Latest News
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Landlord Investments Affected by New EPC Rules
What’s Happening? What Does It Mean for You as an Investor? Conclusion The proposed changes in EPC rules are already influencing the UK property market, with a clear trend towards energy efficiency. As a prospective investor, understanding these changes and adapting your investment strategy can help you navigate this evolving landscape. If you prioritize energy-efficient…
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Which Countries Own Most UK Property?
London estate agents, Benham and Reeves have commissioned a study of foreign investment in the UK, comparing which countries’ residents own the most property. Who Owns What in the UK’s Property Market? The study looked at the value of homes owned by foreign nationals in England and Wales, focusing on the top nationalities that own…
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3 Major Lenders Cut Mortgage Rates
Overview Several major mortgage lenders, including NatWest, Halifax, and Virgin Money, are reducing their mortgage rates. This change will be effective from 2nd August and follows similar rate cuts by other rival lenders in the past week. Details What This Means for You as an Investor: In simple terms, these changes could make it a…
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Bank of England’s Interest Rate Decision: A Rise Tomorrow?
The Bank of England is expected to raise its base rate to a 15-year high on Thursday, either by 25 or 50 basis points, to fight inflation and wage growth. The higher cost of borrowing will hurt mortgage holders and could be a downward pressure on house prices. But it would benefit savers who will…
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Growth of UK holiday accommodation sector
The sector has grown by 38% from £1.8 billion in 2013 to £2.54 billion in 2022, despite a 24% decline in 2021 due to the pandemic. Research from Stripe Property Group says is expected to grow by another 4% in 2023, but still below the pre-pandemic peak of £2.76 billion in 2020. Opportunity for property…
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Taylor Wimpey: Increase in Long-term Mortgages and Impact on Profits
The Financial Times reports the latest information from UK housebuilder Taylor Wimpey. 1. What’s Happening with Mortgages? 2. Impact on the Housing Market: 3. Still Some Good News: 4. Expert Opinions: 5. Investor Information: Conclusion For potential investors, this news article highlights several key trends in the UK housing market and the strategic response of…
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Short-term rental rules rattle Scottish landlords and tourists
The Financial Times discusses the impact of new regulations on short-term rental properties in Scotland, such as Airbnb, and how they affect the landlords and the tourism industry. Main points:
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Build to Rent Conference Update
Oliver Hazell, Senior Account Director at Cavendish shared his optimistic perspective after attending the recent Bisnow conference on Build to Rent, “Despite a slowdown in the traditional for-sale residential market, compounded by rising interest rates, the BTR sector remains buoyant in a difficult economic climate. Existing PRS stock is beset by issues around poor-quality accommodation…
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Scottish Property Market, May to July
ESPC, a property marketing company, released their report on the residential market in Scotland during the period of May-July 2023. The Big Picture The property market in Scotland seems to be holding steady, with minor fluctuations in some areas. Overall, it’s not making big leaps, but it’s not plummeting either. The market has faced some…
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Record-Breaking Rent Rise
The latest Goodlord Rental Index reports that rents in England have reached a record high of £1,367 per property in July 2023, due to high demand, low supply and student lets. It also shows that voids have dropped to a record low of nine days, indicating a very tight rental market. 1. Rents at an…