Latest News
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Crest Nicholson’s Profit Plunge – Tough Year Ahead for UK Housebuilder
Crest Nicholson, the Surrey-based housebuilder, has announced a significant cut in its profit outlook for the third time in just six months. This decision, driven by escalating costs and unforeseen legal challenges, paints a concerning picture for the company and the broader housing sector. Escalating Costs at Brightwells Yard At the heart of Crest Nicholson‘s…
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Landlords Shield Assets from Rising Rates, Set Up Record Number of Companies
Landlords across Britain have been rapidly setting up limited companies to manage their buy-to-let properties. This move is seen as a strategy to protect themselves from the financial strain of higher interest rates. According to the latest data from Hamptons, a record-breaking 50,004 new limited buy-to-let companies were established in 2023, a 3% increase from…
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House Prices Set to Rise by 3% in 2024 – Knight Frank
After a challenging 2023 with falling house prices, Knight Frank, a global property consultancy, has some unexpected news. They’re revising their predictions for the UK housing market, now expecting a 3% rise in house prices for 2024. This is a significant turnaround from their earlier forecast of a 4% drop. What’s driving this change? A…
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UK Property Prices and Activity Increase in January – Rightmove
The UK’s property market has kicked off 2024 with an increase in activity and asking prices, as reported by Rightmove. This January, we saw a significant 1.3% month-on-month rise in property asking prices, marking the most considerable jump for this period since 2020. The average listing price for newly marketed homes nearly hit £360,000. Despite…
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Home Improvements that Make Your House Harder to Sell
Selling your home in today’s market is no small feat. With property sales dipping 10% since pre-Covid times, it’s crucial to understand what features might turn potential buyers away. The Daily Mail has a guide, drawn from property experts’ insights, to help you avoid common pitfalls and make your home more appealing to buyers. The…
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Aldermore Cuts Rates for Homebuyers and Landlords
Aldermore Bank has just announced considerable reductions in their mortgage rates. Starting from Tuesday, 16th January, the lender is implementing a 0.50% cut across both its residential and buy-to-let mortgage products. Residential Mortgage Changes For those looking to buy their own home, Aldermore’s rate reduction is particularly good news. The bank has slashed the fixed…
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Newbury Building Society Slashes Buy-to-Let Rates
Newbury Building Society has announced a new range of improved buy-to-let products. Let’s break down exactly what these changes mean: Geographical Availability These products are not just limited to a specific area; they’re available across England and Wales. However, if you’re an expat, take note: these products are not available to those living in an…
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UK Borrowers Eye New Mortgage Deals in 2024
Over a third of UK borrowers are actively considering switching to a new mortgage product this year. This significant interest in the mortgage market, as uncovered by NerdWallet UK, signals a shift in the housing finance landscape for 2024. The findings from NerdWallet UK’s research are eye-opening. An impressive 36% of borrowers are contemplating a…
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Housing Market Takes a Dip in LE19, Buyer’s Paradise Emerges
The latest house price figures have revealed a striking trend in Leicestershire, particularly in the LE19 area, encompassing Narborough, Enderby, New Lubbesthorpe, and Littlethorpe. This region is witnessing the fastest decline in property values across Leicestershire. While this news may be unsettling for current homeowners, it’s shaping up to be an opportunity for prospective buyers.…
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Edinburgh’s Housing Market Ups and Downs
Edinburgh’s housing scene is nothing short of a rollercoaster. With a market that’s more unpredictable than the Scottish weather, it’s no wonder buyers and sellers are left scratching their heads. Demand is soaring, yet supply can’t keep up, creating a whirlwind of challenges for those looking to buy a home in Scotland’s capital. Amidst this…