Latest News
-
Manchester House Price Hotspots Defying the Dip
Despite a general cooldown in the UK’s property market, there are certain areas in Greater Manchester where house prices are not just holding steady, but actually soaring. This detailed guide aims to unravel the intricacies of these hotspots, making it easier for prospective property investors to understand where and why to invest. Understanding the Regional…
-
Association of Real Estate Funds Looks to Reassure Investors
In recent times, the UK’s property investment market has witnessed some significant shifts. Several daily-traded open-ended property funds, which are key players in this sector, have either paused their trading activities or are considering a complete shutdown. This development has understandably caused concern among investors, prompting the Association of Real Estate Funds to step in…
-
Latest Construction Market Overview
Recent data from the Glenigan Construction Review report sheds light on the trends and challenges facing the industry, and what these could mean for potential property investors. The report highlights a significant decline in construction starts during the three months leading up to October. Despite a surge in planning approvals, the construction sector has seen…
-
Natwest Reduces Rates for Mortgage Switches
NatWest’s is cutting its mortgage rates for existing customers who want to switch products. Before diving into the specifics of NatWest’s announcement, it’s crucial to understand some key terms: NatWest’s Rate Reductions: A Closer Look Effective from 21 November, NatWest is introducing substantial rate cuts for its existing customers. These changes are particularly noteworthy for…
-
Aldermore’s New Buy To Let Mortgage Offers
Aldermore’s latest buy to let (BTL) products are designed for both individual and company landlords. Here’s what they entail: Target Audience These products cater to two main groups within the BTL market: Residential Owner-Occupied Mortgage Options Aldermore has not just focused on the BTL market; they’ve also introduced products for those looking to purchase or…
-
House Sellers Offering More Non-Cash Incentives
According to a survey by Knight Frank, nearly two-thirds of UK housebuilders are now offering non-cash incentives to attract buyers. This shift in strategy highlights the creative approaches being adopted in response to the difficult market conditions. About 59% of the respondents reported offering items like carpets or white goods to sweeten the deal for…
-
The Most Expensive Houses Sold in 2023
Starting with the capital, London witnessed an exceptional sale that set the bar high for the rest of the country. A flat in Ashburton Place, located in the prestigious W1J postcode area of Westminster, was sold for an eye-watering £38.6 million in June. This sale not only highlights the high value of properties in London…
-
Glasgow’s Rental Market is Booming
The rental market in Glasgow is currently experiencing a remarkable surge, the likes of which haven’t been seen in nearly a decade. This trend is primarily driven by a significant shortage of rental properties, which is pushing both demand and rental prices to unprecedented levels. Let’s delve into the factors contributing to this phenomenon and…
-
The Mortgage Works Reduces Company BTL Rates
TMW, a well-known mortgage provider, has announced a significant rate reduction for limited company mortgages. This is particularly relevant for landlords and investors who operate through a corporate structure. Here’s what you need to know: Let-to-Buy Mortgages: Reduced Rates Let-to-buy mortgages are a popular option for landlords who want to rent out their existing home…
-
House Prices Fell 4.1% in October – Acadata
In October, the average house price in England and Wales saw a notable decrease of 4.1%, dropping by approximately £15,700 to £362,777. This decline, as reported by the e.surv Acadata house price index, is the most substantial monthly reduction since August 2009, a period marked by recovery from the 2007/2010 banking crisis. Contextualising the Decline…