Latest News
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Tandem Bank’s Reduced Second Charge Mortgage Rates
Tandem Bank has cut the rates of its residential second charge mortgage products by up to 90 basis points (bps). This adjustment is not just minor tweaking; a reduction of up to 90bps can translate into significant savings for borrowers over the term of their mortgage. Special Incentives for Energy-Efficient Homes Encouraging Greener Living A…
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Dartford’s Housing Market Dips – Prices Tumble in November
Recent figures from the Land Registry indicate that the average house prices in the Dartford area have seen a decrease. November 2023 saw average prices in Dartford falling to £358,525, a sharp drop from the £367,044 recorded in October. This 2.3% decline is not just a monthly fluctuation; compared to the previous year, there’s been…
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Woking’s Housing Market Defies UK Trend
Woking has been spotlighted as a key area experiencing significant growth in house prices. This discovery comes from eXp UK, a platform for estate agents, which has conducted an in-depth analysis of data sourced from the Land Registry. The latest UK House Price Index (UK HPI) paints a somewhat gloomy picture of the national housing…
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Is February The Ideal Month to Sell Your UK Home?
February has emerged as the golden month for property sales. According to the latest analysis from Rightmove, homes listed in February not only find buyers faster but also stand the highest chance of being marked ‘sold subject to contract’. The statistics speak for themselves. Homes that hit the market in February take an average of…
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Granny Flats Boom – The Rising Popularity of Annexes
In recent months, there’s been a shift in the UK housing market, with a surge in demand for homes featuring self-contained annexes, or as they’re affectionately known, “granny flats”. This trend comes as a direct response to local councils intensifying their crackdowns on second homes. Purplebricks, a leading online estate agent, has reported a significant…
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Foxtons Optimistic for 2024
Foxtons, known as London’s largest estate agency, has recently shared a positive outlook for its business in 2024. The company attributes this optimism to a robust performance in the lettings market and a noticeable increase in homebuyer demand, spurred by more favorable mortgage rates. Rental Demand Skyrockets, Leading to Higher Rents 2023 witnessed a significant…
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Scottish Commercial Property – A Mixed Bag of Trends and Expectations
In Scotland’s commercial property market, recent data reveals a complex picture of subdued demand, varying trends across sectors, and a cautiously optimistic outlook for the future. Demand According to the latest report from the Royal Institution of Chartered Surveyors (RICS), the last quarter of 2023 witnessed a stagnant overall demand for commercial property in Scotland.…
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Shawbrook Reducing BTL Rates
Shawbrook Bank has just rolled out a series of significant rate reductions. This change affects a broad spectrum of their financial products, catering to various aspects of property investment. Here’s how these changes break down: Buy-to-Let Gets More Attractive Commercial Properties Also Benefit Bridging Loans – Short-Term Financing Made Cheaper Empowering Professional Investors Daryl Norkett,…
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Greenwich Property Market – Average Prices Drop by £10,000
Average house prices in Greenwich have taken a significant dive, falling by over £10,000 in just one month. This comes from the latest figures released by the Land Registry for November 2023. Greenwich’s average house prices in November 2023 stood at £414,055, a significant decrease from the £424,932 recorded in October. This represents a 2.6%…
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Nationwide Continues the Rate-Cutting Battle
Nationwide, Britain’s largest building society, has announced substantial cuts in its mortgage rates today. These reductions, up to 0.81 percentage points, span across various deals, including two, three, five, and ten-year plans. What stands out is their five-year deal, now available at an incredibly low 3.85 percent interest rate for those owning 40 percent of…