Latest News
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Renters Paying More – Is This The New Normal?
With those pesky interest rates playing havoc with mortgages, rents are still climbing in most parts of the UK. The property website Home says that while London and the Midlands have seen slight dips, rents are still soaring in Scotland, Wales, Yorkshire, and the South West. Average UK rents are now 2.5% higher than they…
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Student Housing Boom Could Be a Bust – Are REIT Investors in for a Rough Ride?
The student housing market has been a gold mine for investors, particularly REITs like Unite and Empiric Student Property. But with the tide turning on student numbers and university finances, are those golden days over? Investors Chronicle reported on the numbers. The Student Housing Boom The past two decades have seen a dramatic increase in…
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First-time buyer mortgages are £100 cheaper than last year – could now be the time to buy?
Good news for first-time buyers – mortgage rates are dropping! It’s finally happening! Mortgage rates are dropping, making it cheaper to get on the property ladder. The average five-year fixed-rate mortgage is now 4.97%, down from a hefty 5.91% a year ago. That’s a significant saving for anyone looking to buy their first home. Two-year…
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London’s Luxury Property Market is Heating Up
Good news for sellers, as demand for prime property in the capital is on the rise. If you’re thinking of selling your luxury London pad, now could be the time! Demand for pricey properties in the capital is on the up, after a bit of a wobble earlier this year. According to the latest figures…
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Eco Homes Hot Property as Buyers Chase Energy Savings
New research reveals a surge in buyers snapping up energy-efficient new builds to combat rising bills. Could this be the right move for you? Forget avocado toast, energy efficiency is the hottest trend for homebuyers right now! One in five buyers are choosing new builds, with a remarkable 60% putting energy efficiency at the top…
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House Hunters Rush to Bag a Bargain as Sales Rise 15%
Good news for sellers as Rightmove data reveals a surge in agreed house sales, fuelled by hopes of interest rate cuts. Could this be the perfect time to sell? The property market is showing signs of hotting up, with the number of agreed house sales jumping by a significant 15% compared to the same period…
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Two-Year Mortgage Deals Double in Popularity as Buyers Bet on Falling Rates
Homeowners are increasingly turning to two-year fixed-rate mortgages in a gamble that interest rates will fall in the near future. New data from online mortgage lender MPowered Mortgages has revealed a surge in popularity for shorter-term fixes. In the first half of 2022, just 21% of movers opted for a two-year fixed rate deal. This…
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Coventry Building Society Reduces Mortgage Rates
Coventry Building Society has announced cuts of up to 18bps on residential fixed mortgage rates and up to 15bps on buy-to-let rates, offering some relief for borrowers in a challenging market. This applies to both new and existing customers, making it a great time to snag a new deal. These cuts apply to two, three,…
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Barclays Slash Mortgage Rates – Big Savings for Homebuyers!
Good news for anyone looking to buy or remortgage their home! Barclays has announced major cuts to their mortgage rates, with savings of up to 0.33% available. Here’s what you need to know: For those buying a new home: Thinking of remortgaging? Here’s a breakdown of some of the key rate changes: These rate cuts…
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Election Jitters and Soaring Mortgage Costs Spook London’s Luxury Homebuyers
London’s prime property market had a lukewarm June, with sales slumping by 17% compared to last year. Experts are pointing fingers at the recent election and sky-high mortgage rates for scaring away deep-pocketed buyers. The uncertainty surrounding the election seems to have made wealthy homebuyers hit the pause button on splashing out on luxury pads.…