Latest News
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North of the Border House Prices Soar! Average Scottish Home Now Costs a Record £200,000
Good news for sellers, but can first-time buyers afford to get a foot on the property ladder? The average price of a property in Scotland has smashed through the £200,000 barrier for the first time ever. That’s right, according to the latest figures from the UK House Price Index, owning a piece of Scotland now…
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Crawley Property Prices Skyrocket Over 500% in 30 Years!
Crawley has come top of the list for house price surges in new towns, with properties increasing in value by a whopping 543% over the last 30 years. Research by Halifax has revealed that back in 1994, the average house price in Crawley was just £63,712. Fast forward to 2024, and that same average house…
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Landbay Announces Buy-to-Let Mortgage Rate Cuts
Specialist lender Landbay has reduced rates across its fixed-rate products. The biggest savings are on offer for landlords opting for 2-year fixed-rate mortgages, with rates plummeting by an impressive 0.15%. This includes mortgages designed for small Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs). The best rates start at a tempting 3.99% for…
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Go Green, Boost Your Rent: How Landlords Can Profit from Energy Efficiency
Want to add thousands to the value of your rental property and watch your rental income soar? Going green is the answer, according to the latest research. A new report by The Mortgage Works reveals that landlords who invest in energy-efficient upgrades could be sitting on a goldmine. But there’s a catch – a looming…
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House Prices Still Rising as More Buyers Chase Every Home
The latest figures show that house prices are still on the up – with nearly 10% more sales going through than last year. The average UK house price is still climbing because there are more buyers looking to move than there are houses for sale. This means buyers are often finding themselves competing with others…
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As Mortgage Rate Rises Return, What Are The Best Deals This Week?
The average UK property is now worth £293,000 – that’s a hefty 1.5% jump in just one month (up to August) and 2.8% higher than a year ago, says the UK House Price Index. This property price rise is probably linked to the fact that mortgage rates have been falling recently, encouraging more people to…
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Gen Z Dreams of Building Their Own Homes!
Young people are turning their backs on traditional housing and embracing custom-build homes, a new survey reveals. 64% of 18 to 24-year-olds are considering building their own homes, compared to just 21% of over 55s, according to research by Saffron for Intermediaries. The building society surveyed over 2,000 people across the UK and found that…
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Airbnb Launches “Hosts for Hire” Platform – Could This Boost Your Rental Income?
Airbnb is making it easier than ever to make money from your property, even if you don’t want to do any of the work yourself. The holiday letting giant has launched a brand-new “Co-Host Network” allowing landlords to connect with experienced property managers in their area. Think of it like a dating app, but for…
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ONS House Prices – August 2024
House Prices Climb Higher – But is The Market Cooling Down? The average UK house price hit £293,000 in August 2024, an increase of 2.8% compared to last year, according to the latest official figures. House prices continue to rise – but at a slower pace While prices are still going up, the pace of…
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ONS Price Index of Private Rents (PIPR) – September 2024
Property prices might be slowing down, but rents are still shooting up across the UK, spelling good news for landlords and investors. Despite house prices cooling off, the latest figures from the ONS show that rental demand is still red hot. This means that if you’re thinking about becoming a landlord or expanding your property…