Latest News
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Buying a Home vs Renting in Today’s Market
According to the latest analysis by Hamptons, opting to buy a property with just a 10% deposit has proven to be £9 cheaper per month than renting, on average. This marks the first time since May of the previous year that an average single renter finds themselves in a less favourable financial position monthly compared…
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Young Brits Embrace ‘House Hacking’ to Beat the Housing Crunch
Young homeowners are now turning to a savvy strategy known as ‘house hacking’ to keep up with mortgage payments in these financially challenging times. This innovative approach is becoming a lifeline for many, particularly for those stepping onto the property ladder for the first time. The Telegraph featured David*, a 32-year-old office manager, who is…
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Skyrocketing Rents – What’s Next for Landlords in 2024?
In 2023, renters across the UK felt the pinch as average monthly rents soared by a staggering 10.2%. This rise equaled the total increases seen from 2016 to mid-2020, leaving renters with a hefty extra £343 per month. Experts from Hamptons highlight this as an unprecedented surge, with most landlords and tenants experiencing such a…
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Breakthrough in Mortgage Deals – A Flexible 5-Year Plan With 2-Year Exit Option
Virgin Money has launched an innovative five-year fixed mortgage deal. What’s unique about this offer? It allows customers the freedom to exit the deal after just two years without any fees. This marks a significant shift from traditional mortgage loans, which typically bind borrowers to fixed costs for a set period and penalise them for…
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House Prices in Wales Hit Lowest Since 2009
House prices in Wales have plummeted, marking their most dramatic drop since the financial crisis of 2009. As of the end of 2023, the average house price stood at £234,000, a 6% decrease from the record highs seen just a year earlier. This downturn represents not just a momentary dip but a consistent trend, with…
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London Housing Market Sees Surge in Demand and Falling Prices,
The London housing market is currently experiencing a significant shift, presenting a golden opportunity for potential buyers. According to a recent report, demand for homes in London has skyrocketed by 21% since January, marking the most opportune moment to purchase a property in the city since 2016. But experts caution that this window of opportunity…
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Record High Rents Outside London, Growth Slowing as Tenants Reach Affordability Limit
Tenants outside of London are now facing a new challenge: record-high rental prices. According to the latest data from Rightmove, the average asking rent for new properties coming onto the market has soared to a staggering £1,280 a month for those living outside the capital. This figure marks a new peak in the rental market,…
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Glasgow Tops UK’s Buy-to-Let Hotspots!
Glasgow has emerged as the UK’s leading city for buy-to-let property investment, experiencing the most significant growth over the past year. This bustling Scottish city is outperforming its rivals in attracting landlords, as per the latest findings by Simply Business. Notably, Glasgow witnessed an impressive 12% increase in buy-to-let properties. Nottingham and Leeds Follow Suit…
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The Risks and Rewards of Rent Guarantee Schemes
Are you a landlord tired of the hassle and uncertainty of rental income? Rent guarantee schemes, also known as “rent-to-rent,” promise a steady cash flow without the need for direct property management. Sounds like a dream come true, right? But hold on – there’s more to these schemes than meets the eye, and it’s crucial…
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Property vs Stock Market Investments in 2024
Are you sitting on a £100,000 windfall and wondering whether to dive into the property market or ride the stock market waves? In 2024, this question is more relevant than ever. Both paths to wealth are lined with risks and rewards, and it’s crucial to understand what you’re getting into. The Property Path – Is…