Latest News
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Latest Rise in Rental Rates – Propertymark’s December Snapshot
As the festive season rolled in last December, wallets across the UK felt an extra pinch. According to Propertymark’s latest Housing Insight Report, a significant 35% of their members (property agents) reported a hike in rental prices. This rise in costs has left many tenants grappling with higher bills during what is already a financially…
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Quantum Mortgages Rolls Out Special 4.99% Rate for Property Investors
Quantum Mortgages has just unveiled a limited-time offer for investors. Dubbed the “Single Unit Exclusive Edition,” this mortgage product offers an attractively low interest rate of 4.99%, and it’s tailored for those looking to invest in single-unit properties. Key Features: Who’s It For? It’s specifically designed for the more seasoned property investors. But here’s the…
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Skipton Cuts Mortgage Rates
Skipton Building Society has announced a significant reduction in over 40 of its mortgage rates. Starting from 9:00 am today, Wednesday, 31st January, this change will encompass a wide range of Skipton’s mortgage products. The rate reductions are sweeping across Skipton’s product line, impacting both existing and new customers in the residential sector. This means…
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Bridging Finance – The Basics
The latest reports from the Association of Short Term Lenders are in, and they’re impressive: in the third quarter of 2023, bridging finance saw a record surge. Applications jumped over 8%, completions nearly 11%, and loan books expanded by more than 18% compared to the previous year. So, it’s a good time to cover the…
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January Sees Surprising Surge in House Prices
The UK’s housing market has kicked off the new year with a bang! House prices in January soared past expectations, showing the fastest growth since last October. This news comes as a breath of fresh air, especially after the rocky road the market traveled in 2023. Mortgage provider Nationwide has just revealed some eye-opening figures:…
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Keep Your Low Mortgage Rate When Moving Home – The Ins and Outs of Porting
In recent times, there’s been an increase in homeowners opting to ‘port’ their fixed-rate mortgages when moving to a new house. This strategy allows borrowers to carry their existing mortgage, with its potentially lower interest rate, to their new property. Given today’s climbing interest rates, often above 4%, this move can offer significant financial benefits.…
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Over-50s Joining the First-Time Buyers Club
There’s a growing trend of people over 50 years old buying their first homes. This surge in older first-time buyers (FTBs) is reshaping the traditional image of the housing ladder, with significant implications for both the market and financial services. Recent data from mortgage broker Tembo reveals a significant increase in the number of FTBs…
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Bristol’s Set to be UK’s Fastest Growing City
The bustling city of Bristol is set to leave the rest of the UK in its wake, with an expected economic growth of 8.9% over the next five years. This forecast, detailed in a report from commercial real estate giant Avison Young, highlights the city’s remarkable performance compared to the rest of the nation. What’s…
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New Sharia-Compliant Finance Solutions Now Available
Access Financial Services (Access FS) has teamed up with Nomo Bank to introduce a groundbreaking Sharia-compliant property finance option for the UK market. This collaboration marks a significant step forward in meeting the unique financial needs of customers from the Gulf Cooperation Council (GCC) who are eyeing residential properties or buy-to-let opportunities in the UK.…
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House Prices Dip but Market Revives
The UK housing market is showing signs of revival after a slight dip in prices, as revealed by the latest data from property giant Zoopla. Despite a minor decline in house prices at the end of last year, there’s a surge in buyer and seller activity, promising a dynamic market ahead. Let’s break down what…