Latest News
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More Landlords are Selling Up, Driven by Tax Fears
If you’re a landlord looking to sell your rental property or second home, you’re not alone. A new analysis from estate agent Savills reveals a big jump in landlord sales across the UK – and it could be down to fears over changes to capital gains tax (CGT). The data shows sales of buy-to-let properties…
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Landlords Hit with £700 Fees as More Councils Introduce Mandatory Licensing Schemes
If you’re a landlord in England, you could be facing hefty new costs. A growing number of councils are introducing ‘selective licensing’ schemes, which require landlords to pay for a special license just to rent out their properties. According to a Freedom of Information request, the average cost of these licenses is a staggering £700.…
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Halifax is Latest to Cut Mortgage Rates Below 4%
Halifax has joined the battle to offer the best mortgage deals, slashing rates below 4%! From August 9th, Halifax is cutting rates by as much as 0.16% on certain products. This means both home movers and first-time buyers can now snag a five-year fixed-rate mortgage at just 3.99% for loans up to 60% of the…
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Landlord Mortgage Rates Reduced by TML
The Mortgage Lender (TML) has announced a cut to its buy-to-let mortgage rates, making it cheaper to either remortgage an existing property or purchase a new one. TML has reduced rates on a range of its mortgages, with some deals seeing a 0.1% reduction. Here are some examples: Fee-Saver Deals Make A Comeback In addition…
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April Mortgages Lowers Rates on Long-Term Loans
April Mortgages has slashed rates on its long-term fixes, making it cheaper to lock in your repayments for longer. The deals, which let you fix your rate for 5, 10 or 15 years, have all been reduced by up to 0.1% (that’s industry jargon for 10 basis points). That might not sound like much, but…
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Mortgage Rate Drop Revives Homebuying Dreams
Falling interest rates are breathing new life into the housing market, offering hope for those who felt priced out during the recent mortgage mayhem. Remember the endless climb of interest rates that started at the end of 2021? It was a real blow for aspiring homeowners. Grant Nichols from Scout Financial Services sums it up:…
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Central London Offices – Investors are Back!
Investor appetite for London offices is on the rise, but it’s the smaller deals that are driving the market. After a quiet start to the year, the London office investment market is showing signs of life. The second quarter of 2024 saw a significant jump in activity, with £1.54 billion worth of deals completed, a…
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Edinburgh Office Rents Soaring
Edinburgh’s prime office market is heating up, with rents hitting their highest point in almost a decade. The main driver behind this surge is the “flight to quality” – businesses are ditching the old, tired office spaces and opting for swanky, modern digs in prime locations. Since the pandemic, companies are looking for spaces that…
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Scottish House Prices Keep Climbing Despite Fewer Sales
Scottish house prices continued to rise in July, even though there were fewer homes changing hands. This has been the trend for eight months in a row, showing a strong housing market north of the border. Experts from the Royal Institution of Chartered Surveyors (RICS) say that 30% more surveyors saw house prices increase than…
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Welsh House Prices Down but Property Market Looking Up!
Despite house prices dipping in Wales in July, demand from buyers and the number of properties coming onto the market are both on the up, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey. This positive trend has led property experts to predict a rise in the number of house sales…