Latest News
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Alternatives to Bridging Loans
Bridging loans have long been the go-to solution for many property professionals, there are other financing methods that could offer better benefits depending on your specific needs. Bridging loans, undeniably, have earned their place in the short-term lending market. They’re quick, flexible, and allow borrowers to leave their existing financial commitments untouched. This last point…
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A Surge in Auction Activity
Recent months have seen a dramatic escalation in the number of lots appearing in residential auctions. According to the latest data from EIG Property Auctions, there’s been a staggering 51.5% climb in the number of lots submitted from August 2022 to the same month in 2023. But that’s not all. The figure that really turns…
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London Prices Fall But It’s Still Most Expensive Area
Recent data from the Office for National Statistics (ONS) reveals that London house prices have witnessed a 1.4% dip over the year leading up to August. This decrease is noteworthy, considering the capital’s reputation for steep property prices. Despite this decline, however, London retains the crown for the most expensive region in the UK to…
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BTL Success Stories – The Inspiring Journey of Vijay Singh
The Telegraph has another in their series of property investment success stories today. From sharing a cramped space with his family in India to owning a thriving portfolio of 16 properties in the UK, Vijay’s journey is nothing short of inspirational. Early Life: Lessons in Frugality Born in the UK, Vijay spent the majority of…
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Rental Yields Rise by 1%
Rental yields, much to the delight of investors, have not just grown but have sustained this growth for the third consecutive quarter. Compared to the same time span in 2022, the average yield has seen a substantial rise of 1%, settling at an impressive 6.9%. This growth is not just an annual highlight; it also…
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Industry Reaction to ONS House Price Data
In August, England witnessed a subtle monthly uptick in house prices by 0.2%, while the annual price change plateaued, positioning the average property value at £309,616. This stagnation marks a significant deceleration compared to the more dramatic changes seen in previous years, underscoring a potential normalization in the market. Regional Rhythms: Diverse Dynamics Regional disparities…
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Landbay Sharpens Buy-to-Let Mortgage Offers
Landbay has trimmed the rates on its five-year fixed mortgage products by 0.10%. This adjustment isn’t just for a select few but applies across the entire range of these specific mortgage products. Now, the standard five-year fixed range kicks off at a rate of 4.85%. Investors should note that these mortgages cater to a diverse…
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Professional Landlords Poised to Take the Reins in Buy-to-Let Market
Recent data from the Office for National Statistics (ONS) indicates a modest year-on-year increase in house prices by 0.2%. While this increment may suggest a rejuvenated market confidence among homeowners and buy-to-let investors, it also brings with it a set of implications for those operating on a smaller scale within the sector. According to Alan…
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Mini-Budget Disaster Distorting House Prices
Last year’s mini-budget, introduced by Liz Truss and Kwasi Kwarteng, sent ripples through the property market. It led to a significant surge in mortgage costs, causing an initial hike in house prices to an apex of £291,909 in September, followed by a substantial dip to £282,115 by March. These fluctuations are a testament to the…
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Planning Permission: North vs. South
Recent research from Searchland, a firm specializing in sourcing development sites, has shed light on a notable North-South divide in planning approval rates across England. If you’re looking to build or make modifications to a property, you’re statistically in for a smoother ride if you’re setting your sights on the North rather than the South.…