Latest News
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3 Major Banks Cut Mortgage Rates
Three of Britain’s largest mortgage lenders—Santander, HSBC, and Barclays—have announced significant cuts to their mortgage rates. Yesterday, Santander, HSBC, and Barclays revealed their decision to reduce rates on several fixed-rate mortgage deals. This announcement is seen as a potential catalyst that might encourage other lenders to follow suit and lower their rates in the coming…
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Mortgage Rates – Zoopla’s Predictions for 2024
UK homebuyers and homeowners are keenly observing the Bank of England’s moves, particularly its Base Rate announcements, which have a significant impact on mortgage rates. Last year, the mortgage market saw dramatic changes, influencing monthly repayments and overall affordability. As we head through 2024, several factors including mortgage rates, house prices, and buyer affordability are…
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London Home Hunters Snag Deals as Sellers Slash Prices
London sellers are cutting asking prices by an eye-catching £19,500 on average to clinch sales. Zoopla’s recent analysis has revealed that to secure a sale, London property sellers are resorting to significant price reductions, with homes going for an average of 4.6% less than the initial asking price in March. This reduction marks a slight…
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CHL Mortgages Slashes Buy-to-Let Rates
CHL Mortgages, a specialist in the buy-to-let market, has revealed a significant reduction in its mortgage rates. The lender has cut its rates by up to 0.37%. But what does this look like in real terms? Flexible Fees and LTVs Understanding the lingo is crucial here. LTV, or Loan to Value, is a percentage that…
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Making Home Buying Simpler, MPs Tackle the Housing Puzzle
The Levelling Up, Housing, and Communities (LUHC) Committee has unveiled a fresh inquiry aimed at streamlining the housing transaction process in England. This initiative seeks to bring much-needed relief to millions caught in the often stressful web of acquiring or parting with a property. At the heart of this parliamentary probe lies a comprehensive review…
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Wigan Shines as Hidden Gem for Homebuyers
It appears that the secret ingredient to becoming a property hotspot in today’s market is affordability. The latest data from OnTheMarket suggests that the majority of the UK’s most buzzing locations boast average house prices that sit comfortably below the national average. This revelation marks a clear shift in buyer preferences, with cost-effectiveness taking the…
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Dream Deal for First-Time Homebuyers – Just £5,000 Deposit
The Yorkshire Building Society has rolled out a new mortgage offer that seems like a dream come true for first-time buyers. Imagine securing a home with just a £5,000 deposit and the possibility to borrow up to a whopping 99% of your property’s value! This deal, aimed at properties valued up to £500,000, comes without…
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Unlock Your Buy-to-Let Potential – How Offset Mortgages Can Boost Your Cashflow
The buy-to-let market, a once booming industry, saw a significant setback with a 53% drop in purchase activity throughout 2023. Yet, experts predict a more stable future with a slower rate of decline at 13% for 2024. This resilience is not new; the buy-to-let market has stood the test of time, proving its worth and…
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Shawbrook Unveils New Expert Team to Support Larger Loans
Shawbrook Bank is increasing its maximum loan cap to a whopping £35 million, and also introducing a specialised squad: the Structured Real Estate team. This move aims to transform the way their large-scale financing is approached, offering a blend of personalised service and expert advice tailored to meet the needs of those handling hefty transactions.…
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Rocketing House Prices Leave York’s Dreamers Grounded
The dream of owning a home has grown increasingly out of reach for many in York, as a new report reveals a staggering increase in the gap between average earnings and house prices over the last quarter-century. Twenty-five years ago, in 1997, buying a house in York might have seemed an achievable goal for the…