Latest News
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Mortgage Rates Fall to Six-Month Low, But Choice is Shrinking for Buyers
According to the latest data from financial experts Moneyfacts, the average two-year fixed-rate mortgage has dropped to 5.56%, while the average five-year fixed-rate deal now sits at 5.20%. This means borrowers could save hundreds of pounds a year on their repayments. This drop in rates is a welcome relief after the turmoil of the mini-Budget…
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Singapore Tops the Charts as Overseas Landlords Flock to UK Property
Singaporean investors are pouring money into British bricks and mortar, new figures reveal. Landlords based in the Asian financial powerhouse have become the biggest source of overseas rental payments, accounting for 17.1% of all international transactions. Hot on their heels are property investors from Switzerland, who take second place, contributing 16.2% of payments, according to…
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London Million-Pound Homes Vanish After Tax Hit
George Osborne’s changes to stamp duty a decade ago have hammered the capital’s luxury property market. The number of homes in London worth £1 million or more has plummeted by 16% since 2014, according to new research. In stark contrast to the rest of the country, where million-pound homes have increased by 70% over the…
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Stoke-on-Trent: The Hot Spot for Student Landlord Profits!
Looking to make a smart investment and earn rental income? Then you need to check out Stoke-on-Trent! This city has just been crowned the top spot for student landlords seeking the highest yields on their property investments. That’s right, Stoke-on-Trent is the champion of student letting, offering landlords a 9.43% average yield! Stoke-on-Trent: A Student…
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Landlords May Get Help with Energy Efficiency Changes
The government’s new plans could see rental properties needing a major energy efficiency upgrade by 2030. Right now, you can’t rent out a property with an Energy Performance Certificate (EPC) rating lower than an ‘E’. But that’s about to change. The government wants all rental properties to be at least an EPC ‘C’ by 2030.…
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Mortgage Rate Cuts by Barclays
Barclays bank is slashing mortgage rates by up to 0.66% from tomorrow, offering some much-needed relief for homebuyers struggling with high monthly repayments. This significant cut means a homeowner borrowing £200,000 could save around £70 a month on their repayments! The biggest reductions are on large loan mortgages, aimed at those buying more expensive properties.…
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Mortgage Rate Cuts – TSB Slashes Rates While Zephyr Offers Cheaper Deals
TSB is slashing mortgage rates by up to 0.4%, and Zephyr Homeloans is also cutting rates on many of its deals. However, Vida Homeloans is repricing its products, so borrowers may need to act quickly to secure their current rates. TSB Cuts Rates for First-Time Buyers, Home Movers and Shared Ownership TSB is making significant…
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House Hunters Back in Force as Sales Surged This Summer!
Good news for anyone looking to buy or sell a home – the property market is heating up! Demand for homes is soaring. Property experts Propertymark have revealed that more buyers are flooding back to the market, eager to snap up properties. Their latest report shows the average estate agent branch saw a 4% jump…
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Mortgage Rates Lowered by MPowered
MPowered Mortgages has slashed their fixed rates for the fifth time in just a few weeks, making it even cheaper to secure your dream home. Here’s the deal: Stuart Cheetham, Chief Executive of MPowered Mortgages, said: “We are delighted to be cutting rates… Competition heating up between lenders is making now an ideal opportunity for…
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Building Your Dream Home? How Do Self-Build Mortgages Work?
Thinking about building your own home? It’s a dream for many, offering the chance to create a space perfectly tailored to your needs. But financing a self-build project can seem daunting, especially for first-time buyers. Here’s everything you need to know about self-build mortgages: What is a Self-Build Mortgage? Unlike traditional mortgages, which are paid…