Latest News
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Finding the Best Mortgage – Why Choosing the Right Broker Matters
In today’s competitive British mortgage market, finding the right mortgage broker is more than just a convenience – it’s a crucial step towards saving a substantial amount of money. With a mortgage price war currently underway, understanding the role of a mortgage broker and how to pick the right one can make a significant difference…
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Airbnb Gives Hosts Tax Guidance
Airbnb, the popular platform for short-term property rentals, is proactively assisting its UK-based landlords in understanding and complying with tax regulations. This initiative is part of Airbnb’s ongoing efforts to maintain a positive relationship with HM Revenue & Customs (HMRC). Compliance with HMRC Requirements From January 1, Airbnb has been obliged to share information about…
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More Lenders Slash Rates in Fierce Competition
Yorkshire Building Society (YBS) is reducing selected fixed rate mortgage deals by up to 0.65 percentage points. A particularly attractive offer from YBS is a five-year fixed rate mortgage for both purchase and remortgage, now standing at 3.99%. This deal is tailored for borrowers who can provide 25% equity or a cash deposit for purchases.…
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83% of Landlords Report Breached Agreements
83% of landlords have reported breaches in tenancy agreements. This data emerges from a comprehensive survey conducted by Direct Line, which involved 500 landlords during October and November of the previous year. The findings indicate a significant challenge in the landlord-tenant relationship, with a variety of breaches being commonplace. Common Breaches and Their Consequences The…
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UK Tenants See a Dip Rent in Prices
Recent data reveals that rental prices in the UK experienced a decline of 0.9% overall, with a striking 2.2% drop in Greater London. This decrease translates to a saving of about £50 per calendar month (pcm) for tenants. The data, provided by HomeLet, indicates a consistent fall in rental prices across various regions, with the…
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Strong Demand for New Homes Predicted
Knight Frank estate agency has noticed a trend. Despite tough economic times in 2023, buyers are still keen on new properties priced between £500,000 and £1m, especially in desirable locations. This “flight to quality” means that despite the challenges, there’s a significant demand for well-located, well-priced properties. Interestingly, buyer confidence picked up notably in the…
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Skipton Reduces Rates on 99 Products
Skipton Building Society has just announced a sweeping reduction in mortgage rates. Starting from 9:00 am today, Thursday 11th January, these cuts are poised to affect a wide array of mortgage products, benefiting both new and existing customers of the Society. Major Rate Cuts Across the Board In what appears to be a major overhaul…
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Foundation Home Loans Cuts Mortgage Rates
Foundation Home Loans has announced rate reductions across its mortgage range. This change, which encompasses both buy-to-let (BTL) and owner-occupied mortgages, offers an opportunity for borrowers to access more affordable financing options. Better Deals for Buy-to-Let Landlords Foundation Home Loans has introduced notable reductions in its buy-to-let Specials range. This is particularly beneficial for clients…
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Harrogate’s Housing Market Stays Steady in Tough Times
2023 was a rollercoaster year for residential property, filled with extreme ups and downs. Despite these challenges, the housing market has shown remarkable resilience, with prices in Harrogate remaining surprisingly stable. This stability is unexpected, especially considering the financial pressures faced by many. The Role of Fixed Rate Mortgages A critical factor in this stability…
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UK Property Hotspots -Sandbanks Leads with a 20% Rise
The property market in Britain is buzzing in some areas, and leading the charge is the luxurious Sandbanks, a coastal gem that has seen a staggering 20% hike in asking prices in just one year. This has crowned Sandbanks as Britain’s top property hotspot, with average asking prices nearly touching £2 million. Sandbanks, nestled along…