Latest News
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Mortgage Mystery – Brits Baffled by Base Rate!
Are you clued up on what impacts your monthly mortgage payments? A new study by Barclays Bank reveals that many of us are totally lost when it comes to understanding the factors influencing our mortgage rates. While almost everyone (88%) has heard of the Bank of England Base Rate, over a quarter (26%) admit they…
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Mortgage Rates Take a Tumble – Best Deals This Week
Despite rising house prices, mortgage rates are falling, offering hope for those looking to step onto the property ladder. The Halifax House Price Index reported a 0.8% surge in house prices in July, pushing the average UK house price to £291,268. That’s a hefty 2.3% increase compared to last year, marking the most significant jump…
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Second Charge Mortgages Rise to £145 Million in June
Homeowners are increasingly turning to second charge mortgages, with loans reaching £145 million in June, a significant jump of 7% compared to the same period last year. This surge in popularity is reflected in the number of new second charge agreements, which rose by 3% to 3,019 in June, according to the Finance & Leasing…
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First-Time Buyer Hotspots Face House Price Plunge Next April
First-time buyers are the backbone of the UK property market, but some areas are more reliant on them than others. Research reveals the areas where house prices could plummet if the stamp duty holiday is scrapped next year. Currently, first-time buyers don’t pay stamp duty on the first £425,000 of a property’s price. This tax…
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Rental Market Still Hot, Properties Flying Off the Shelves
The rental market is still sizzling! Even though rent increases are slowing down, demand is still sky-high, meaning properties are being snapped up quicker than ever. According to Nicky Stevenson, managing director of Fine & Country, the average time it takes to find a renter is now just 12 days! That means over half of…
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House Prices Still Falling But Green Shoots on the Horizon – RICS
Good news for sellers – the property market is looking a bit brighter! While house prices are still falling, there are signs things might be about to change. The Royal Institution of Chartered Surveyors (RICS) say a combination of lower interest rates and the government’s plans to boost house building have made buyers and sellers…
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Accord Lowers BTL Rates Again
Accord Mortgages has just announced another round of rate cuts, making it even cheaper to own a buy-to-let property. This is the second time this week that Accord has lowered its BTL rates, with the new rates coming into effect tomorrow. What are the new rates? The reductions are across the board, with cuts of…
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Mortgage Price War! Barclays Offers New Lowest Rate
Homeowners looking to remortgage are in for a treat this week, with Barclays slashing their five-year fixed-rate mortgage to a record low of 3.83%! This move comes hot on the heels of similar cuts from rivals NatWest and HSBC, sparking a price war in the mortgage market that’s great news for borrowers. Just yesterday, HSBC…
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Self-Build Mortgage Rates Cut, Loan Size Increased
Buckinghamshire Building Society has slashed rates on its self-build mortgages by up to 0.25% and doubled the maximum loan size to £1 million. This is fantastic news for anyone dreaming of building their own home, as it could make your aspirations much more affordable. The move comes at a time when the government is pushing…
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Landlords’ Yields Hit 10-Year High!
Rental yields have just climbed to their highest point in a decade, reaching 6.3% in the last quarter. That’s the best news for landlords since 2014, and it means your investment properties are starting to bring in some serious cash. The average landlord is now seeing a return of 6.3% on their investments. This is…