Latest News
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The Shrinking Advantage of Big Mortgage Deposits
In recent years, the UK mortgage market has seen a change: the difference in mortgage rates for those with large deposits versus those with smaller ones is getting smaller. This trend means that while having a big deposit can still get you a better rate, the financial advantage isn’t as significant as it used to…
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New Rules for Welsh Holiday Homes, Safety and Standards in Focus
Welsh holiday homes are about to see a significant change as the government introduces new licensing rules aimed at enhancing safety and improving visitor experiences. Wales is set to enforce a compulsory registration and licensing system for all holiday homes. This new legislation, expected to be passed in the Senedd before the year’s end, is…
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Property Hunters’ Wishlist – Garages, Gardens, and Pets Top the List in 2023
In the UK property market, understanding the desires and priorities of homebuyers and renters is crucial for investors. The 2023 brought some interesting insights into what people are looking for in their ideal homes. The data from Rightmove’s keyword tool for 2023 has provided a clear picture of what UK homebuyers prioritise. Topping the list…
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Huddersfield’s Housing Market Soars
Huddersfield, a town in West Yorkshire, is witnessing a remarkable surge in house prices. According to estate agent Rob Assi, homes with modern and stylish decor, like a two-bedroom house in the village of Golcar near Huddersfield, are particularly in demand. This trend is exemplified by the experience of Anna Potocki and Toni Haigh, featured…
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Pepper Money Reduces Mortgage Rates
Pepper Money has announced a significant reduction in its mortgage rates. This change is set to benefit a wide range of customers, particularly those looking to secure a mortgage with a smaller deposit. Pepper Money has made a sweeping change by reducing rates across its entire product range. The cuts are as substantial as 0.98%,…
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Big Mortgage Rate Cuts at Coventry for Intermediaries
Coventry for Intermediaries has recently announced a significant reduction in all its fixed mortgage rates. This change is set to benefit a wide range of customers, including those looking to buy a new home or those considering remortgaging their existing property. Dramatic Drops in Rates The most notable change includes reductions of up to 0.57%…
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First-Time Homebuyers Get a Little Help from Government Schemes
According to a revealing survey by Uswitch, a staggering 50% of first-time buyers in the UK made their way onto the property ladder thanks to government initiatives. The First Homes Scheme stands out as the superhero here, aiding 36% of the surveyed buyers in their journey to homeownership over the past two years. First Homes…
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US Housing Market Braces for Price Drops in Major Cities
Zillow has forecast that house prices are set to tumble in several of America’s largest cities. By the end of November 2024, they predict a decline in 34 out of the 50 biggest US cities. This shift in the housing market is a significant one, considering the usually robust nature of these urban hotspots. What’s…
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Unite Group’s Record Demand for Student Beds Signals Bright Outlook
The Unite Group, a prominent name in the UK’s student accommodation sector, has kicked off 2024 with a bang, recording unprecedented demand for student beds. This surge reflects the company’s continued appeal and the enduring strength of the student housing market. Unprecedented Demand for Accommodation As of now, Unite Group boasts an impressive 71% of…
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Light at the End of the Tunnel – Persimmon’s Strong Quarter
Persimmon, one of the UK’s leading housebuilders, has recently shared some unexpected good news. Despite the challenges faced in the property market, the company surpassed expectations in the last quarter of 2023. This success comes amid falling mortgage rates, which played a crucial role in boosting property sales. Sales and Challenges In 2023, Persimmon sold…