Latest News
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Halifax – UK House Prices Dip, London Worst
Recent figures indicate a subtle decline in house prices across the UK. According to the country’s largest mortgage lender, Halifax, the national average house price saw a dip of 0.4% over the last month, settling at £278,601. This puts it 4.7% below the figures from September 2022. London’s Unique Scenario London, often seen as the…
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Decoding Refurbishment Loans: Light vs. Heavy
As a potential investor or property developer, understanding the distinction between ‘light’ and ‘heavy’ refurbishment loans is pivotal to ensure a successful development project. Financial Reporter today has a guide to the intricacies of these two loan types. What’s a Bridging Loan? Before diving into the types of refurbishment loans, it’s essential to grasp what…
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English Housing is Most Expensive in the Developed World
The Home Builders Federation (HBF), a significant voice for private housebuilders, recently unveiled some concerning figures. They suggest that when it comes to vacant homes per person, England trails behind every other country in the Organisation for Economic Co-operation and Development (OECD). This international body comprises 38 countries, including EU nations, the US, Japan, and…
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Housebuilding Index Plummets
According to the latest figures, housebuilding in the UK has seen one of its steepest declines since the last financial crisis. An index that monitors the activity in the construction sector, where numbers below 50 signify a decline, recorded a drop from a positive 50.8 in August to 45 in September. This is the lowest…
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Grainger Anticipates Record-Breaking Year Amid Growing Demand for Rent-To-Build Homes
Grainger, a housebuilder listed in the FTSE 250, anticipates the completion of more than 1,600 new build-to-rent houses this year. This record-breaking expectation stems from Britain’s burgeoning demand for rental homes. Helen Gordon, the Chief Executive Officer of Grainger, reported that the company had already completed five new housing schemes throughout England. Consequently, the company’s…
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Help from the Bank of Mum and Dad? Better Hire a Legal Expert
In the current challenging economy, the so-called Bank of Mum and Dad is becoming an increasingly important player in the UK’s mortgage market, especially when it comes to helping children with the purchase of their own homes or even investment property. However, this trend is starting to come with a catch – parents seeking a…
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How to Get a Buy-to-Let Mortgage
Thinking about delving into property investment? SimplyBusiness published a guide to the world of buy-to-let (BTL) mortgages, offering detailed explanations of this somewhat complex subject for potential property investors. Buy-to-let Mortgage Explained A buy-to-let mortgage refers to a particular loan type specifically designed for properties that the owner intends to let out to tenants, rather…
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Anticipated £50k Decrease in UK House Prices by End of 2024
A detailed analysis conducted by the mortgage specialists at the comparison website Confused.com suggests an average decline in house prices by more than £50,000 by the close of 2024. This potential price drop in the housing market is not something to be overlooked if you’re considering an investment in property. It’s a significant drop in…
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Profits from Dubai Luxury Home Boom Reach $1.6 Billion
Dubai witnessed a surge in home sales during the third quarter this year. According to a report from property consultancy Knight Frank, sales of homes with a value exceeding $10 million ballooned to around $1.6 billion. This figure indicates a significant increase from the $1.13 billion seen during the same period last year. This upward…
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Ride the Autumn Wave: We’re in Peak Property Selling Season
Does your Christmas checklist include selling your property? If so, don’t lose hope! Latest research indicates that the autumn months (September, October and November) could hold your best chance of securing a sale before the festive season begins. Autumn Closing Deals: The New Norm? Recent analysis by leading estate and lettings agent, Barrows and Forrester,…