Latest News
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Airbnb Says it is Actually Making York a More Affordable Place to Live!
A new report commissioned by Airbnb and carried out by Ernst & Young suggests that Airbnb listings have boosted York’s economy to the tune of £44 million in 2023 alone, supporting over 685 jobs. This cash injection comes from tourists splashing out in local shops, restaurants, and on transport. That equates to a welcome £42…
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Americans are Snapping Up London Homes!
American buyers are leading the charge for luxury London property, with almost half of all homes sold for over £12 million last year going to US buyers, according to new research. UK Sotheby’s International Realty revealed that a diverse group of American buyers, from tech millionaires to families, are behind the surge in interest. These…
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House Sales Taking 23% Longer and Costing More
Selling or buying a house? Get ready to wait! New data reveals that it now takes over a month longer to buy or sell a house compared to ten years ago. And to make matters worse, more sales are falling through, leaving frustrated buyers and sellers high and dry. Back in 2014, the average time…
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Saffron Launches New Mortgages for Young Professionals – up to 5.5 Times Salary
In a move that will be music to the ears of first-time buyers, Saffron Building Society has launched a new range of mortgages specifically designed for professionals in the early stages of their careers. The “Professional Income Boost” range is available to those working in a range of professions such as accountancy, dentistry, and law.…
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Mortgage Rate Cuts for First-Time Buyers, Landlords and Holiday Home Owners
Buckinghamshire Building Society has announced a round of mortgage rate cuts, with savings of up to 0.30% for borrowers. The building society is making changes across the board, meaning there are new deals for first-time buyers, landlords, and even people with poor credit scores. Here are some of the biggest rate cuts: The building society…
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Birmingham Build-to-Rent Booms – Your Next Investment Hotspot?
Property investors and developers looking for the next big opportunity need to look no further than Birmingham. The city’s Build-to-Rent (BTR) market is booming, with a staggering 12,200 units in the pipeline, according to a new report from property giant JLL. That’s almost double the number of existing BTR units currently available in Birmingham! This…
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Martin Lewis Mortgage Warning – Halifax & Lloyds Cut Rate Lock-in Period!
Homeowners with Halifax and Lloyds mortgages are being urged to act fast as the banks cut their rate lock-in window by a third. This means borrowers will only be able to secure a new mortgage rate four months before their current deal ends, down from six months previously. This change could leave homeowners with less…
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Skipton Building Society Opens Doors for First-Time Buyers with New Mortgage Offering
Skipton Building Society has revamped its Track Record mortgage, making it easier than ever for renters to finally get a foot on the property ladder. The move has been hailed as a game-changer by brokers, who say it could help thousands of people escape the rental trap. So, what’s changed? Here’s a breakdown: More People…
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Airbnb or Buy-to-Let – Which is Best for Your Pockets?
You’ve inherited some money and you’re ready to invest in property. But with the buy-to-let market changing, you’re wondering if Airbnb is the better bet. The FT’s financial expert answered a reader’s question on the tax changes that could make or break their property plans. The Big Changes Coming in 2025 Currently, Airbnb hosts enjoy…
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Short Lease Flats Going Cheap – But Are They a Bargain?
Savvy buyers are snapping up homes with short leases at bargain prices, but experts warn of hidden costs. Analysis by Open Property Group has revealed that flats with leases under 80 years are selling for an average of £36,000 less than similar properties. That’s a hefty 12% discount! But before you rush out to grab…