Latest News
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Foundation has New BTL Fixed Rate Deals
Foundation Home Loans, a specialist lender catering exclusively to intermediaries, has rolled out an assortment of fixed-rate deals. Tailored to diverse landlord requirements, these range from nearly spotless credit histories to those considering more unique property types or contending with past credit glitches. Exclusively for Portfolio Landlords Among the notable products is the five-year fixed-rate…
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Could Henry Boot Shares Bounce Back?
Henry Boot’s stellar performance last year is testament to its longstanding expertise in land development, property, and construction. These sectors saw them scaling new heights and achieving the best annual results in their illustrious history. But this upswing was short-lived, with forecasts at the onset of this year predicting a dip. The culprit? A decline…
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London House Prices Fell 25% Since Brexit
Since the UK’s decision to leave the European Union in 2016, London’s property prices have been impacted. UBS, a leading investment bank, reports that when accounting for inflation, the capital’s house prices have dropped by 25%. One of the primary reasons for this significant decline is the reticence of wealthy international buyers. Traditionally, London’s premium…
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Landbay Reduces Buy to Let Fixed Mortgage Cost
In a significant move for the industry, specialist buy-to-let lender, Landbay, has announced noteworthy reductions in their two-year fixed rates. These rates have seen a substantial decrease, by up to 0.50%, beginning now at an appealing 4.19%. To dive deeper into the specifics: Landbay emphasises that these mortgage products are tailored for landlords aiming to…
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Mortgage Payments 39% Higher than 5 Years Ago
According to a study by lender Octane Capital, the average homebuyer today is shouldering a 39% hike in monthly mortgage repayments compared to just half a decade ago. Even when factoring in inflation, these numbers are startling. To put that in perspective: The Method Behind the Madness To come to these numbers, Octane Capital assessed…
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London Buyers are Still Buying, at the Right Price
Despite the overarching perception that the market is in a lull, some of London’s premier estate agencies have observed a significant uptick in demand. Among them, Chestertons reports a 5% increase in properties sold in August compared to July. This isn’t a fleeting trend either. The number of new registered buyers suggests that many are…
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ONS House Prices – Expert Reactions
The Office for National Statistics (ONS) revealed their latest House Price Index yesterday. Property Industry Eye has a round-up of experts’ reactions to the latest figures. The ONS data showed: It’s essential to understand that the ONS’s house price data relies heavily on Land Registry data. Since this index depends on the average sold price…
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Landlord Frustration at Sunak’s EPC Changes
The UK property market is in turmoil as recent policy decisions bring unexpected changes for landlords and tenants alike. Prime Minister Rishi Sunak’s decision to alter the Energy Performance Certificate (EPC) targets has ruffled feathers and stirred concerns. Let’s look at the industry’s reactions. Setting the Stage: What Are the EPC Changes? The government had…
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NatWest and Others Cut Mortgage Rates
Recently, the UK experienced an unexpected dip in inflation. Traditionally, inflation rates influence various financial indices, including interest rates set by lenders. The UK’s annual inflation rate slowed to 6.7% last month, defying many predictions. This unforeseen drop seems to have set the stage for a cascade of reduced mortgage rates among several major lenders.…
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House Prices – The Hottest and Coldest Areas in the UK
Recently, the property market has been displaying signs of a transformation. The dominant seller’s market, characterized by high prices and quick sales, seems to be making way for a buyer’s market. According to trusted sources like the Nationwide and Halifax house price indexes, house prices are experiencing a decline. This decline isn’t subtle either –…