Latest News
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Principality and TML Slash Rates – Here’s What You Need to Know
There’s good news for home buyers and those looking to remortgage, with two lenders announcing cuts to their mortgage rates. Principality Building Society is cutting rates on some of its mortgages by up to a hefty 0.48 percentage points. That’s a significant saving, particularly for those with large mortgages. The Mortgage Lender (TML) has also…
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Mortgage Approvals Bounced Back in July
Mortgage approvals have bounced back to their highest point since last September, according to the Bank of England. This suggests the property market could be heating up again. 62,000 mortgages were approved in July, up from 60,600 in June. That’s the highest number since September 2022, when 65,100 approvals were recorded. This surge in approvals…
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TSB Cuts Mortgage Rates by Up To 0.5%
TSB has announced major cuts to its mortgage rates, with some fixed-rate deals being slashed by up to 0.5%! From Friday 30th August, TSB will be offering a range of new deals for both residential and buy-to-let mortgages. Here’s what you need to know: Residential Mortgages: Buy-to-Let Mortgages: Additional Borrowing: These new rates are available…
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Precise Announces Mortgage Rate Cuts for Homebuyers and Landlords
Precise Mortgages has slashed interest rates on a range of its mortgages, offering good news for those looking to buy a home or expand their property portfolio. The biggest winners are landlords seeking buy-to-let mortgages for refurbishment projects, with rates plummeting by up to 1.05% – that’s a saving of £1,050 per year on a…
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Clydesdale Slashes Mortgage Rates
Clydesdale Bank is cutting interest rates on several of its mortgages, meaning you could potentially save some serious cash. Starting tomorrow, you could get a fixed-rate mortgage for two or five years with rates starting as low as 4.11%. That’s a drop of up to 0.42% – a welcome change in the current climate! Here’s…
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London Rental Market Booming Chestertons Reports
The London rental market is absolutely sizzling right now, with landlords set to benefit from a surge in demand from desperate tenants. Tenants are flocking to London According to the agency Chestertons, there’s been a massive 22% jump in tenants making offers on properties in July compared to the previous month. That’s on top of…
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Top UK Postcodes for Rental Yields on Properties Under £100k
Looking to invest in property but don’t want to break the bank? You can still become a landlord without having to fork out a fortune, and some areas offer incredible returns on your investment. We’re talking about rental yields, which is the amount of income you earn from renting out a property compared to the…
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Marsden’s New Expat Holiday Let Mortgages
If you’re an expat looking to invest in UK property, Marsden Building Society has just relaunched their expat holiday let mortgage range, making it easier than ever to get a slice of the lucrative holiday market in England and Wales. What’s on Offer? Marsden is offering competitive rates starting from 5.89%, making it a serious…
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House Prices Rising at a Slower Pace and Energy Efficiency Matters – Nationwide
The average UK house price in August 2024 was £265,375. This is a slight decrease from July, but still 2.4% higher than a year ago. While this is good news for sellers, the market is showing signs of slowing down after the crazy highs of 2022. But what does this mean for you? Well, alongside…
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Lloyds Offers Mortgages 5.5x Your Salary to First-Time Buyers
Dreaming of finally getting on the property ladder? Well, Lloyds Bank might just have the answer, with £2 BILLION set aside to help first-time buyers! In a major boost for aspiring homeowners, Lloyds Banking Group (which includes Halifax and Lloyds Bank) has announced a new scheme called “First-Time Buyer Boost”. This initiative allows eligible first-time…