Latest News
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Mortgage Rate Meltdown – This Week’s Best Deals
Fixed mortgage rates are dropping fast, making it cheaper to borrow for your dream home. Good news for anyone looking to buy a home or remortgage! Lenders are slashing their fixed mortgage rates, with some of the lowest deals falling for the second week in a row. This means you could bag yourself a bargain…
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Longer Mortgages Could Cost First-Time Buyers an Extra £110k
First-time buyers face the crushing reality of paying off their mortgages well into their retirement years, new research reveals. The average first-time buyer is now a ripe old 33 years and 8 months old when they finally get their foot on the property ladder. And with mortgage terms stretching out for an average of 30…
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Renters Are Snapping Up Homes FAST in These Areas!
The rental market is booming, and some areas are seeing tenants snatch up properties quicker than you can say “deposit”. Renters are on the move, and here’s where they’re headed: Fastest Rental Markets: Slowest Rental Markets: Expert Advice: OnTheMarket president, Jason Tebb, says: “The rental market is super competitive, and some tenants are having to…
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Landlords Are Sticking with Fixed Rate Mortgages – Here’s Why
The buy-to-let market is changing, but one thing remains constant: landlords are still looking for stability when it comes to their mortgages. A new survey by Landbay shows that 71% of landlords are planning to go with a five-year fixed rate mortgage when they remortgage, up from 49% last year. Why Are Landlords Choosing Fixed…
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London House Prices Fall but Sales Rise After Election
Good news for Londoners looking to sell their homes: after a slow start to the summer, the capital’s property market is bouncing back, with sales rising following the general election. The number of homes sold in July 2024 was almost 9% higher than in July 2023, according to property experts LonRes. This surge in activity…
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Sell or Keep? Holiday Let Tax Change Could Cost You Thousands
Get ready, landlords! The government is about to shake up the tax rules on furnished holiday lets (FHLs) and it could cost you big time. What’s Changing? From April 2025, FHLs lose their special tax status. This means: What Should You Do? It’s Time To Make A Decision: Don’t Delay:
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Paragon Cuts BTL Rates by up to 20bps
Paragon Bank has just slashed rates on many of their buy-to-let (BTL) mortgages, making it a bit easier to make those rental profits. Lower Rates, More Options Paragon Bank has reduced rates on 20 of their BTL mortgages by up to 20 basis points (bps). That means you could save a bit of cash on…
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ONS House Prices – June 2024
House prices are still rising, but at a slower pace than this time last year. The average UK house price in June 2024 was £288,000, a rise of 2.7% annually. This latest data from the ONS UK House Price Index for June 2024 shows that while prices are still increasing, the pace of growth has…
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ONS Price Index of Private Rents (PIPR) – July 2024
Rents are still going up across the UK. But with tenant demand slowing and fewer properties coming onto the market, is this about to change? Read on for the facts and figures every landlord needs to know. UK Rent Prices Still Climbing in 2024 The latest figures from the ONS show that renting out your…
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Mortgage Rate Cuts from Co-op and Halifax
Co-op and Halifax have both lowered their mortgage rates, a move that could save you thousands of pounds! The Co-operative Bank is shaking things up with its “Mainstream” mortgage range, offering lower rates for both new and existing customers. New buyers looking at 2, 3, or 5-year fixed-rate mortgages could see their interest rates drop…