Latest News
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26% of Landlords to Expand Their Portfolios in the Coming Year
Key points – A recent study conducted by Butterfield Mortgages has revealed some intriguing trends in the UK’s buy-to-let (BTL) market. According to this new research, an impressive 26% of private landlords across the UK are planning to increase their property portfolios over the next 12 months. This decision to expand comes at a time…
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UK Mortgage Borrowers Brace for Big Hike in Monthly Payments
Key points – The Bank of England has sounded the alarm for around five million mortgage borrowers in the UK. These borrowers are staring down the barrel of a significant hike in their monthly repayments – to the tune of an average increase of £240. The forecast is not just a short-term blip, it’s an…
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Sellers Slashing Prices to Lure Buyers
Key points – Sellers are increasingly slashing asking prices to attract buyers amidst a challenging property market. Recent research has shed light on a growing trend: hundreds of properties are seeing price cuts each week. The data, gathered at the end of November, indicates 959 properties per week (or 137 daily) reducing their asking prices.…
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Airbnb Says It’s Fueling UK’s Economy and Jobs
Key points – Airbnb, the popular home-sharing platform, isn’t just a convenient option for travelers; it’s a major economic engine for the UK. A new report reveals the significant impact Airbnb has on the UK’s job market and local economies. Transforming the Hospitality Landscape Airbnb’s unique model of offering short-term rentals has led to a…
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How to Sell Your Home at Christmas Without Losing Value
Key points – The festive season is upon us, and while it’s a time of joy and merriment, it’s also a crucial period for homeowners looking to sell their properties. However, what many don’t realise is that their well-intentioned Christmas decorations might actually be diminishing their home’s value. Striking the Right Decorative Balance Christmas brings…
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Skyrocketing Rents Leave UK Tenants Strained
Key points – In the UK, the cost of renting a home is rising at an alarming rate, surpassing even the pace of inflation. For many, this means digging deeper into their pockets to afford their homes. Rents vs Inflation The most recent data from The Deposit Protection Service (DPS) for the third quarter (Q3)…
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London’s Luxury Property Woes, High-End Homes Hard to Sell
Key points – London’s residential market, famous for its sky-high prices and luxury properties, is currently facing a unique challenge. Two of the city’s most expensive mansions, Rutland Gate and The Holme, are struggling to find buyers, despite their prestigious locations and opulent features. This situation sheds light on the broader changes in the luxury…
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Foundation Home Loans Rolls Out New Landlord Mortgages
Key points – Foundation Home Loans (FHL) has recently unveiled a new range of products tailored specifically for portfolio landlords. This move aims to provide enhanced support for these key players in the private rental sector. What’s New? The newly launched products fall under FHL’s F1 tier, which is designed for borrowers with nearly impeccable…
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New Bridging Loan Launched – No More Early Repayment Fees!
Key points – Alternative Bridging Corporation has made relaunched its Term Loan. This isn’t just any ordinary update; the loan now comes with a new feature – no Early Repayment Charges (ERCs). Key Features of the New Term Loan Tailored Cash-Flow Solutions An intriguing aspect of this loan is its adaptability in structuring payments. For…
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REITs Could Be Your Next Big Investment Bet
Key points – Real estate investment trusts, or REITs, are all the rage in the investment world right now, and there’s a good reason why, according to Proactive Investors. Imagine a sprinter getting ready for a race. That’s what the global real estate market looks like at the moment, having just clocked an impressive 10.4%…