Latest News
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LendInvest Offers Zero Valuation Fees for First-Time Landlords
LendInvest Mortgages has just unveiled a new promotion specifically designed for those looking to dip their toes into the buy-to-let waters for the first time. This initiative not only includes complimentary property evaluations for Small Houses in Multiple Occupation (HMOs) valued up to £500,000, but also introduces significant price reductions across their entire range of…
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Mortgage Approvals Soar to 17-Month High
The housing market is showing signs of significant recovery, with mortgage approvals reaching their highest level in over a year. This upswing comes as borrowing costs have started to decrease, marking a positive shift for potential homeowners. In February, the UK saw a substantial increase in the number of mortgage approvals, surpassing the expectations of…
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Steady As She Goes – Prime Rental Market Sees Growth Slow
There’s been a slight rise in rental values in the UK’s prime markets, with London itself witnessing a modest 0.3% increase over the first quarter of 2024. This signals a gentle return to the seasonal rhythms of the property market after a long period of bullish growth. Over the past year, the pace of this…
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Cornwall’s Housing Market – The Tide Turns
Cornwall, the picturesque jewel of the UK’s southwestern coast, experienced a property market boom during the pandemic unlike any other. With homes fetching prices well above the asking rate amid a frenzy of buying activity, the region was a sellers’ paradise. However, recent shifts indicate a dramatic change, turning it into a market where buyers…
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North Shields – The Rising Star of Tyne and Wear
Are you dreaming of a new home or looking to expand your property portfolio? Well, it seems like the perfect opportunity might just be waiting for you in the North East. North Shields, a town in Tyne and Wear, has recently been crowned as one of 2024’s property hotspots by none other than The Sunday…
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Market Harborough Reducing Mortgage Rates
Market Harborough Building Society (MHBS) has announced a reduction in its fixed mortgage rates, making it an opportune moment for house hunters and landlords alike. Starting from today, Tuesday 2nd April, both residential and buy-to-let mortgage rates have seen cuts of up to 0.20%. The society has made a decisive 0.20% cut on their two…
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Spring Finance Announces Lower Bridging Rates and Enhanced Criteria
Spring Finance has announced a reduction in rates across its entire range of bridging loan products. Alongside these rate cuts, the company has introduced an improved lending criteria, now offering residential property purchases with loan-to-value (LTV) ratios of up to 75%. Furthermore, Spring Finance has expanded the availability of Automated Valuation Model (AVM) loans, raising…
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Rising Rents and the Bold Move by PRS Reit
Unlike the typical landlord who purchases existing properties to rent out, PRS Reit takes a novel approach by securing homes directly from housebuilders before the first brick is laid. This strategy not only fuels the construction of new rental homes but also serves as a lifeline for housebuilders, especially when high interest rates deter private…
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Warehouse Wonderland – UK’s Online Retail Storage Rising
The latest findings from a comprehensive report by Savills, in partnership with the UK Warehousing Association (UKWA), have shed light on a staggering surge in warehouse occupation by online retailers—a whopping 813% increase over the past decade! Since 2015, the footprint of online retail warehouses has ballooned from a modest 8 million square feet to…
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Slight Dip in the Housing Market – UK House Prices Fall for the First Time in Months
The housing market in the UK has hit a bit of a bump in March, marking the first price decline after two consecutive months of gains. This subtle downturn comes as a reflection of the challenges posed by high mortgage rates, painting a picture of a market that is, at best, “subdued.” Nationwide building society,…