Latest News
-
5 More Years of High Mortgage Rates Predicted
The Office for Budget Responsibility (OBR), an independent public finances watchdog, has revised its forecasts, now predicting that the Bank of England’s central interest rates will stabilize at around 4% by 2028-29. This is an increase from the previous expectation of a fall to 3% by the end of the forecast period. Current Bank Rate…
-
Factors That Will Influence Property Market in 2024
The UK property market is set to experience some unique shifts and potential opportunities in 2024. While predicting the exact trajectory of the property market can be challenging, there are several key factors and events that potential buyers and sellers should be aware of as they navigate the coming year. Understanding the Market Dynamics Seasonal…
-
884 Readymade Property Portfolios Available to Buy
According to the latest research conducted by investment firm easyMoney, there are currently 884 property portfolios available for purchase in Great Britain. These portfolios have an estimated average price of £1.2 million, presenting a range of investment opportunities across the country. London: The Investment Hotspot with a High Price Tag London emerges as a prime…
-
Will Buy to Let be My Pension?
Lots of people are asking nowadays whether it is still a good investment to become a buy-to-let landlord. In today’s Telegraph, their financial experts attempt to answer that question for one of their readers. Richard Brown’s career path is a story of resilience and adaptability. Transitioning from a teacher to a personal trainer, and eventually…
-
UK Rental Market Insights from Landlords
The UK property rental market is currently facing significant challenges, and these complexities are not only affecting tenants but also landlords. Sajjad Ahmad, a landlord with over 40 years of experience, interviewed in The Guardian, voices a common concern about the rental market being unfair and dysfunctional. Despite owning 30 flats and houses across England,…
-
Rent Affordability – Newcastle is Worst Area
The rental market in Newcastle has become increasingly challenging, especially when it comes to affordability. A recent study by Zero Deposit has shed light on the difficulties tenants face in finding affordable rental properties in the city. In Newcastle, the search for affordable rental properties is particularly tough. The average cost of renting in the…
-
Perenna Mortgages Allow 6x Income and 40 Years Fix
Perenna is stepping into the UK mortgage market with an ambitious proposal: allowing borrowers to secure up to six times their annual income. This is a substantial increase compared to traditional lending limits, which often cap at around 4.5 times the income. Furthermore, Perenna is revolutionizing the concept of fixed-rate mortgages by offering terms ranging…
-
UK’s Pandemic Property Market Surge
The UK property market has experienced a remarkable transformation during and since the pandemic, with England’s housing sector alone witnessing a staggering £1.6 trillion increase in value. Recent research by Yopa estate agents has provided insight into this unprecedented growth. The data reveals a 25% increase in average house prices, soaring from £248,097 in December…
-
Savills Auctions Smashes Records with £100M Sales in November
November has been a landmark month for Savills Auctions, an auctioneer in the property market. They have achieved an unprecedented milestone by selling over £100M worth of property. This figure not only sets a record for the highest monthly sales but also indicates a remarkable 70% increase compared to the same period last year. Such…
-
Landlords Dilemma – To Sell with Tenants or Vacant?
Selling a property with tenants can be appealing, especially to fellow investors. It offers the advantage of immediate rental income and saves the new owner the hassle of finding tenants. However, this approach might deter potential buyers who intend to occupy the property themselves. If you opt to sell to an owner-occupier, you’ll need to…