Latest News
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Dream Home, Dream Loan – Mortgages for First-Time Buyers
Embarking on the journey of buying your first home is an exhilarating yet complex adventure. With over 6,000 mortgage deals in the UK market, the path to finding the right one might seem overwhelming. The Guardian’s financial expert wrote a guide to help – here’s a summary. Fixed Rate or Tracker For those closely watching…
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UK Rent Rises Slowing – Zoopla
In the last twelve months, renters have seen their monthly payments swell by 7.8%, pushing the average rent to £1,223. This figure, courtesy of property portal Zoopla, signals a shift in the rental market’s dynamics. Interestingly, this upward trend is expected to lose some steam, with projections indicating a more modest 5% rise in rents…
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Chard Leads the Charge in UK Property Hotspots
Chard, the quaint Somerset town, has emerged as the nation’s leading property sales hotspot. This bustling market town, with its picturesque setting in South Somerset, close to the borders with Devon and Dorset, has seen property transactions skyrocket by an astonishing 123% compared to last year. This surge has propelled Chard to the top of…
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UK Property Auctions Spring to Life
The Essential Information Group, a leading provider of data and insights into the property auction industry, has just released its latest monthly National Auction Analysis. The report highlights a series of positive trends across the board. Despite a slight dip in the number of auctions held compared to last year, the market has seen an…
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Goodbye High Mortgage Rates – Cheaper Loans on the Horizon?
Recent developments have sparked hope among UK homebuyers and homeowners, as mortgage rates are expected to dip below 4% in the upcoming weeks. This promising forecast comes after a series of favorable economic indicators, including a surprising drop in inflation and a significant decision by the Bank of England to hold interest rates steady. The…
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Coventry for Intermediaries Boosts Landlord Borrowing Power
Coventry for intermediaries has revamped its affordability criteria for buy-to-let mortgage applications, promising easier access to funding. This change means landlords can now borrow more against their rental properties than ever before, thanks to a generous reduction in the reference rates. Previously, a basic rate taxpayer earning £900 in rental income and eyeing a five-year…
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Good News for Cornwall Homeowners as Prices Inch Upwards
The start of the year brought a small but significant uplift in house prices, offering a glimmer of hope amidst a broader trend of declining property values. January witnessed a modest 0.4% increase in house prices, although this uptick does little to counteract the more concerning 2.8% annual decrease that homeowners have faced. January’s figures,…
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Interest Rates Hold Steady – Impact on Your Mortgage and Future Predictions
The Bank of England has made the call to keep the base interest rate locked at 5.25%. This marks the fifth consecutive time the rate has remained unchanged, following a series of hikes that saw rates climb for 14 straight times since December 2021. But what does this mean for you and your mortgage? Let’s…
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House Hunting Heaven – More Homes on the Market Now
If you’ve been dreaming of moving or buying your first home, but felt disheartened by the scarcity of options, your moment might just have arrived. The latest figures reveal a significant increase in the number of homes listed for sale, offering a glimmer of hope and more choices for potential buyers. In an uplifting development…
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Mortgage Rates Dip – Hope for Homeowners as Inflation Drops
The shadow of high mortgage rates may be starting to lift, bringing a glimmer of hope to prospective homeowners across the UK. The recent fall in inflation has sparked a wave of optimism, suggesting that the cost of borrowing could decrease sooner and more significantly than previously anticipated. In an encouraging development for those looking…