Latest News
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North East Landlords Getting 8% Rental Yields
New research from Paragon Bank has revealed that landlords in the North East are making average rental yields of 8.13% – the highest in the UK! Wales came in a close second at 8.07%, with the North West taking third place at a respectable 7.84%. Yorkshire & Humber also boasted impressive returns, with landlords enjoying…
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House-Hunters Warned: Cheap Mortgage Rates Could Vanish!
Mortgage lenders are starting to increase rates – so if you’re buying a house soon, this could hit you in the pocket. Coventry Building Society has already revealed it is putting up rates and the Co-operative Bank is withdrawing some of its cheapest deals. Experts predict that other lenders, particularly smaller ones, will follow suit.…
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House Prices on the Rise Again – RICS
Good news for sellers – house prices are on the up across the UK for the first time in two years! This is according to the latest Royal Institution of Chartered Surveyors (RICS) UK Residential Survey, which tracks the state of the property market. Prices Climb as Buyers Return The survey revealed that prices rose…
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TSB Tempts Homeowners with New Two-Year Mortgage Deal
TSB has brought back its two-year fixed-rate mortgage for those remortgaging at up to 75% loan-to-value. This means that borrowers with a 25% deposit, or those remortgaging with 25% equity in their homes, will be eligible. The deal comes with a fee of £1,495. And there’s more good news for homeowners looking to remortgage. The…
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Virgin Money Reduces Buy-to-Let Mortgage Rates
Virgin Money has announced a shake-up of its buy-to-let mortgage rates, with some tempting offers on the table. From Wednesday 9th October, you could benefit from a range of new fixed-rate deals and reductions on existing products. Virgin Money is pulling out all the stops for its “Exclusive Buy-to-Let” range, with brand new fixed-rate mortgages…
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Family Help Mortgages Could Be Key for First-Time Buyers – What’s Available?
Good news for those struggling to buy their first home! While it’s still tough to save enough, mortgage options for first-time buyers are improving. Katie Brain, from financial experts Defaqto, explains: “We’ve seen a huge increase in first-time buyers relying on help from family members to get a mortgage.” In fact, 57% of first-time buyers…
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Would You Sacrifice Your Dream Job to Get a Mortgage?
Are you itching to ditch the daily grind and chase your passions? Think carefully – it could be harming your chances of getting a mortgage. New research reveals that a staggering one in four Brits have abandoned their dream jobs due to fears of being rejected by mortgage lenders. A recent survey of 2,000 adults…
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Landlords Face Longer Wait to Evict Tenants Under Labour’s New Plan
Landlords are being warned they could face lengthy delays when trying to evict tenants who fall behind on rent, under new government proposals. The Labour party’s Renters’ Rights Bill aims to give tenants breathing room by increasing the allowed arrears period from two to three months before landlords can issue an eviction notice. This change…
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First-Time Buyers Flood Back to the Housing Market
First-time buyer searches jumped up by 9.1% in September! This follows a 5.4% rise in August, meaning more and more people are looking to buy their first home. This surge in interest comes as mortgage rates become more affordable. The average rate on a 5-year fixed mortgage is currently around 4.5%, making it a good…
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Grainger – Rent Growth Set to Continue Despite Renters’ Rights Bill
Despite the government’s new Renters’ Rights Bill aiming to give tenants more power, industry giant Grainger predicts rents will keep climbing. Grainger, the UK’s biggest residential landlord, has welcomed the Bill but believes it won’t dampen the rental market’s fiery growth. Why? They point to the continuing imbalance between the high demand for rentals and…