Latest News
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Wirral’s Housing Market Defies UK Downturn
Wirral’s house prices climbed by 0.6% in November. This increase might seem modest, but it’s significant in the context of the overall UK property market. The average house in Wirral now costs £216,733, according to the Land Registry. This growth isn’t just a flash in the pan; over the past year, the Wirral’s property market…
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Watford House Prices Take a Tumble
House prices in Watford have seen a drop, outpacing the average decline in the East of England. House prices fell by 1.6 percent, a figure that stands out against the broader trend in the East of England, where the decline was a mere 0.2 percent. This dip in Watford was also sharper than the overall…
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TMW Unveils Buy-to-Let Rates Starting at 3.54%
In a bold move that’s set to shake up the buy-to-let mortgage sector, The Mortgage Works (TMW), Nationwide Building Society’s dedicated arm for property investors, has just announced a significant drop in its rates for new customers. With cuts of up to 0.15%, these new rates are not just a minor adjustment; they are among…
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Government Mulls 99% Mortgages to Boost First-Time Home Ownership
The UK government is considering a revolutionary plan that could see the introduction of 99% mortgages. This radical proposal, if implemented, would significantly lower the barrier for young individuals aiming to climb onto the property ladder. Prime Minister Rishi Sunak and Chancellor Jeremy Hunt are reportedly deliberating over this ambitious plan, aiming to target the…
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Mansfield’s New Scheme A Lifeline for Borrowers with Credit Issues
Mansfield Building Society has unveiled its new Credit Repair mortgage proposition. This initiative is specifically designed to assist borrowers in financial hardships improve their credit ratings. Targeting Past Credit Challenges Recognising the difficulties faced by individuals with a history of credit problems, such as missed payments, defaults, county court judgments (CCJs), or even bankruptcy, Mansfield’s…
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Home Sellers Get Six-Figure Profits
Homeowners in England and Wales typically reaped six-figure gains in 2023, when selling their properties, based on analysis by Hamptons. 2023’s home sellers, who had owned their properties for an average of nearly 9 years, enjoyed an average profit of £102,650 over their purchase price. This figure, though slightly lower than 2022’s £112,930 average, marked…
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New ‘Flex Together’ Mortgage for First-Time Buyers
Hinckley & Rugby Building Society has unveiled a new mortgage product, the “Flex Together” Joint Borrower Sole Proprietor (JBSP). This aims to offer a much-needed helping hand to those grappling with the escalating cost-of-living crisis. Key Features of Flex Together Mortgage Tailored Term Option Laura Sneddon, the head of mortgage sales at Hinckley & Rugby…
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Finding the Right Buyer – How Many Viewings Does It Take?
A study conducted by Quick Move Now, a prominent player in the property scene, has revealed that on average, a property in the UK takes about 16 viewings before it finds its new owner. This statistic is a vital insight for both sellers and buyers, highlighting the journey a property undertakes before changing hands. The…
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Homeowners, Get Ready to Sell
In the dynamic property market of 2024, homeowners pondering a move are in a unique and powerful position, according to a property expert writing in The Negotiator. The traditional wisdom has always pointed to spring as the prime time for selling homes. However, a fresh trend is emerging: listing properties earlier in the year is…
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Mortgage Rate Cuts Nearing an End, Experts Caution
Recently, there’s been a fierce competition among mortgage lenders in the UK, leading to a significant drop in mortgage rates. Since the start of the year, over 50 lenders have slashed their residential rates. This trend was fueled by expectations that the Bank of England would reduce the base rate once inflation was under control.…