Latest News
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NatWest Reduces Mortgage Rates by 0.6%
NatWest has announced cuts of up to 0.60% on its mortgage rates This means lower monthly repayments for borrowers, and some of the biggest savings are on buy-to-let mortgages. For example, the two-year fixed rate for a 75% LTV buy-to-let purchase mortgage has been slashed from 4.76% to a much more attractive 4.16%. That’s a…
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Ayrshire House Prices Rise Above National Average
Good news for Ayrshire homeowners! House prices in the area have gone up by more than the rest of Scotland, new figures show. Could this be a sign of a property boom in the area? Across Scotland, the average house price in July was £225,113. That’s 1.9% higher than July last year. But in Ayrshire,…
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Wigan House Prices Dip in July but Up 3.9% Over the Year
House prices in Wigan took a little dip last month, but don’t worry, experts say it’s nothing to be concerned about. The average house price in Wigan fell slightly in July, down 1.3% to £190,999. This follows a trend across the North West, where house prices generally remained steady. Across the UK as a whole,…
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Oxford House Prices Soar as Buyers Face £475k Average
Dreaming of a house in Oxford? Get ready to dig deep as prices rocket! House prices in Oxford shot up by 3.1% in July alone, outpacing the South East average and leaving buyers staring down the barrel of a £475,247 average property price. This latest jump adds to the already eye-watering increases seen over the…
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Aspen Bridging Slashes Rates and Offers Bridge-to-Let Deals
Aspen has just announced a major rate cut across its entire range of bridging loans – some by as much as 0.6%! This means you can now access flat rates from 0.85% per month. If you prefer a stepped rate, they start from a tiny 0.59% per month, eventually moving up to 1.25% per month.…
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Mortgage Rate Cuts as Investec Slashes Prices
Luxury lender Investec has announced big mortgage rate cuts for high earners – and some landlords will benefit too. Investec Bank has launched a new mortgage deal for borrowers with a 40% deposit (60% loan-to-value). And that’s not all. The bank has also cut rates across its range of fixed-rate residential and buy-to-let mortgages. Variable…
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Family BS Cuts 5-year Fixed-Rate Buy-to-Let Mortgage to 4.59%
Family Building Society has announced a reduction for landlords looking for a five-year fixed-rate buy-to-let mortgage. The society has cut the rate by up to 0.3% (that’s 30 basis points in mortgage jargon) and made it easier to qualify for a mortgage with them. Here’s the headline news: Darren Deacon, in charge of sales at…
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Over 70s Mortgages on the Rise
Older borrowers are taking out a record number of mortgages, with nearly £2 billion borrowed in the last year. But is this a good idea? New figures show that more and more people over the age of 70 are taking out mortgages, with a record £2 billion borrowed in the year to April. This is…
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First Time Buyers Saving for a Decade to Get on the Property Ladder
First-time buyers face years of scrimping with average deposits now over £10,000 Trying to buy your first home? Get ready for a long wait! A new report reveals that first-time buyers are now facing almost a decade of saving just to afford a deposit. The Home Builders Federation (HBF) has released a report called “Broken…
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Pension Fund Giants Pump £1 BILLION into UK’s Build-to-Rent Market
One of the UK’s largest pension funds, Nest, just injected £1 billion into build-to-rent properties. Here’s the deal: Why this matters to YOU: The Big Players: Elizabeth Fernando, Nest’s chief investment officer, highlighted the two-pronged benefit: “By building more properties, we can extend to our members a great investment opportunity while helping to meet this…