Latest News
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Rents – East Midlands Braces for the Biggest Leap by 2030
According to property firm Zero Deposit, residents of the East Midlands are facing a daunting forecast: the cost of renting a home in the region is set to soar at an unprecedented rate. With predictions outpacing every other region in the UK, the climb in rents is a looming concern for many. By the end…
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Good News for Landlords as Mortgage Rates Hit a New Low
The latest data from Moneyfactscompare.co.uk reveals a dip in fixed rates for both two-year and five-year BTL mortgage terms. For the first time in over a year, landlords are witnessing a significant drop in the rates for fixed buy-to-let mortgages. If we’re talking numbers, the average fixed rates across both two-year and five-year terms are…
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The Future of Renting – Build to Rent Booms in the UK
The latest analysis from Foxtons, a leading estate agency, highlights the BTR sector’s continuing rise. As of now, BTR homes represent almost 2% of all privately rented properties nationwide, a figure that climbs to a remarkable 4.2% within London. This proportion is the highest since records began in 2018, underscoring the sector’s growing appeal among…
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Coventry Building Society Joins Rate Hike Bandwagon
Coventry Building Society has announced an imminent increase in its mortgage rates. This decision places additional pressure on aspiring homeowners, particularly at a time when many are already grappling with the rising costs of living. Starting from tomorrow, Coventry Building Society will elevate rates for all new residential and buy-to-let products aimed at new borrowers.…
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Will Harrogate House Prices Climb in 2024?
Nestled in the heart of North Yorkshire, Harrogate stands out as a gem among towns, celebrated for its unique blend of independent boutiques, cosy cafes, and gourmet restaurants. Its proximity to major cities like Leeds and York, coupled with its reputation as a safe and vibrant town, has made it a sought-after location for homeowners…
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Homeowners Stung by Surprise Property Devaluations
A troubling trend has emerged in the UK housing market, leaving many homeowners and potential buyers grappling with unexpected financial hurdles. Dubbed as ‘down valuations,’ this phenomenon is causing significant distress among those looking to remortgage their homes or step onto the property ladder. ‘Mortgage headaches’ are becoming more common as a growing number of…
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Housing Market Growth on the Horizon Despite Rising Rates
The dawn of the new year brought with it a wave of optimism across the UK, spurred by a significant dip in the cost of living in the latter part of 2023. This positive outlook was further fueled by unexpected strong wage growth, which, as reported in the fourth quarter of last year, surged to…
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Santander’s 5% Deposit Scheme for First-Time Buyers
Santander has announced a new offering: 95% mortgages on new-build homes. Until now, the hurdle of gathering a substantial deposit has been a significant barrier for many. Traditionally, Santander required a 15% deposit for new-build houses and an even steeper 20% for flats. However, starting from Tuesday, this will change dramatically. Both houses and flats…
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Virgin Money Launches New Mortgage Scheme
Virgin Money has just unveiled a new mortgage product in partnership with Own New, designed to make the dream of owning a new build home more achievable for many. Dubbed the “Rate Reducer,” this new offering is set to revolutionise how prospective homeowners can afford their future homes. Making New Homes More Affordable As of…
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The Best UK Cities for First-Time Buyers Unveiled
Buying your first home is a monumental step, filled with excitement, decisions, and a lot of financial planning. In the quest to find the perfect city for planting roots, The Co-operative Bank has done some homework for you. Their recent research delves into what makes a city ideal for first-time buyers, considering key factors such…