will be raising their rates. Barclays, HSBC, NatWest, Accord, and Leeds Building Society have all decided to hike their mortgage interest rates, signalling a tougher climate for both new home buyers and those looking to remortgage. This announcement comes as a particularly harsh blow to those already…
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High-End Home Sales in London Remain Strong Despite Slump
London’s luxury property market for homes priced above £5 million has seen a slowdown compared to last year’s numbers, yet the market still shows robust activity, significantly higher than figures seen before the pandemic. According to the latest data from property experts at Savills, while there’s a noticeable decline in transactions from the heights of…
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Heat Pump High Prices Hinder UK’s Green Goals
More UK households are opting for heat pumps, spurred by Government grants that make the transition more affordable. Despite this assistance, the uptake is still not on track to meet ambitious environmental targets. The goal? To reach 600,000 heat pump installations per year by 2028. But high upfront costs continue to deter many potential adopters,…
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Landlords in Crisis – Rise in Buy-to-Let Owners Struggling
Landwood Group reports a staggering 150% increase in the involvement of Insolvency Practitioners with BTL. These professionals are stepping in to manage properties for landlords who are struggling to stay afloat. According to Landwood Group, this troubling trend stems from several factors that have created a perfect storm for property owners. Increased regulatory pressures and…
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Flintshire’s Property Prices Rise, Leading Growth in Wales
Flintshire has emerged as a hotspot for property price increases, significantly outpacing both the regional and national averages in February. Flintshire’s house prices saw a robust growth of 1.4% in February, a rate that surpasses the average growth across Wales, which was just 0.4% during the same period. This increase in Flintshire is also higher…