Latest News
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UK Housing Market at a Turning Point
Tom Bill, an expert in UK residential research, has shed light on the recent developments that are shaping the future of property transactions in the country. Inflation, which affects the overall cost of living including how much people pay on their mortgages, has seen a significant drop. This has led to a decrease in mortgage…
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Rental Rush – Tenant Demand Soars Again
According to the latest findings from Paragon Bank, the end of 2023 saw a significant spike in tenant interest. Six out of ten landlords have reported an increase in tenant interest in the last quarter alone, signaling a competitive market as we step into the new year. Digging deeper, over a third of property owners…
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Hope Capital Reduces Residential Loan Rates
Hope Capital has announced sweeping changes to its residential loan offerings, introducing lower rates and streamlining its internal processes for faster, more efficient service. Hope Capital has overhauled its residential lending criteria, resulting in substantial rate reductions across the board. In a move that will be welcomed by homeowners and prospective buyers alike, the company…
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Landlords Face Tax Squeeze – How to Boost Profits Despite Rising Taxes
As we step into a new tax year this April, landlords across the UK are bracing for a significant hit to their earnings. The capital gains tax (CGT) allowance, a critical figure for anyone selling buy-to-let properties or other investments, is undergoing yet another reduction. Only last year, landlords could enjoy a CGT allowance of…
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Gen H Cuts Rates for First-Time Buyers
Gen H has announced a significant cut in mortgage rates. It has targeted the segment of the market most in need of support: first-time buyers and those with limited savings. The highlight of this round of rate reductions is the introduction of a five-year fixed rate mortgage at 95% loan-to-value (LTV), now more affordable at…
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Coventry Building Society Reduces Mortgage Rates for Homebuyers and Landlords
Coventry Building Society has announced sweeping reductions across its range of buy-to-let mortgages, with cuts going as deep as 0.40%. But it’s not just landlords who are set to benefit; prospective homeowners and those looking to move up the property ladder are also in for some good news, thanks to reduced rates on selected residential…
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Mortgage Market Uncertainty – No Promises for Lower Rates Despite Interest Rate Freeze
The CEO of Octane Capital, Jonathan Samuels, has issued a warning: don’t bank on mortgage rates dropping or even staying the same after the Bank of England’s latest decision to keep interest rates on hold. This news has rippled through the mortgage market, challenging the optimism that had been slowly building over the past year.…
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Nationwide Hikes Mortgage Prices as Bank of England Holds Steady
Nationwide, the UK’s largest building society, has announced a significant increase in its mortgage rates, coinciding with the Bank of England’s decision to maintain its base rate at 5.25%. This announcement has left many prospective and current homeowners evaluating the implications for their finances, especially in an economic climate that remains uncertain. Nationwide’s Rate Rise…
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Bank of England Holds Steady on Interest Rates – Impact on Mortgages Explained
The Bank of England has maintained its base interest rate at 5.25%. This decision marks the fourth consecutive pause since September, following a series of 14 rate hikes beginning in December 2021. Let’s break down what this means for you, especially if you’re dealing with mortgages. The primary objective of increasing the base rate has…
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Mastering the Auction Game – Smart Strategies for Buying Your Dream Home
Buying a property at auction can be a thrilling and rewarding experience, but it requires a mix of preparation, strategy, and restraint. Unlike traditional property buying, auctions are fast-paced and can be highly competitive, making it easy for inexperienced bidders to get swept away in the excitement. But fear not! With expert advice and a…