Latest News
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UK Property Market Sees Rising Buyer Demand
Homebuyers, spurred by more accessible mortgage rates and a backlog of demand, are flocking to the market in droves, marking an 11% increase in demand over the same period last year, according to the latest figures from Zoopla. This uplift isn’t confined to any single region; it’s a UK-wide phenomenon. Yet, it’s London that’s stealing…
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NatWest Mortgage Rates on the Rise
NatWest has announced a significant update to its mortgage rates, affecting new and existing customers alike. Starting from today, 16th February, those looking to secure a new mortgage or remortgage their property with NatWest will find themselves facing higher interest rates. If you’re in the market for a new mortgage, brace yourself for an increase…
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Mortgage Rate Hike from Virgin
Virgin has announced increases in its mortgage rates, adding up to 0.39% to both residential and buy-to-let mortgages. Alongside this, they have rolled out new mortgage options that blend the best of both worlds for borrowers looking for stability and flexibility. In a bid to offer more adaptable financial products, Virgin introduced the Fix and…
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House Prices and Mortgages – What a Recession Means for You
In recent news, the UK has officially plunged into a recession, as confirmed by the latest figures from the Office for National Statistics (ONS). With the economy contracting by 0.3% in the last quarter of 2023, concerns are rising about how this economic downturn will impact house prices and mortgage rates. Understanding the Recession First…
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Oxford’s Housing Market Takes a Tumble
Oxfordshire’s housing market has seen a significant downturn, according to the latest figures from the Land Registry, with a 7.4% annual decline marking a worrying trend for homeowners and potential buyers alike. December was a harsh month for Oxford’s housing market. The average property price fell to £434,370, showing a steep 9.6% decline from November.…
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Preston’s Property Prices Rose in December
As we wrapped up the last month of the year, Preston’s housing market showed a promising increase, contrasting with broader trends across the UK. In December, Preston witnessed a 1.8% climb in house prices, a figure that, while modest, signifies a continuous upward trajectory in the local property market. This increment pushed the average house…
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Airbnb Sets Sights Beyond Horizons with £4.8bn Revamp Plan
Airbnb, the household name for holiday rentals, is taking bold steps to redefine its future with an eye-catching £4.8 billion share buyback announcement. This move comes as part of its ambitious strategy to branch out into realms “far beyond travel,” signaling a new era of growth and diversification for the company. In what can be…
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Mortgages – How the Latest Inflation Figures Impact You
Homeowners and prospective investors have been on a rollercoaster ride, thanks to recent shifts in mortgage rates by some of the UK’s largest lenders. The market has seen a mix of ups and downs, with announcements that could impact your pocket directly, especially if you’re in the market for a new home or trying to…
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From Washing Machines to Wealth – The Landlord Expanding His Empire
Inews today features a success story that began in the 1990s with renting out washing machines. Anthony Wheatley today has ownership of over 150 properties and is set on further expanding his portfolio, defying the current trends that have seen many landlords bowing out due to the harsher climate of the buy-to-let sector. Humble Beginnings…
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Mortgage Cuts for Landlords – Paragon’s New Deals
Paragon Bank has rolled out a range of mortgage offers specifically designed for those looking to invest in the buy-to-let sector. With reductions reaching up to 35 basis points and the introduction of their lowest rates in over a year and a half, Paragon is making waves in the mortgage market. Paragon Bank’s latest campaign…