Latest News
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Boxing Day Bonanza – Property Listings Surge
The UK’s property market saw a remarkable surge this Boxing Day, with Rightmove reporting a record-breaking number of new property listings. This significant increase indicates a potential shift in the housing market as we step into 2024. Rightmove, the largest online property portal in Britain, experienced an astounding 26% increase in new seller listings compared…
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Fixed Mortgage Dilemma – Two or Five Years?
For many in the UK, the decision to buy a property or remortgage comes with a crucial choice: should they lock in their mortgage rate for two or five years? This decision has far-reaching financial implications, potentially saving or costing thousands of pounds. Last year saw a significant shift in borrower preferences. While five-year fixed-rate…
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HSBC Fires Up Mortgage Rate War – New Deals Under 4%
HSBC has joined the fray in the mortgage rate-cutting war, rolling out deals that dip below the 4% mark. This step aligns HSBC with other leading lenders in a trend that could mean substantial savings for homeowners. HSBC’s announcement on Wednesday marked a pivotal moment in the UK mortgage scene. The bank is slashing interest…
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Scotland and Northern Ireland Lead the Way in 2023’s Housing Market
Scotland and Northern Ireland have been crowned the year’s house price winners, outperforming their neighbors, England and Wales. Benham and Reeves, a London lettings and estate agency, conducted an in-depth analysis of house price growth across the UK. Their findings highlight Scotland’s impressive performance, with an average increase in house prices of 3.6%. This growth…
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London’s Prime Rental Market Rising
The rental market in London’s prime areas is showing signs of recovery after a turbulent period caused by the pandemic. This recovery is marked by changing trends in rental value growth, new listings, and yields, according to the latest data from Knight Frank. In 2023, the growth of rental values in both Prime Central London…
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Mortgage Market Set for a Comeback in 2024 After Tough Times
The UK’s mortgage market has faced a challenging period, with mortgage approvals taking a significant dip in 2023. However, there’s a silver lining on the horizon as experts predict a rebound in 2024. According to analysis by GetAgent, a leading comparison website, there was a notable drop in the number of mortgages approved in 2023.…
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Cracking the Code of Estate Agent Speak
Recent polling by IPSOS reveals a startling fact: only 28% of UK respondents trust estate agents. This figure places them above only politicians and journalists in trustworthiness. Such skepticism isn’t new. Back in the 1980s, the estate agent industry was notorious for its lack of standards and unethical practices. However, times have changed, and the…
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Avoid These London Property Pitfalls in 2024 – Expert Tips for Homebuyers
Buying a home in London can be an exciting but daunting task, especially in the current economic climate. As we step into 2024, it’s crucial for homebuyers to make informed decisions to avoid costly mistakes. The Standard complied a breakdown of expert advice on the types of properties you should steer clear of in the…
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LendInvest Reduces Buy-to-Let Rates
LendInvest Mortgages has announced a significant reduction in their buy-to-let mortgage rates. The rates have been slashed by up to 0.80%, with new starting rates as low as 3.79%. They have also enhanced their support for more complex buy-to-let scenarios. This includes facilitating loans of up to £1.5 million for large Houses in Multiple Occupation…
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London Housing Market 2024 – To Sell or Not to Sell?
The London housing market has always been dynamic and ever-changing. As we look ahead to 2024, many homeowners are grappling with the decision of whether to put their properties on the market or wait out the current economic and political uncertainties. The Standard published a guide, drawing on insights from seven leading industry experts, that…