Latest News
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Remortgaging Boosts Activity in the UK Mortgage Market
The UK’s mortgage market is showing signs of life, thanks to a significant boost from homeowners choosing to remortgage. This surge is bringing a much-needed optimism to a sector that’s been craving a comeback, according to the latest findings from Octane Capital. Between October and December 2023, the mortgage market witnessed an encouraging increase in…
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New 99% Mortgage Scheme Planned by Government
Chancellor Jeremy Hunt is sketching out a plan to make the dream of home ownership a reality for more Britons, the FT reports. With a new 99% mortgage scheme on the drawing board, the Conservative party is sending a strong message: they stand firmly with those yearning to own their first home. A Bold Step…
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Buy-to-Let Hotspots in the UK Where Profit Waits
High interest rates and inflation are piling up the costs of holding properties, yet the robust growth in rental demand and prices offers a silver lining. However, this broad national overview masks the intricate patchwork of local markets, where the fate of landlords swings dramatically from city to city. The Daily Mail has produced a…
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Rent Rises – Will They Continue?
Over on the PropertyWire website, Alison Thompson, a leading expert in national lettings from the Leaders Romans Group, sheds light on the trends and predictions that could shape the future of renting in the UK. For decades, rent increases in the UK moved predictably alongside wage growth, usually keeping pace with inflation at a steady…
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Sell Your Home Without An Estate Agent
Moving home is not just a logistical and emotional challenge; it’s also a financial one. Among the myriad expenses homeowners face, estate agent fees stand out as particularly steep, often surpassing 3% of your home’s sale price. In the UK, where the average house price can result in fees around £8,550, that’s no small change.…
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Explaining the Mysteries of Leasehold Properties for First-Time Buyers
When you’re about to take the plunge and buy your first home, navigating the maze of property jargon can be daunting. But fear not! We’re here to break down the ins and outs of buying a leasehold property, making it crystal clear for those stepping onto the property ladder for the first time. What Does…
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Mortgage Market Squeeze – HSBC Stands Alone with Sub-4% Deals
HSBC has become the solitary source for borrowers seeking rates under 4%, following Santander’s recent adjustments to its loan pricing. This development underscores a tightening market, where affordable borrowing options are becoming increasingly scarce, highlighting the need for potential homeowners and those looking to remortgage to act swiftly. Santander’s Rate Hike Santander has adjusted its…
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TAB Launches Bridging Loans in Scotland
TAB, a property finance and investment house, has now extended its bridging loan services to Scotland. This development not only broadens TAB’s geographical footprint but also brings a new dimension to the Scottish real estate finance market. Historically concentrated in London and the South East, TAB’s decision to venture into Scotland is a strategic move…
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House Price Rollercoaster – Predicted 20% Surge Before 2026 Plunge
In an interview with the Daily Mail, Fred Harrison, the man who accurately predicted the last two downturns in the property market, has announced a new prediction. According to Harrison, the UK housing market is on the brink of a significant fluctuation, with prices expected to soar by 20% in the next couple of years…
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New Mortgage Options for Landlords – Zero Fees and Fixed Rates
Landbay has just rolled out two new, fee-free, five-year fixed-rate mortgage options for landlords. Aimed at offering competitive rates and increased flexibility, these new products could be a game-changer for those looking to buy or remortgage properties. The highlight of Landbay’s announcement is the launch of two fee-free mortgage products with a fixed interest rate…