Latest News
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Mortgage Rates Climb but Choice Widens
As we step into the bustling spring home-selling season, there’s a mixed bag of news for prospective homebuyers. Mortgage rates have seen a slight rise, yet there’s a silver lining with the availability of more product choices hitting record highs. Rates on the Rise Recent analysis from the financial watchdog Moneyfacts has shown a modest…
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UK’s Staycation Sparkle Dims – Bookings Plunge Amid Cost of Living Squeeze
In recent years, Britain’s picturesque locales from Cornwall’s coasts to the bustling streets of London witnessed an unexpected guest: the staycation boom. Families, adventurers, and solitude-seekers turned to the UK’s own backyard for getaways, driven by travel restrictions and a rediscovery of local charms during the pandemic. However, this trend seems to be facing a…
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Sky-High Rents Eat Up UK Workers’ Wages
It has emerged that the average renter in the UK now forks out a staggering 38.3% of their monthly income to cover rent, pushing them perilously close to the financial edge. This troubling statistic underscores a growing affordability crisis, with financial experts traditionally advocating for a rent-to-income ratio of under 40% to maintain a healthy…
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Scottish Commercial Property Market Bouncing Back
Scotland’s commercial property sector has bounced back with a vengeance in the early months of 2024. The first quarter of 2024 has seen an upswing in Scotland’s commercial property investments, according to the latest figures from Knight Frank, a leading commercial property consultancy. Investments soared by 53% compared to the same period last year, jumping…
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Messy Neighbours Could Cost You £57,000 When Selling Your Home!
When it comes to selling your house, the state of your neighbour’s garden could be more important than you think. According to fresh research, having a messy neighbour could slash up to £57,000 off your property’s value. That’s a lot of money potentially lost due to something completely out of your control. The Price of…
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First-Time Buyers Face The Mount Everest of Deposits
The latest findings from Yopa, show that the road to homeownership is looking more like scaling a financial Mount Everest for first-time buyers in Britain, despite the assistance from the ever-reliable “Bank of Mum and Dad.” Yopa’s research sifts through data from Legal and General, showing the significant contributions families are making to help their…
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Unlocking Homes – The PDR Plan to Transform Buildings into Bungalows
The government is looking to revamp the rules on permitted development rights (PDRs), aiming to make it easier to turn unused spaces into homes. At the heart of these changes are two types of PDRs. First up, if you’re dreaming of a bigger kitchen or perhaps a sunroom to relax in, you’re in luck! The…
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Mortgage Approvals Rose by 7.7% in February
The latest figures from the Bank of England indicate a resurgence in the UK housing market. February witnessed a remarkable 7.7% leap in mortgage approvals, pushing the number to 60,383—a whopping 40% surge from the same period last year. This increase marks the fifth consecutive month of increases, signaling a hopeful return to the vibrancy…
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Cornwall’s Housing Market Sees a Shift – Prices Drop as Buyers Gain Leverage
Cornwall is witnessing a significant turn in its housing market following the tumultuous period of the COVID-19 pandemic. As the dust settles, the dream of owning a home in this coastal paradise is becoming more attainable for many. The latest figures indicate a shift towards a buyer’s market, with house prices on a decline. Prices…
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Easter Weekend Sees Record Number of New Homes for Sale
According to the latest insights from Rightmove, the UK’s largest property portal, Thursday, 28th March, marked a significant day in the 2024 housing market calendar. This day, just before the long Easter weekend, saw more sellers listing their homes for sale than any other day of the year so far. This wasn’t a random spike;…