Latest News
-
ONS House Prices – July 2024
Good news for sellers in Scotland as house prices rose, but the market cooled across the rest of the UK, with London seeing a slight dip, according to the latest data from the Office for National Statistics (ONS) The average UK house price in July 2024 was £290,000, a rise of £6,000 compared to July…
-
ONS Price Index of Private Rents (PIPR) – August 2024
New figures from the ONS reveal that private rents in the UK have risen strongly again, let’s dive into the details: Record-Breaking Rent Increases The average UK private rent surged by a staggering 8.4% in the year leading up to August 2024. While this is slightly down from the 8.6% increase in July, it’s still…
-
Mortgage Rate Cuts Give Homebuyers and Landlords a Boost at Furness Building Society
Furness Building Society has announced a range of mortgage rate reductions. One of the most eye-catching deals is a two-year fixed-rate mortgage at 4.39%. This is available for those buying a home with a deposit of at least 20% (80% loan-to-value). Borrowers can potentially secure a loan of up to £800,000, with no upfront application…
-
FHL’s Mortgage Rate Cuts for Landlords and Homebuyers
Foundation Home Loans has announced good news for both landlords and people looking to buy their own home, with a range of mortgage rate cuts. There are savings for landlords, with Foundation cutting rates across its special and limited edition buy-to-let mortgages. These cuts are designed to offer more choice and flexibility, with different options…
-
Overseas Investors Flock to Scottish Property Market Since Referendum
New research shows that international investors are pouring money into Scotland. The Scottish commercial property market has seen a major shift since the 2014 independence referendum, with overseas investors now the dominant force. This is a prime opportunity for UK developers to get in on the action. International Investors Take the Lead Research by Knight…
-
Is Your Property Chain About to SNAP? Phil Spencer Reveals How to Keep Your Dream Move on Track!
Moving house should be exciting, but the dreaded “property chain” can bring everything crashing down! In The Telegraph, property guru Phil Spencer breaks down this tricky process, revealing the secrets to a smooth move and how to avoid disaster. Chains: A Necessary Nightmare? Unless you’re a first-time buyer or swimming in cash, you’ll likely find…
-
Newbury Offers Mortgage Rate Cuts of up to 0.3%
Newbury Building Society has announced a round of mortgage rate reductions, potentially saving borrowers thousands of pounds in interest. The reduced rates apply to a range of mortgages for different types of borrowers, including: Standard residential mortgages: These rates apply to mortgages where the loan is 75% or less of the property value. Shared ownership…
-
Green Homes Mean Spending: Buyers Set to Splash £35k on Eco Upgrades!
Thinking of buying a new home? Get ready to shell out! New research shows that Brits are happy to spend big to make their homes more eco-friendly. The average buyer is planning to spend £35,523 on doing up their new home, with 39% saying they’ll spend even more. While everyone loves a lick of paint…
-
New-Build Sales Plummet as Buyers Tighten their Belts
Thinking of buying a new build home? The latest figures show that sales of new build homes have plummeted by 21% compared to pre-pandemic levels. Could this be the end of the new build dream? New research by data experts TwentyCi reveals that only 26,724 new build homes were snapped up by eager buyers in…
-
First Direct Lower Mortgage Rates – Some Now Below 4%
First Direct has announced cuts to a range of mortgage rates. Some of the biggest savings are on longer-term fixes, with the lender’s five-year fixed rate mortgage now available at a competitive 3.83%. This rate is available to first-time buyers, home movers, and those switching to First Direct, with a 60% loan-to-value (LTV). That means…