Latest News
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Super Prime Rentals Rocket in London’s Prime Areas
The number of super prime tenancies has seen a significant boost, with a 10% increase in 2023. This growth marks a resurgence in the most prestigious segment of the UK rental market, according to recent findings from Knight Frank research. Super prime tenancies are essentially the crème de la crème of rental properties. They’re classified…
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Rent Rises Continue – London and North West Lead
Renters in Greater London are facing a new challenge as the cost of renting has climbed by 1.8% just in January. This increase has pushed the average rent in the capital to a whopping £1,968. It’s not just Londoners who are feeling the heat. Renters in the North West have seen a 1.5% increase in…
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New Mortgage Deals for Energy-Efficient Properties
Paragon Bank has unveiled a range of new mortgage options specifically designed for buy-to-let landlords with energy-efficient properties. Paragon Bank’s latest venture introduces five-year fixed-rate mortgage products, catering exclusively to buy-to-let landlords. What makes these mortgages stand out is their focus on properties with high energy efficiency ratings. These “green” properties, identified by their A-C…
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Report Suggest Short Term Let Yields are Booming
An analysis of England’s 30 most popular holiday destinations has unveiled an a potential opportunity for property investors. This research, tapping into the 2021 Census data, not only delves into the sales premium of holiday homes but also sheds light on the rental income potential in these areas. Out of the myriad of properties across…
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Major Lenders Slash Mortgage Rates Ahead of BoE’s Crucial Decision
Several major lenders in the UK have decided to cut their mortgage rates just before the Bank of England (BoE) announces its latest decision on interest rates this Thursday. Halifax, one of the UK’s largest mortgage lenders, has taken a bold step by reducing its mortgage rates by a substantial 0.53 percentage points, starting from…
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Lancashire Hotspots Where House Prices are Still Rising
Lancashire has emerged as a champion in the UK’s property market, with three areas in the county soaring to the top of the list for house price increases. House-selling website Zoopla has identified Rossendale, Blackburn with Darwen, and Burnley as the top performers in the country for house price growth over the past year. This…
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UK Build to Rent had £4.5 Billion Investment in 2023
The UK’s Build to Rent (BTR) market has recorded its second highest year of investment in 2023, amassing a whopping £4.5 billion. This figure, hot on the heels of the 2022 record of £4.6 billion, showcases a robust and expanding sector. What’s even more striking is the remarkable surge in Single Family Housing (SFH) investments,…
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First-Time Buyers Find Relief as Deposit Costs Tumble
Recent data has revealed a substantial drop in the average deposit required for first-time buyers. This promising shift offers a glimmer of hope for many who are navigating the challenging terrain of the property market. According to a report from Halifax, one of the UK’s leading mortgage lenders, the average deposit needed to climb onto…
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North East Defies UK Housing Slump
While most of the UK braces for a drop in property values, the North East region emerges as a beacon of growth in early 2024. According to the home moving quote service, reallymoving, the North East is not just holding steady but actually witnessing a significant increase in property prices. The first quarter of 2024…
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Mortgage Approvals Jump 25% in December
Mortgage approvals in December 2023 witnessed a significant jump of 25.6% compared to the same month the previous year. This indicates that homebuyers are adjusting to the new reality of higher mortgage rates. The Bank of England’s latest Money & Credit data reveals that December saw 50,459 mortgages approved, a notable rise from 40,186 in…