Latest News
-
Barclays, Santander Cut Mortgage Rates
Major banks like Barclays and Santander have slashed their mortgage rates, signaling a potential boon for UK homebuyers. This trend, initiated last week by HSBC and Halifax, continued with Barclays and Santander announcing substantial reductions. Santander Leads with Attractive Deals Santander has made a strong entry with an appealing sub-4 percent deal. This offer is…
-
Scottish Commercial Property’s Roller Coaster Ride in 2023
2023 proved to be a challenging year for Scottish commercial property investments. The total investment in this sector dropped significantly to £1.49 billion, marking a 34% decrease from the previous year. This downturn reflects the ongoing economic uncertainty impacting global and local markets. However, it wasn’t all doom and gloom. The year showed a stark…
-
Somerset is Top Spot for Landlords Finding Tenants
In the picturesque landscapes of Somerset, landlords are finding it remarkably easy to secure tenants, as revealed by recent research from Zero Deposit. Zero Deposit’s research assessed rental demand in each county by looking at the proportion of available rental properties that have already secured tenants. This method provides a comprehensive understanding of how quickly…
-
Major Rate Cuts and Easier Loans for Landlords
The UK’s buy to let (BTL) mortgage market is witnessing significant changes, with several lenders slashing their rates and relaxing lending criteria, offering landlords and investors new opportunities in the property market. Here’s a detailed look at what’s happening. Lower Rates and Relaxed Rules Paragon Bank is reducing its five-year fixed-rate buy to let mortgages…
-
Golden Opportunity in the Property Market for First-Time Buyers
The UK property market is presenting a unique chance for first-time buyers to get their foot on the property ladder. This viewpoint has been echoed by experts and key figures in the banking and property sectors, though opinions on the ease of accessing the housing market vary. A Bright Outlook from Property Experts Nathan Emerson,…
-
Rents Will be a Balancing Act for Landlords in 2024
Rightmove, a leading property platform in the UK, has recently released predictions indicating that landlords will face significant challenges in setting appropriate rent prices over the next year. This comes as the number of rental properties experiencing a decrease in asking rents has risen noticeably. Recent Trends in Rental Market In the latter part of…
-
Build to Rent Sector Thrives Despite Housing Market Challenges
The UK’s housing market has been going through some tough times, but there’s one sector that’s not just surviving, but thriving – the Single Family Housing Build to Rent (SFH BTR) sector. Let’s dive into why this part of the housing market is outshining the rest, even in these challenging times. Paul Staley, the managing…
-
Couple Invests £850k in More BTL Properties Amid Market Exit
In 2014, Claire and Simon Hancott’s journey into the world of property investment began modestly. Interviewed in Inews today, they tell how they sacrificed luxuries, eating baked beans on toast for three weeks, to scrape together enough for their first buy-to-let property. Fast forward to today, they boast a portfolio of 12 rental properties and…
-
CHL Mortgages Reduces Buy-to-Let Rates
CHL Mortgages has announced substantial reductions in their interest rates, specifically targeting the buy-to-let market. This change is particularly focused on their CHL 1 product line, designed for those with a clean credit history. It covers standard buy-to-let options as well as specialised types like small houses in multiple occupation (HMO) and multi-unit freehold block…
-
MFS Slashes Mortgage Rates
MFS (Market Financial Solutions), a lender since 2006, is adjusting the cost of borrowing. The rate cut applies to both fixed and variable rate products, encompassing a wide range of property types, including residential and commercial. New Rates and Products: A Focus on Flexibility and Support Paresh Raja, the CEO of MFS, emphasised that while…