Latest News
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The Changing Tides of Buy-to-Let Investments
As the private rental sector (PRS) evolves, landlords and investors face new complexities. Steve Cox, from Fleet Mortgages, wrote about how they’re adapting and what it means for the future of buy-to-let investments. In recent years, landlords have had to become increasingly adaptable to remain profitable amidst changing economic conditions. Phrases like “cutting your cloth…
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UTB Broadens Mortgage Options for New Builds
United Trust Bank Mortgages for Intermediaries has announced that they are now expanding their mortgage offerings to include new build properties. This decision comes as a part of their ongoing effort to adapt to market demands and provide more versatile financing options. The expansion means that customers looking to invest in or purchase new build…
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Average Mortgage Rates Hold High – Rightmove
As the housing market continues to navigate through economic uncertainties, the latest data from Rightmove reveals that average mortgage rates have remained significantly higher compared to last year. The report from Rightmove indicates an increase in the average mortgage rates for both two-year and five-year fixed terms over the past year. Specifically, the average five-year…
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A Slow Start – UK Build to Rent Market in 2024
The UK Build to Rent (BtR) sector has experienced a rather slow start to 2024. Investment in BtR developments has decreased, with just 10 deals completing in the first quarter, accumulating to a value of £555 million. This marks the slowest first quarter since 2014, according to the latest report from Savill’s, a stark contrast…
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London’s Housing Market – Who’s Up and Who’s Down?
London house prices have taken downturn, with an average decrease of 5% across the capital. However, not all boroughs are in the same boat; certain areas are experiencing growth against the odds. London’s property market, typically robust, has shown signs of strain with an overall decline in house prices by around 5%. This drop is…
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ONS House Prices – February 2024
According to the latest data from the Office for National Statistics (ONS), while the average UK house price saw a minor increase of 0.4% between January and February 2024, it remained 0.2% lower compared to the same period last year. This positions the average house price at £281,262 in February 2024, showing a slight rise…
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ONS Price Index of Private Rents (PIPR) – April 2024
The Office for National Statistics (ONS) has released its latest data on private rent prices across the UK for April 2024, providing a comprehensive overview of the current rental market. Here’s a breakdown of the key points from the report, helping renters and investors understand the trends and what they might mean for the future.…
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Winkworth Faces Financial Hurdles in Tough Housing Market
Winkworth, a prominent franchisor of estate agencies based in London, has released its financial results for the year ending December 31, 2023. In a challenging housing market, the company has reported a dip in both revenue and profits, although its performance met the expectations set by management. Despite a sluggish sales environment, Winkworth benefited from…
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London’s Rental Market Springs Into Action, Yet Rent Hikes Loom Ahead
As the flowers bloom and trees begin to bud, London’s rental market is experiencing its own kind of spring renewal. According to leading estate agent Chestertons, there was a noticeable 10% increase in tenants signing rental agreements in March compared to February. This increase follows a strategic move by landlords to lower rents in February,…
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Property Purchase Financing – Your Options
Buying a home can be one of life’s most exciting, yet daunting, challenges. Whether you’re a first-time buyer or looking to invest in property, understanding the array of financing options available is key to making an informed decision that suits your financial situation. Let’s look at the different ways you can finance a property purchase…