Latest News
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London Renters Battling it Out as Demand Soars
Renters in London are facing a cutthroat market as competition for properties reaches boiling point. According to lettings agency Chestertons, there’s been a massive surge in tenant activity this summer. The number of offers being made on rental properties has skyrocketed by 22% compared to June. And it’s not just offers – even enquiries about…
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Home Buyers Ditch Extra Bedrooms for Easy Commutes
Forget about finding a place with a giant kitchen extension or a garden big enough for a bouncy castle – Brits buying a home now care more about being close to transport links, new research reveals. A new survey from Market Financial Solutions (MFS) shows that after the pandemic, our priorities when moving house have…
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London Home Sellers Overpricing Houses by Average of 5%
Asking prices in the capital are consistently higher than buyers are willing to pay. Sellers in the capital beware – you are likely overpricing your property. New data from property website Upstix has revealed that homes in London are currently selling for 5% less than their listed price. This means if you are selling a…
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Barclays Joins Mortgage Rate Reductions but Axes Popular Deals
Barclays is the latest lender to slash mortgage rates – but it’s also axing some popular deals for homebuyers. The bank is cutting rates on some of its existing customer mortgages by up to 0.15 percentage points from tomorrow. This follows similar moves by rivals HSBC and TSB. Here’s how Barclay’s rate cuts break down:…
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Mortgage Rate War Heats Up as TSB and HSBC Slash Prices
TSB and HSBC are the latest lenders to cut their mortgage rates, joining a fierce battle to offer the lowest deals in years. TSB is making its biggest cuts for borrowers with smaller deposits – that’s great news if you’ve only got 10-20% to put down. Here’s a taste of the savings you could snag…
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Dudley House Prices on the Up
Dudley house prices are climbing faster than the West Midlands average. In June alone, prices shot up by 1.4%, outpacing the West Midlands average of 0.7%. That’s more than double the growth! This upward trend isn’t new either. Over the past year, Dudley house prices have enjoyed a healthy 3.1% increase. What’s the average price…
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Reading House Prices Rise – But Still Down on Last Year
June saw a 1.2% jump in the average house price in Reading, bringing it to £323,920. This mini-boom outpaced both the South East average of 1% and the UK average of 0.5%. However, remember this: What does this mean for buyers and sellers? Sellers might be encouraged by the recent increase, but it’s important to…
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London House Prices Dip but Cheaper Mortgages Could Be a Game Changer!
The average asking price for a London property in July was £677,794, a 2.1% drop from June, according to property website Rightmove. That’s a cool £17,285 shaved off the average asking price. While this might seem like a big drop, it’s actually pretty normal for this time of year. Plus, across the whole year, London…
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Cashing In on Basic – Investors Eyeing Amenity-Lite Build to Rent Schemes
Forget fancy gyms and rooftop gardens – investors are ditching the bells and whistles and focusing on the basics with a new breed of Build to Rent (BTR) schemes. Simple is the New Luxury According to property experts Cushman & Wakefield, investors are flocking to “amenity-lite” BTR schemes, particularly in urban areas. These are the…
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Virgin Money Cuts BTL Mortgage Rates
Virgin Money has just announced reductions on their buy-to-let (BTL) mortgage rates. Virgin Money has slashed rates on a range of their BTL mortgages, meaning you could be saving a decent chunk of cash on your monthly payments. Here’s what you need to know: BTL with a £995 Fee: BTL Fee-Savers: Exclusive BTL: More Rate…