Latest News
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Skipton’s Mortgage Rate Cuts
Skipton Building Society is implementing rate reductions across a diverse array of mortgage categories. This affects several key areas: This comprehensive approach signifies Skipton’s commitment to making property ownership more accessible and affordable across various sectors, not just for traditional residential purchases. Special Focus: The 100% LTV Track Record Mortgage Skipton’s 100% Loan-To-Value (LTV) Track…
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Golden Corridors – The Most Desirable Areas to Live
The allure of exclusive English towns and countryside, with their idyllic, leafy surroundings and enviable lifestyles, is a well-established magnet for the affluent, from celebrities to city dwellers looking for retreats. This article aims to demystify the so-called ‘golden corridors’, the stretches of towns and villages viewed as the most desirable, profitable, and comparable to…
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Another Property Fund Suspends Trading
In response to a wave of redemption requests from investors, St James’s Place made the critical decision to suspend trading in its property fund. This wasn’t a snap decision but a calculated move following a substantial £829.5 million in invested capital. The suspension affects all transactions since the previous Friday. Additionally, it’s not just a…
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Rent Squeeze: Londoners’ Pockets Hit Hardest
Data from the Office for National Statistics (ONS) for the year leading up to March 2022 paints a concerning picture: London dwellers have been doling out an eye-watering 35% of their incomes to cover rental costs, averaging £1,450 per month. This figure isn’t just a record for the city; it’s the highest across the UK,…
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Property Prices to Rise Pre-Election?
As we approach 2024, experts forecast a modest rise in property prices, potentially playing a significant role in the political arena, especially for the Conservative party. Understanding these market dynamics is crucial for anyone considering stepping onto or moving up the property ladder. While the anticipated increase in property prices in the coming year might…
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Is Your House not Selling? This Maybe Why
In recent times, selling your home might feel akin to scaling a mountain. Just over a year ago, sellers were in a paradise of a market – properties were like gold, with buyers scrambling and outbidding each other, driving prices to the summit. But, like all good things, this seller’s market has seen a shift.…
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A Sudden Slowdown in Bridging Lending
In the second quarter of 2023, the amount of bridging lending witnessed a substantial decrease, slowing down to £165.7 million. This figure is particularly striking when compared to the first quarter’s £278.8 million, representing a sharp -40.6% drop. But why is this significant? The first quarter of the year saw the highest amount of bridging…
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CSJ Says Landlord Exodus is Exaggerated
The Centre for Social Justice (CSJ), a policy study group, has expressed strong support for the Renters (Reform) Bill, which is slated for debate in the Commons. Rishi Sunak and Levelling-Up Secretary Michael Gove are the key figures advocating for this significant piece of legislation. This Bill primarily aims to terminate assured shorthold tenancies and,…
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Areas with the Heftiest Rental Deposits Across England and Wales
Finding a rental property that suits your needs is just part of the journey; the financial aspect, especially the initial deposit, often poses a significant hurdle for many tenants. A recent study reveals how this challenge is not uniform across England and Wales, with some postcodes demanding considerably heftier deposits than others. The Growing Cost…
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The Closure of UK’s Open-Ended Property Funds
The recent announcement regarding the closure of M&G’s open-ended property fund, a significant player in the market, has raised eyebrows and concerns alike. This move didn’t exactly come as a surprise, according to Morningstar, especially since giants like Aegon and Aviva had already initiated the winding up of their property funds. However, the decision has…