Latest News
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Big Decisions Ahead for UK Landlords as Mortgage Renewal Looms
According to The Mortgage Lender (TML), nearly half of the UK’s landlords who have a mortgage are on the verge of a crucial financial crossroads. 40% of these landlords are expected to renew their mortgage agreements within the next 12 months. This situation potentially affects thousands of tenants and property owners across the country. Chris…
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House Prices Defied Predictions – The Unexpected Stability of 2023’s Housing Market
There were widespread predictions of doom and gloom for the housing market in 2023, but the actual outcome left many experts scratching their heads. Despite rising interest rates reaching heights not witnessed since the financial turmoil of 2008, the UK’s housing market demonstrated remarkable resilience. This tale of unexpected stability serves as a stark reminder…
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Mortgage Madness – Act Fast to Lock in the Best Rates
The UK’s mortgage market is taking borrowers on a rollercoaster ride, with top deals vanishing faster than a magician’s rabbit. With mortgage products now sticking around for a mere 15 days on average, it’s a sprint against time for potential borrowers. This rapid change is a stark drop from the 28 days seen just at…
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Boost Your Home’s Value with These Key Upgrades
As the spring house-hunting season kicks off, both buyers and sellers are eagerly jumping into the market, fueled by rising property prices and loan approvals. If you’re thinking about selling your home, knowing which home improvements can boost your sale price—and which might hinder it—is crucial. From the appeal of car charging points to the…
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Savings for Landlords as Landbay Cuts Rates
Landbay, a key player in the buy-to-let mortgage sector, has announced significant rate cuts across a range of its products, specifically targeting those interested in houses with multiple occupations (HMOs) and multi-unit freehold blocks (MUFBs). For small HMOs and MUFBs—properties with up to six bedrooms or units—Landbay has trimmed interest rates by up to 0.25%.…
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Mortgage Mysteries – Why Your Rates May Rise Despite Bank Cuts
You’re eyeing up that all-important date in July – the time to remortgage. But there’s a cloud of confusion hanging over: why do mortgage rates keep climbing when whispers in the financial alleys hint at the Bank of England’s base rate taking a dip? Aren’t these two financial factors supposed to waltz together in harmony?…
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UK House Hunters Get Ready to Move as Optimism Blooms in 2024
According to a recent survey by Bloomberg Intelligence, a whopping 40% of UK house hunters are now eager to push forward with their homebuying plans, spurred on by the fear of missing out as house prices look set to rise rather than fall. This marks a significant increase in urgency compared to previous years, highlighting…
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Big Changes for Short Let Landlords – Lower Taxes vs. Stricter Rules
After the Spring Budget, landlords are facing a mixed bag of changes that could significantly impact their investment strategies. Jeremy Hunt has introduced a new set of rules that will see the capital gains tax on properties cut by 4 percentage points, while simultaneously axing the beneficial ‘furnished holiday lets’ regime. This one-two punch leaves…
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Co-op Bank Mortgage Rates On The Rise
The Co-operative Bank has announced increases in its mortgage rates, affecting a wide range of its products. Their announcement highlighted rate increases in both its residential and buy-to-let mortgage ranges. This change is not only applicable to new customers but also affects those looking to switch their current mortgage products within the bank. The Biggest…
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Persimmon’s Profits Take a Tumble Amid Housing Challenges
A significant downturn has hit one of the UK’s leading housebuilders, Persimmon, as it grapples with a challenging market environment. Profits have seen a dramatic decrease, and the outlook for the coming year remains cautious. Persimmon, a prominent name in the FTSE 100 index, has reported a substantial fall in its pre-tax profits for 2023,…