Latest News
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Manchester Crowned First-Time Buyer Capital of Britain
Is Manchester calling you? It’s officially the UK’s hottest spot for first-time buyers! A new study by Halifax has revealed that 75% of homes bought with mortgages in Manchester last year were snapped up by first-time buyers. This surge in first-time buyers is thought to be driven by the sky-high house prices in London, pushing…
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Boost for First-Time Buyers as Principality Offers 5.5 Times Income Mortgages
Principality Building Society has launched a new mortgage deal allowing borrowers to borrow up to 5.5 times their income. The deal, available exclusively through mortgage brokers, is a limited-time offer and applies to standard five-year fixed-rate residential mortgages. To be eligible, you must: This move comes as Principality acknowledges the diverse circumstances of first-time buyers…
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NatWest Reduces Mortgage Rates Again
NatWest has announced cuts to their fixed-rate mortgages, making it cheaper to buy or secure a better deal on your existing home loan. The bank has reduced rates by up to 0.19% across a range of their mortgages. This means lower monthly payments and potentially thousands of pounds saved over the lifetime of your mortgage.…
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Off-Plan Property – Is Buying a Home Before it’s Built Right for You?
Buying a new home is a big decision, and usually you’d want to see it in person before you commit. But what about “off-plan” homes – where you buy before they’re even finished? This type of purchase is becoming more common, but there are some things you need to be aware of before taking the…
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London’s Cheapest Boroughs for New Builds Revealed
Thinking of buying a new build in London but worried about sky-high prices? New research has revealed the boroughs where you can still get a brand new home without breaking the bank. Forget fancy central locations, it’s all about heading to the ‘burbs! Havering, in East London, topped the charts with the most affordable new…
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Dreaming Spires, Sky-High Prices – Oxford House Prices Soar
Forget London, it’s the city of dreaming spires that’s seeing house prices rocket! Oxford has become the UK’s hottest property market, with prices jumping a massive 10% in just one year. According to the Office for National Statistics (ONS), nowhere else in Britain comes close to this level of growth. The average house price in…
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Generation Rent Forever? Millions Priced Out of Owning a Home
New research reveals a shocking number of young people are giving up on the dream of owning a home, fearing they will be stuck renting forever. Could you be £2.6 MILLION worse off by doing the same? A new study by Yorkshire Building Society has revealed a worryting trend – a huge number of young…
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Manchester on a Budget: Top 6 Places for First Time Buyers
Manchester’s calling first-time buyers! This buzzing city has it all, but house prices can be scary. Fear not, though – there are still affordable gems to be found. Manchester Evening News teamed up with the experts at Bridgfords estate agents to reveal the hottest spots for first-time buyers right now. Manchester’s been getting a serious…
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Landlords Face Slower Rent Growth
The red-hot rental market is cooling down! After three years of rents climbing faster than wages, things are starting to change. While landlords can still expect rent increases, the pace is slowing down significantly. The number of people looking for rentals has dropped by a massive 39% in the last year. However, the market is…
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House Sales Heating Up Despite Summer Slump
Property purchases jump 7% compared to this time last year – could YOUR home be worth more? Good news for anyone looking to sell their home – the number of property sales shot up by 7% last month, compared to July last year. Official figures from HM Revenue & Customs revealed that 90,630 homes were…