Latest News
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NatWest Joins Mortgage Rate War – But Is It Good News for You?
NatWest has jumped into the mortgage rate war with a mix of rate cuts and increases that could impact both first-time buyers and those looking to remortgage. This comes hot on the heels of similar moves by HSBC, as major lenders battle it out to offer the most attractive deals. But what do these changes…
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Reduced Mortgage Rates and 10-Year Fix Announced by Perenna
Perenna, the specialist long-term fixed-rate lender, has announced a shake-up of its mortgage range, including the introduction of a 10-year fixed-rate deal. This will sit alongside its existing range of 15-year fixed-rate mortgages. What are the new rates? The lender has cut rates across its range, with some of the biggest savings to be made…
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Stamp Duty Bill Leaves Buyers £100 Million Out of Pocket!
Homebuyers across the UK are feeling the pinch as stamp duty costs soar, with over £1 billion paid in July alone. New figures show homebuyers have coughed up £1.2 billion in stamp duty just last month. This brings the total for the year so far to a staggering £6.6 billion – that’s a hefty £100…
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Millions Locked Out of the Property Market by Credit Issues
New research reveals that millions of Brits are struggling to get a mortgage because of problems with their credit history, leaving them feeling trapped and discriminated against. 14.8 million adults – that’s nearly three in every ten – have found it harder to get a mortgage because of marks on their credit file. Imagine being…
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Yorkshire House Prices Defy National Trend with August Rise After Interest Rate Cut
While house prices across the UK have dipped, Yorkshire and the Humber are seeing a different story with asking prices actually going UP! Rightmove’s latest data shows that the recent Bank of England interest rate cut has given the housing market a much-needed summer boost. Across the UK, buyer demand has surged by 19% since…
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Big Landlords are the Future of the Private Rental Sector
The private rental market is changing fast, and if you’re a landlord or investor, you need to know what’s going on. Big Players, Big Profits Experts like Andy Jones, the BTR chief at LRG, are saying that the future of the rental market belongs to big landlords and build-to-rent. This is all because of a…
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Bridging Loan Boom – Record Lending Fuels Property Market Growth
The latest figures from the Bridging & Development Lenders Association (BDLA) show a massive boom in bridging loans, with loan books reaching £8.4 billion in the second quarter of 2024. Completions Hit Record High This growth is driven by a rise in bridging loan completions, which reached a record £1.74 billion in the second quarter…
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Skipton Slashes Mortgage Rates
Skipton Building Society has announced a major shake-up of its mortgage rates, with cuts of up to 0.37% across a range of products. This means lower monthly repayments and potentially thousands of pounds saved over the lifetime of your mortgage. Here’s a breakdown of the key changes: These changes come hot on the heels of…
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The Mortgage Works Cutting Buy-To-Let Rates
The Mortgage Works (TMW), the buy-to-let arm of Nationwide, has just announced some serious rate cuts. This means you could be saving a chunk of cash on your mortgage payments, which can be a real game-changer for your rental property profits. What’s the Big Deal? TMW has dropped selected buy-to-let (BTL) mortgage rates for new…
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Landlords Facing Soaring Finance Costs Despite Recent Cut in Interest Rates
The Bank of England cut the base rate by 0.25% to 5% earlier this month, but this has only offered limited relief to landlords, with many still facing high borrowing costs. A recent poll by bridging lender Finbri, which surveyed 600 UK property investors, found that 67% of landlords are concerned about the impact of…