Latest News
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BRRRR Your Way to a Property Empire, Using Other People’s Money
For those looking to build a property empire, there’s a growing movement called BRRRR. But is this the real deal, or just another “get rich quick” scheme? The Telegraph investigated recently. The BRRRR Method: A Simple Explanation BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat. It’s a way to build a portfolio of rental properties,…
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Developers Demand More Funding for Planning – Labour Under Pressure
Property developers are crying out for more cash from Labour to help get their projects off the ground! A new survey from Knight Frank has revealed that 52.5% of SME housebuilders are demanding more funding for planning departments. The Chancellor, Rachel Reeves, has promised to recruit 300 new planning officers – but that’s barely one…
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House Sales Taking Six Month as Paperwork Piles Up
Selling your home? Brace yourself for a long wait! The process of buying and selling houses in the UK is becoming a nightmare, with sales now taking up to six months to complete. New research from Propertymark, the estate agent trade body, reveals the shocking scale of the problem. Back in 2016, almost 80% of…
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Fancy Making Extra Cash from Your Spare Room? NatWest Says You Can Now Airbnb Your Home
NatWest has become the first big bank to allow customers to rent out their homes on Airbnb without getting into hot water with their mortgage. For many people, renting out a spare room or even their whole home for a few weeks a year seems like a great way to make extra money. However, most…
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Scotland has Britain’s Most Affordable House Prices
Looking for a home that doesn’t cost a king’s ransom? Pack your bags and head north! Scotland dominates the list of the UK’s most affordable property hotspots, claiming 16 out of the top 20 spots. This is fantastic news for first-time buyers and families feeling the pinch, as average house prices in these Scottish locations…
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Mortgage Rate Cuts – Virgin Money & Clydesdale Offer Relief for Borrowers
Virgin Money and Clydesdale Bank are slashing their variable mortgage rates, offering a glimmer of hope in the face of rising living costs. From today, 11th July 2024: What does this mean for existing customers? Important Note: These changes only affect variable rate mortgages. If you have a fixed-rate or tracker mortgage, your rate will…
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Buy to Let Rates Reduced by Foundation
Buy to Let by Foundation, the buy-to-let arm of Foundation Home Loans, has just announced some price cuts across their product range. Big Cuts for Popular Products The most exciting news? They’ve slashed rates on their popular F1 and F2 two-year fixed-rate products by up to 15 basis points. This means you could save on…
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Best Mortgage Rates This Week as Deals Flood Back!
Good news for buyers and sellers! The mortgage market is finally getting back to normal. After months of chaos, things are finally looking up. The number of different mortgages on offer has soared to a 16-year high, meaning more choice and better deals for you. The average mortgage rate is holding steady, meaning no nasty…
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Scottish House Prices Reach New Highs
Scottish house prices have smashed records for the third month in a row, according to the latest data. The average price tag on a property north of the border has now climbed to £225,636! This latest rise represents a 2.5% jump compared to this time last year and a 0.3% rise from April. This means…
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Size Does Matter – The Number You Need to Know Before Buying Your Next Home
We all know how many bedrooms our homes have, but ask about square footage, and you’ll likely get a blank stare. Turns out, 3 out of 5 of us haven’t got a clue about our property’s actual size – and that’s a big problem, especially for buyers. Think of it like this: you wouldn’t buy…