Latest News
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Second Home Dreams Fading – Is the Party Over for Holiday Home Owners?
The dream of owning a British holiday home, once a sure-fire investment and a chance to escape to the coast or country, seems to be losing its shine. New taxes, soaring interest rates, and a mountain of red tape are making life tough for second home owners, and it’s starting to show. Holiday Home Sales…
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Northern House Prices are Booming – Zoopla
House prices are on the rise across the UK, with northern areas seeing the biggest jumps. According to property experts Zoopla, 15 million homes in the UK have gone up in value in the first half of this year. That’s half of all the homes in the country! So, how much has your house gone…
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Landlords Fleeing? Buy-to-Let Exodus Fuels Rental Crisis
It’s bad news for renters and a potential goldmine for savvy investors: landlords are selling up in droves, leaving a shortage of homes for rent and a bonanza of bargain buy-to-let opportunities. A Landlord Exodus New data from TwentyEA reveals a massive spike in landlords ditching their buy-to-let properties. In June alone, almost 28,000 homes…
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Price Wars – Why Overpricing Your Home Could Cost You Thousands
Want to sell your house fast and for the best price? Of course you do! But in this market, bungling the asking price could cost you dearly. New research reveals that overpriced homes are twice as likely to be taken off the market before they sell! Remember the crazy pandemic property boom? Well, some sellers…
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Friends Can Now Help You Bag a Mortgage!
Good news for first-time buyers struggling to get on the property ladder: you can now borrow more cash with the help of your mates! That’s right, Generation Home (Gen H) has changed its rules to allow friends and family members to boost your income, increasing the amount you can borrow on a mortgage. This means…
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Furness Building Society Reduces Mortgage Rates
Changes at Furness could mean saving hundreds on your mortgage – here’s what you need to know. In a piece of good news for homebuyers and landlords, Furness Building Society has announced a significant cut in mortgage rates, with some slashed by as much as 0.24% Here’s the breakdown: For Homebuyers: For Buy-to-Let Landlords: What…
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London House Prices Finally Edge Upwards
After a year of falling prices, the average house price in the capital inched up by 0.2% in May. This means the average London property will now set you back a cool £523,000! This positive shift, revealed in the latest figures from the Office for National Statistics (ONS), marks the first annual rise since May…
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ONS House Prices – May 2024
Good news for sellers as house prices continue to rise across the UK, but are things looking brighter for first-time buyers too? The average price of a house in the UK reached £285,000 in May 2024, a jump of £6,000 compared to the same time last year. This represents a 2.2% increase annually, showing a…
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ONS Price Index of Private Rents (PIPR) – June 2024
The latest figures from the ONS’ Price Index of Private Rents (PIPR) are in, and while they show a slight slowdown in rent growth, it’s not exactly cause for panic just yet. Rent Increases Still a Reality The average private rent in the UK jumped by a hefty 8.6% in the year leading up to…
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REIT Discounts – The Tide is Turning
Investors who missed out on the last Reit boom are about to get another chance. While the property market has been through a rough patch, things are starting to look up. Experts are saying this is the time to dive back into Reits, Investors Chronicle reports. What’s Happening? Reits are real estate investment trusts, and…