Latest News
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Election Fever Can’t Slow Down Prime Property Plans
Savills’ extensive survey of 1,200 individuals looking to buy or sell in the upscale housing segment presents an interesting narrative. An overwhelming 79% of respondents are sticking to their guns, with their plans to move remaining steadfast despite the looming general election. Even more intriguing is the 13% who are doubling down on their determination…
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Landlords’ Fears Unfounded, Says Think Tank
A recent report by the Social Market Foundation (SMF) is challenging the prevailing winds of concern among landlords. Their message is clear: the apprehension surrounding stricter regulations, including the potential ban on Section 21 ‘no-fault’ evictions, might be much ado about nothing. The heart of the SMF’s findings lies in a comparative study with other…
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Housing Squeeze – Rents Rise as Homes to Let Dry Up
The latest insights from Propertymark’s Housing Insight Report show that the demand for rental properties is far outstripping the supply. This imbalance has pushed landlords to a tipping point, with a growing number deciding to sell their properties as their attractive mortgage deals come to an end. February’s figures are alarming. The availability of rental…
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First-Time Homebuyers’ Guide – Everything You Need to Know
Embarking on the journey to buy your first home can be as thrilling as it is daunting. With a plethora of steps, checks, and considerations, the process can seem overwhelming. Fear not! We’ve broken down the essential steps every first-time buyer should be aware of, making your path to homeownership a little smoother. Before You…
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Atom Bank Slashes Commercial Mortgage Rates
Atom Bank has announced a significant reduction in its commercial mortgage rates. The new rates are now pegged more closely to the base rate, ensuring more competitive loans for business owners. This pricing revision is effective immediately, providing a timely opportunity for businesses to secure funding under more favorable terms. Why This Matters for Small…
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UK House Prices Drop After Months of Gains
UK house prices took a dip in March, breaking a five-month streak of steady increases. For the first time in half a year, the UK’s housing prices have shown a decline, according to the latest data from Halifax. March saw the average house price fall by 1% from February, settling at £288,430, down from a…
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Brits Go Green – Heat Pump Demand Soars
UK homeowners are rushing to claim up to £7,500 off eco-friendly heat pumps, with applications skyrocketing by 75% in February alone. The Government’s Boiler Upgrade Scheme, a cornerstone in the UK’s ambitious climate strategy, has seen over 35,000 applications since its launch in 2022, marking a significant shift towards sustainable heating solutions. The Rush for…
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Buy-to-Let Yields – Where Your Money Works Hardest
Research conducted by Lomond, an estate and letting agency group in the UK, shows Britain’s average rental yield stands at 4.5%, marking a rise from 4% just a year ago. Leading the charge with an average rental yield of 5.4%, Scotland emerges as the king at a regional level. Not far behind, the North East…
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Rent Shock – Prices Soar 28% Since 2020
The latest figures from Goodlord’s Rental Index show a stark picture of the market in March 2024, revealing that renters are now forking out an average of 28% more than they did just four years ago. This significant hike in living costs is squeezing pockets and reshaping the housing affordability crisis for millions. As of…
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The Mortgage Maze – Finding Your Way to the Best Deals
This week, the market remains as challenging as ever, with average mortgage rates holding steady, reflecting a broader trend of financial uncertainty and high living costs. As of this week, those looking to secure a mortgage will find the average rates for two-year fixed deals at 5.74%, while five-year deals are slightly more appealing at…