Latest News
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UK Home Buyers Lose Interest in New Builds?
Recent data has revealed a trend in the UK property market: a consistent decline in interest towards new build properties over the past three years. This insight, gathered from UK conveyancing solicitors Bird & Co, highlights shifting preferences in the real estate sector, especially among home buyers in 2023. The data, a detailed analysis of…
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London’s Rental Market Sees More Choices for Renters
As we wrapped up December, there was a 24% drop in the number of people looking to rent, which is quite typical for that time of year. This wasn’t just a one-off – throughout 2023, there was a 12% dip in rental demand compared to 2022. The real change started in July, marking a return…
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The State of London’s High-End Market in 2023
In 2023, London’s residential market for properties valued over £5 million experienced a slowdown. Despite this, sales remained significantly higher than the average seen before the pandemic hit. A comprehensive market analysis by Savills revealed that there were 526 sales of both new builds and second-hand properties in this price bracket during the year. Although…
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Inflation Rise Hits UK Housing Market – Prices Set to Drop
The UK’s housing market is bracing for impact as inflation rates continue to rise, defying earlier expectations. Experts from Propertymark, a leading property trade body, have warned that a decrease in house prices is now inevitable. The statement from Propertymark suggests that the persistent high inflation is a major player in the imminent drop in…
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The Risks and Rewards of Buying Property at Auction
Buying a property at auction can be a thrilling and daunting experience. Unlike traditional property purchases, when the gavel falls at an auction, you’ve officially exchanged contracts, committing you legally to complete the purchase, usually within 28 days. The exact terms are set by the auction house. This process can be intimidating for bidders, as…
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Zephyr Homeloans Cut Rates on Buy-to-Let
Zephyr Homeloans has cut the interest rates on its mortgage products. The company has announced substantial cuts in their fixed mortgage rates, making these loans more affordable and appealing. Here’s the breakdown: Special Rates for Energy-Efficient Properties Zephyr Homeloans is offering special rates for properties with good energy efficiency. Properties with an Energy Performance Certificate…
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TMW Reducing BTL Mortgage Rates
The Mortgage Works (TMW) has announced a substantial reduction in mortgage rates, effective from today, Wednesday 17 January. This change promises to make a big difference for both new and existing customers, with cuts of up to 1.20%. The new rates now start at a competitive 3.69%. New Deals for Buy-to-Let Customers TMW has focused…
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ONS Rental Prices – December 2023
The latest ONS data on UK private housing rental prices reveals significant hikes across the country. In the last 12 months leading up to December 2023, private rental prices in the UK have seen an increase of 6.2%. This figure mirrors the annual percentage change observed in November 2023. It’s important to note that this…
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ONS House Price Index – November 2023
Recent data from the Office for National Statistics has highlighted a decrease in average UK house prices. Over the 12 months leading up to November 2023, there’s been a 2.1% drop in house prices. This decline is steeper than the 1.3% decrease observed in the 12 months to October 2023. What’s the Average Price Now?…
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£10,000 Boost for Green Heating – Heat Pump Scheme Heats Up
Great news for homeowners! You could get up to £10,000 to help installing a heat pump in your home. This comes as part of a new scheme that encourages the switch from traditional gas boilers to more eco-friendly heating methods. Here’s the breakdown: Worcester Bosch, a leading heating system manufacturer, is offering an additional £2,500…