Latest News
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North East a Goldmine for Budget-Friendly Property Investments?
A recent analysis by Molo, a mortgage lender, has highlighted the North East as a standout area for investment potential. This region is home to four of the top five most affordable regions in England and Wales, each offering strong rental yields. Hartlepool and Stockton-on-Tees Leading the pack are Hartlepool and nearby Stockton-on-Tees. Here, you…
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House Prices Up 1.7% but Predicted to Drop
The UK’s largest mortgage lender, Halifax, has reported a continuous rise in house prices for the past three months. In December, there was a 1.1% increase, following a 0.6% rise in November and a 1.2% hike in October. As a result, the average UK home now stands at a value of £287,105, which is £3,000…
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UK Mortgage Rates – A Continuing Downward Trend?
Recent weeks have seen mortgage rates start to ease, driven by a combination of positive economic data, increased house sales, and the growing belief that interest rates have hit their peak. This change is especially significant for the average two-year fixed mortgage, which has dropped from a 15-year high of 6.85% in August 2023 to…
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UK’s Mortgage Price War Brings Sub-4% Deals!
Top lenders are engaging in a competitive rate-cutting spree. HSBC and First Direct are now offering enticing sub-4% mortgage deals, including a 10-year fixed option. This move marks a dramatic change from the fluctuating mortgage rates seen over the past two years, providing potential stability for homeowners. First Direct has announced sweeping rate cuts across…
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Cashback and Lower Rates – Kensington’s New Mortgage Offers
Kensington is introducing a cashback offer on all its residential and buy-to-let (BTL) mortgages. This isn’t just a select few products; it’s the whole range, including those for limited companies. The deal offers a minimum of £250 cashback on all these mortgage types until the end of January 2024. Now, what does this mean for…
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Edinburgh and Glasgow Top the Charts for Property Investment
Edinburgh and Glasgow, the two largest cities in Scotland, have clinched the top spots in Colliers’ latest ranking of the UK’s most investment-worthy cities. This biannual report is important in the property sector, showing us where the smart money is heading in the world of residential investments. Edinburgh’s Triumph Edinburgh isn’t just Scotland’s capital; it’s…
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Homebuyers Eye Discounts as Sellers Re-Enter Market
The beginning of 2024 has brought with it a rush of sellers re-entering the UK property market, offering discounted prices to eager homebuyers. A recent study by Yopa, a well-known estate agent, highlights this trend, providing a glimmer of hope for those looking to purchase homes at more affordable rates. Yopa’s research focused on properties…
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Mortgage Approvals Hit Five-Month Peak
In what’s being seen as a positive shift for potential homebuyers, the UK has witnessed an increase in mortgage approvals. According to the latest data from the Bank of England, approvals in November soared to a level not seen in five months. This development suggests a renewed vigour in the property market, largely attributed to…
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Holiday Lets – New Mortgage Platform Launches
Holiday Cottage Handbook (HCH) and HD Consultants have joined forces to launch a new platform offering specialised mortgages for holiday let properties. This collaboration aims to simplify the process for those looking to invest in holiday homes, a market that has seen growth in recent years. HCH Financial Services, the newly formed entity, is looking…
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Homebuying Warmed Up in England in Q4 2023
As 2023 wrapped up, a subtle yet promising change swept across the English housing market. In the last quarter (Q4) of the year, a slight uptick in buyer demand was observed, hinting at a potential shift in the mood. In Q4 of 2023, England experienced a 0.3% increase in buyer demand compared to the previous…