Latest News
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UK Home Sales Set to Jump – Buyers and Sellers Make a Comeback
According to the latest figures from the property website Zoopla, both buyers and sellers are stepping back into the market with renewed enthusiasm. February witnessed an increase in property transactions, setting the stage for a projected 10% rise in home sales throughout the year. Zoopla’s data paints an optimistic picture of the property landscape, with…
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Mortgage Rates On The Rise – Nationwide and Halifax Make Moves
Nationwide Building Society has just announced an increase in its mortgage rates. This marks the second time in just a month that the lender has decided to up the ante for both new borrowers and those already holding mortgages with them. And it’s not just Nationwide that’s adjusting its figures; Halifax is also tweaking its…
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Heading the Polls – Should You Buy a House Before an Election?
You’re ready to take the plunge into homeownership with your partner, armed with a 15% deposit and dreams of a place to call your own. But with the buzz of an upcoming general election, you’re left wondering if you should press pause on your property pursuit. Could the outcome of the election swing the pendulum…
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Reuters Poll Says House Prices Will Flatline This Year
British house prices, which have seen a tumultuous time, are expected to stabilise this year, offering a silver lining for prospective homeowners. This stabilisation is a step up from previous forecasts and is attributed to a combination of supply constraints and anticipated cuts in interest rates. The property market in the UK has shown signs…
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“Own New” – Sub-1% Mortgage Rates Now Available for New Builds
Own New has unveiled a mortgage scheme that harks back to the near-record low rates of Autumn 2021. But there’s a catch – these dreamy rates are exclusive to new-build home buyers. Dubbed the “Rate Reducer” scheme, this innovative offer promises to make homeownership more accessible and affordable, especially for those willing to invest in…
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Rocketing Rental Arrears A Ticking Time Bomb for Landlords
A staggering 50% increase in rental arrears claims has been reported in the year leading up to December. This statistic, released by Reposit, shines a harsh light on the growing financial pressures facing tenants across the nation. As wallets thin and belts tighten, the fallout from this economic squeeze isn’t just felt by those renting…
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Homebuyers Resort to Bribes in Bid to Secure Dream Homes
A study by Yopa shows a staggering 25% of recent homebuyers have confessed to using bribes, ranging from cash to acts of kindness, in an attempt to win over sellers and clinch the deal on their dream property. This research sheds light on the lengths people are willing to go to in the competitive housing…
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Mortgage Rate Hike from Nationwide
Nationwide, the country’s leading mutual mortgage lender, has announced a significant increase in interest rates for home loans. This decision puts additional financial strain on potential homebuyers and existing mortgage holders alike, with rates set to rise from tomorrow. For those dreaming of owning their home, the climb might have just got steeper. Nationwide’s rate…
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Call for More Affordable Mortgages to Support UK Homebuyers
Propertymark is urging banks and financial institutions to introduce more affordable mortgage rates. This comes at a crucial time when inflation levels are beginning to stabilise, providing a golden opportunity for lenders to play a pivotal role in enhancing consumer confidence and making borrowing costs more manageable. Halifax has recently announced its decision to lower…
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The Rise of Purpose-Built Accommodation
According to insights from Legal & General Investment Management’s Rob Martin, alongside global economist Dr. Rebecca Harding, at Fisher German’s annual property briefing, 2024 is shaping up to be a year of both challenge and chance for investors, with purpose-built accommodation leading the charge towards a more sustainable and profitable future. The Promise of Purpose-Built…