Latest News
-
Cooling Rental Market in October
October brought with it a noticeable dip in rental prices, according to the latest Goodlord Rental Index. Specifically, rents dropped by 11%, settling at an average of £1,190. This decline comes on the heels of three consecutive months where prices were climbing at a swift pace all across England. While this decrease might seem alarming,…
-
Understanding the Leasehold Reform Proposals
The UK property market has a rich history of intricate and sometimes perplexing arrangements. One of these is the leasehold system, which has become a hot topic for many homeowners and prospective buyers. Micheal Gove is proposing reforms to the system and the Daily Mail published a review of his suggestions. The Leasehold Challenge: A…
-
An Unexpected Uptick in House Prices
According to the mortgage provider Nationwide, UK house prices experienced a surprising increase last month. In the span between September and October, house prices surged by 0.9%. Not only was this the first monthly rise we’ve seen since April, but it was also the most significant since March 2022. This increase took many by surprise,…
-
Unlocking Your Home’s Value for Refurbishment
In the midst of skyrocketing property prices and high moving costs, many homeowners are now leaning towards enhancing and expanding their current residences rather than diving into the tumultuous market to buy anew. If you’re one of the many pondering this route, you might be wondering how you can draw from the equity in your…
-
Marathon Mortgages: Are They Worth It?
Many are drawn to the idea of extended mortgages, especially first-time buyers or those operating on tighter budgets. In a city where property prices surge at a brisk pace, the appeal is evident: lower monthly payments seemingly make homeownership more attainable. The Standard looked at the pros and cons. The Hidden Costs of Extended Terms…
-
Investment Influx Into Single Family Housing
Over the past nine months, the Build To Rent Single Family Housing sector has attracted investments exceeding £1 billion. This momentum isn’t expected to stop soon. Sources suggest investors are gearing up to infuse a staggering £25 billion over the next five to ten years. 2023 emerged as a landmark year for this segment, punctuated…
-
Landbay’s New Buy-to-Let Rate Cuts
Landbay has made over 80 modifications to its product range. The key takeaway? Their rates now commence from as low as 4.09%. Here’s a deeper look into the changes: A Glimpse at the New Rates Landbay’s revised rates have been segmented by product type and loan-to-value (LTV). Here’s a short breakdown: Standard Fixed Rates: For…
-
Scotland’s Tourist Tax: Impact on Property and Short-Term Lets
The Scottish Government’s proposition of a tourist tax, coupled with additional regulations, has stirred debates among property owners, especially those offering short-term accommodations. For potential property investors, understanding these dynamics can be crucial. In this article, we’ll dissect what’s happening, why, and its potential implications. Airbnb’s Take on the Tourist Tax and Licensing Airbnb, a…
-
Scotland: Persistently Rising Rents Despite Caps
Despite the implementation of rent controls, the private rental sector in Scotland has experienced a sharp surge in rent prices. Specifically, average rents for new tenancies have surged by double digits for the fourth consecutive month, as indicated by recent data from the letting portal, Citylets. These consistent price increases challenge the effectiveness of the…
-
UK Landlords: Still Confident in Property Investment
In recent years, the UK property market has seen a myriad of shifts and turns, impacting homeowners, renters, and property investors. A recent survey by Leaders Romans Group (LRG) looks at the sentiments and expectations of landlords across the country, providing insights into what the future may hold for property investment. Growing Opportunities in the…