Latest News
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Precise’s Boost for Buy-to-Let Landlords
Precise, a lender under the OSB Group umbrella, has announced significant enhancements to its buy-to-let mortgage offerings. One of the headline changes is the reduction in mortgage rates for Tier 1 buy-to-let properties. If you’re looking to invest or already own a rental property, Precise’s announcement means you could see a drop in your mortgage…
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Profits for Build-to-Rent Leader PRS Despite UK Housing Crunch
PRS, a leading REIT in the build-to-rent sector, has unveiled an impressive surge in its financial performance. As the chronic shortage of homes continues to push rents upwards, PRS stands out with its strategic growth and burgeoning portfolio. The company recently published its interim results, revealing a robust 16% increase in revenue over the six…
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ONS Price Index of Private Rents (PIPR) – March 2024
The ONS published their new monthly index, the Price Index of Private Rents (PIPR) for March 2024. Here’s our summary. Overall, renters are facing a significant challenge as private rental prices continue to climb. The provisional estimate has unveiled a 9.0% increase in average UK private rents over the 12 months leading up to February 2024.…
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ONS House Prices – January 2024
The Office for National Statistics (ONS) published their monthly House Price Index for January 2024. Here’s our summary. The latest figures have presented a mixed bag of decreases and increases across the nation, painting a complex picture for potential buyers and sellers. Matt Corder, Deputy Director for Prices at the ONS, said on Twitter, “Average UK…
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Sky-High Rents – Over Half of UK’s Rentals Now Costing £1,000 a Month
A recent study has shown that the cost of renting a home in the UK is soaring, with more than half of all rental homes now commanding prices above the £1,000 per month mark. This situation underscores a growing problem in the housing market, where the demand from tenants far outstrips the supply of affordable…
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Mortgage Rate Hike by Nationwide
Nationwide Building Society, one of the UK’s largest mortgage lenders, has announced an increase in its mortgage rates for current customers. This news comes as a dampener for those clinging to the hope of an early relief from the Bank of England’s rate cuts. From today, 19th March, Nationwide is set to adjust the costs…
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Bag Your Dream Home at a UK Auction – A Beginner’s Guide
Purchasing a home through a UK property auction can be an exhilarating and rewarding experience, offering the chance to snag a property at a potentially lower price. But the process can seem daunting, especially to first-timers. Fear not, our comprehensive guide is here to walk you through the steps to make your auction purchase a…
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Homes with Heritage Names Fetch Higher Prices
It turns out that a name isn’t just a name—it could be the key to unlocking millions in value for your home. A recent study by property agents Savills has revealed an intriguing trend: homes bearing traditional names like The Manor House, The Old Rectory, and The Old Vicarage are not only fetching eye-watering prices…
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London’s Prime Property Prices Fall to 2014 Levels
London’s prime property market has seen a significant drop, with average prices tumbling back to levels not seen since early 2014. According to a comprehensive study conducted by property analysts at LonRes, the fall is significant, with a 7.8% annual decrease reported in February. Despite the dip in property prices, the number of transactions in…
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Rent Hike Hits the Brakes but Tenants Still Pinched
The pace at which rents are rising has finally started to slow down, yet tenants across Great Britain are continuing to feel the financial pressure, with significant increases still a reality. This is according to the latest insights from Hamptons. The latest data indicates a slight deceleration in the rate at which rents are increasing.…