Latest News
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New Build Homes – Predictions for Q4
Recent developments in the UK housing market have sparked a renewed sense of optimism, particularly in the mortgage sector. Despite the ongoing challenges, we’re witnessing a promising trend: the decline in mortgage rates, according to a forecast in PropertyWire. Industry experts are cautiously optimistic, predicting that top mortgage rates might fall below 5%. However, the…
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Unlocking Higher Yields: Manchester and Leeds Lead the Way
Investing in property can be a complex and daunting task, especially for those who are new to the market. However, understanding the latest trends and data can significantly help in making informed decisions. One such trend that’s gaining traction is the rise of ‘hybrid working hotspots’ – cities that are becoming increasingly popular for people…
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Boosting Energy Efficiency: Help for Airbnb Hosts
The recent collaboration between NatWest, Airbnb, and the Energy Saving Trust marks a significant shift towards enhancing energy efficiency in rental properties, particularly for Airbnb hosts. This partnership offers an exciting opportunity for property investors and hosts to upgrade their properties with green solutions. Expanded Access to Energy Assessments and Financial Support Airbnb hosts are…
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Only Four London Boroughs Had Price Rises in 2023
The housing market in London can be challenging, especially for those considering investing in property. In 2023, during rising living costs, an interesting trend emerged: only four boroughs in London experienced an increase in property prices. Ealing: Leading the Way in Price Growth The west London borough of Ealing stood out with the most significant…
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Portfolio Landlords Continue to Invest
In the face of market uncertainties, a striking 88% of portfolio landlords in the UK (those managing over five buy-to-let properties) have recently expanded their holdings. This surge in activity has occurred within the past six months, showcasing a robust confidence in the property market despite challenges. Shawbrook’s research, encompassing 1,000 residential landlords, reveals that…
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Nationwide Reports Increasing Arrears on Mortgages
Nationwide, the third-largest mortgage lender in the UK, has observed an increase in mortgage arrears. This term refers to borrowers falling behind on their mortgage repayments. As of the end of September, 0.38% of Nationwide’s residential mortgages were over three months behind on repayments, a slight increase from 0.32% at the beginning of April. This…
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Furness’s New Residential and Buy-to-Let Mortgage Rates
Furness has introduced a revamped range of residential mortgage products, with notable changes to their fixed-rate offerings. The key changes include: These products are particularly attractive for buyers seeking stability in their monthly repayments over a fixed period. Joint Borrower Sole Proprietor Mortgages An interesting feature of Furness’s new range is the Joint Borrower Sole…
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Foundation Home Loans Rate Reductions
In recent news, Foundation Home Loans (FHL) has announced significant rate cuts in its core product ranges, impacting both owner-occupied and buy-to-let property markets. Core Buy-to-Let Range Adjustments FHL has made a notable reduction of up to 30 basis points in its buy-to-let Core product range. Specifically, the ‘F1 Green five-year fixed-rate mortgage’, targeted at…
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Demand for Bridging Loans Remains High
Bridging loans have become a pivotal financial tool in the UK’s dynamic property market. These loans offer a swift, flexible solution for those needing immediate funds for property purchases or refurbishments. Understanding Bridging Finance One of the key attractions of bridging loans is their rapid processing time. Unlike conventional mortgages, which can take weeks or…
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Remortgage Rates Fall Below 5%
Remortgage rates have recently taken a positive turn, with the cheapest two-year fixed remortgage rates dipping below 5% for the first time since July. This decline marks a pivotal moment for approximately 1.6 million UK households nearing the end of their current mortgage deals. Lenders like Yorkshire Building Society, Virgin Money, Bank of Ireland, and…