Latest News
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House Prices Soar as Mortgage Rates Tumble – Who Has the Best Deals This Week?
Property prices are on the up, but crucially, mortgage rates are heading down. Could this be the perfect moment to take the plunge? The latest Halifax House Price Index shows house prices jumped by in the year to August – that’s the biggest annual increase since November 2022! The average UK home now costs £292,505,…
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Yorkshire Building Society Lowers Rates (Again!)
Yorkshire Building Society has announced another round of mortgage rate cuts just weeks after their last reduction. This means potential savings for anyone looking to get a mortgage or switch their current deal. How much have rates been cut? The building society has reduced rates across its range of mortgages by up to 0.55%. What…
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Atom Bank Cuts Mortgage Rates for First-Time Buyers and Borrowers with Small Deposits
Atom Bank has announced a round of mortgage rate cuts, a move that could save borrowers thousands of pounds. The cuts will affect both near prime borrowers (those with a less-than-perfect credit history) and prime borrowers with small deposits. How Much Could You Save? Rates on near prime mortgages are being cut by up to…
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Are Holiday Homes Really to Blame for Soaring House Prices?
New research suggests holiday lets aren’t responsible for the housing crisis. Holiday lets are not the main cause of Britain’s housing affordability issues, a new report by accountancy firm EY has found. Despite rising property prices, currently averaging £290,000, the study claims there’s “little to no relationship” between the growth of holiday lets and the…
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Where are First-Time Buyers Moving to?
It’s no secret that getting on the property ladder is tough, but new research shows just how far people are willing to move to buy their first home. Forget about living close to your family and friends – first-time buyers are increasingly looking further afield to find affordable properties. Over the last decade, some areas…
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Mortgage Rates Fall at Fleet and TMW
Good news for buy-to-let landlords and anyone considering joining the property ladder: mortgage rates are going down! Two of Britain’s big lenders have just reduced their rates, making it cheaper to borrow and potentially boosting your profits. Fleet Mortgages, a popular choice for landlords, has just announced cuts to their fixed-rate mortgages for both individual…
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Glasgow Southside Homes Sell for 25% More Than Rest of City
Thinking of buying a home in Glasgow? You might want to think carefully about where you choose, as new data reveals that homes in the city’s desirable southside are commanding prices 25% higher than the city average. Savills estate agents, using data from MyHousePrice.com, have revealed that the average property price in the southside postcodes…
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Rents Set to Rise as Tenant Demand Outstrips Supply
New figures from the Royal Institution of Chartered Surveyors (RICS) show tenant demand is booming, while the number of properties available to rent is falling. The Perfect Storm for Higher Rents The RICS Residential Survey paints a clear picture: tenant demand is up, with a net 11% of surveyors reporting an increase. On the other…
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Capital Gains Tax Fears Spark Rush to Sell Large Homes
Worried homeowners are rushing to sell their larger properties, fuelled by speculation that a Capital Gains Tax (CGT) bombshell could be dropped in the upcoming October budget. Rightmove, the UK’s leading property website, has reported a massive surge in the number of bigger homes hitting the market. In the week ending September 9th, listings for…
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Eco-Friendly Homes Could Save You £1,300 a Year on Bills
Thinking of buying a new build home? You could save thousands on energy bills if new rules on eco-friendly homes come into effect. New research suggests that buying a new home built to the highest eco-friendly standards could save you £1,341 a year on energy bills! That’s enough for a family holiday every year! The…