Latest News
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Understanding Mortgage Broker Fees and What They Mean for You
The world of property investment can often feel like a labyrinth, especially when it comes to understanding the various fees associated with mortgages. For many, mortgage brokers are the guiding light in this complex journey, offering advice and options. However, recent observations in the industry have highlighted significant discrepancies in what these experts are charging,…
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Cost of Living Crisis Creates Problems for Landlords
The cost-of-living crisis is not only plunging tenants into financial hardship but also making the recuperation of rent arrears an uphill battle for property owners. The situation is further strained by the residual effects of the Covid-19 pandemic, which had already placed considerable pressure on the sector. The Ballooning Burden: Rent Arrears Amid Rising Costs…
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Unlucky 13? How Your House Number Could Influence Its Value
Property has always been about location, condition, and amenities. However, recent data suggests another quirky factor could play a role in your property’s value: your house number. Surprisingly, it appears that houses numbered “1” typically command higher prices, while those carrying the supposedly unlucky “13” fetch less on the market. A Game of Numbers: The…
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How to Pick an Estate Agent to Sell Your House
For many, selling a property is one of the most significant decisions they’ll ever make. Thus, selecting an estate agent to represent your interests can’t be taken lightly. The right choice can turn the usually daunting process into a smooth journey, while a misstep could lead to months of stress, potential price reductions, and ultimately,…
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Mortgage Rate Cuts are not Fast Enough
The UK’s housing market, a complex and often unpredictable beast, is currently experiencing what can best be described as stagnation, following an extended period of escalating borrowing costs. Despite a recent halt in interest rate hikes by the Bank of England, a move that traditionally leads to lower mortgage borrowing rates, the market hasn’t seen…
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UK Homeowners Still Hopeful about Houses
In the face of financial strain, UK consumers display a resilient spirit, particularly when it comes to the property market. This complex sentiment, a mix of concern and optimism, emerges from Dye & Durham’s UK Pulse Report for Q3 2023, spotlighting the unique challenges and aspirations of UK adults amidst changing economic landscapes. The Financial…
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TMW Slashes Buy-to-Let Switcher Rates
The Mortgage Works (TMW) has rolled out significant rate cuts on its Buy to Let Switcher range. This development, effective from Friday, 13th October 2023, could be useful for landlords aiming to swap their existing mortgages for more favourable terms amid an ever-competitive market. TMW: Championing More Competitive Mortgage Options TMW has unveiled a reduction…
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London Rental Market Soars as Some Landlords Cut Rents
In an intriguing turn of events, London’s rental market has experienced a significant surge, setting new records, even as certain landlords opt for rent reductions to keep their properties occupied. This dynamic shift marks a critical period for tenants and investors alike, illustrating the complex interplay of supply and demand in the capital’s property arena.…
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Cambridge Facing “The Airbnb Effect”
Cambridge is the latest city where calls are being made to regulate the growth of Airbnb. The rise of properties being converted into Airbnb accommodations and other short-term rentals is causing significant strain on the local housing market. This trend is not only altering the fabric of residential communities but is also pushing many individuals,…
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First-Time Buyer’s £12,000 Renovation Adds £56,500 Value to 1930s Home
Renovating a property can be a daunting task, especially for a first-time buyer. However, with some creative thinking, hands-on effort, and strategic spending, it’s possible to transform a simple dwelling into a dream home while significantly boosting its market value. The Telegraph tells the story of how Phil Thompson did exactly that, spending £12,000 on…