Latest News
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Gwynedd in Wales May Crack Down on Airbnb and Second Homes
Gwynedd County Council is poised to become the first in Wales to introduce tough new rules for second homes and Airbnbs. Gwynedd is facing a serious housing crisis. The number of second homes and holiday lets in the county has skyrocketed in recent years, pushing local residents out of the market. A New Weapon –…
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Build-to-Rent Booming – £1.3 Billion Invested in Q2!
The UK’s build-to-rent (BTR) market is red-hot, with investments reaching a record high in the second quarter of 2024. More Than Just Flats: It’s not just about apartments anymore! Single-family homes are becoming a major force in the BTR sector, attracting a wider range of investors and tenants. In fact, single-family homes accounted for a…
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Is the London Rent Bubble Bursting?
Good news for renters, maybe not so much for landlords – London rents have dropped for the second quarter in a row, according to figures from SpareRoom. While it might seem like a sign of things to come, there’s still a long way to go before things get truly affordable. Rents Still Up, But Slowly…
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Landlords – What Renters Really Want!
Forget fancy kitchens – it’s the basics that matter to today’s renters! New data reveals what they won’t budge on, giving you the edge in this competitive market. The latest stats from Barclays Property Insights show that while rent increases are slowing down, renters are becoming more demanding. It’s not just about the price anymore…
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House Prices Stall as Buyers and Sellers Play the Waiting Game – RICS
The property market is in a stalemate, with both buyers and sellers hesitant to make a move, according to a new report. The Royal Institution of Chartered Surveyors (RICS) monthly survey reveals that the number of house sales has fallen for the third month in a row. This is because there are fewer buyers looking…
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What Does the New Government Mean for Landlords?
The dust has settled on the election, and the Labour government is in. While many landlords might have breathed a sigh of relief when the Conservatives failed to pass their Renters’ Reform Bill, the new government is bringing its own plans to the table. The Big Questions for Buy-to-Let Labour’s manifesto was light on specifics…
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Vida Reduces Buy-to-Let Mortgage Rates
Vida Mortgage has just made it easier and cheaper to get a buy-to-let mortgage. They’ve slashed rates on their existing range, launched a brand new set of products, and made it easier for people with less-than-perfect credit to get a loan. Lower Rates and New Products Vida has cut rates across their buy-to-let range by…
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Homeowners Turning to Second Mortgages in Record Numbers
Brits are increasingly taking out second mortgages, with new agreements hitting a 19-month high in May. But is this a worrying sign for the housing market? Good news for homeowners looking for extra cash – the number of people taking out second charge mortgages has reached its highest point in almost two years. But before…
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First Direct Cuts Mortgage Rates for First-Time Buyers
First Direct has slashed mortgage rates for first-time buyers and those looking to move, joining a wave of lenders offering cheaper deals. In a move that could signal the start of a mortgage price war, First Direct has cut rates on its two, three, and five-year fixed-rate mortgages. This comes after several major lenders, including…
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House Prices on the Up? What Experts Predict for the Rest of 2024
After months of uncertainty, could house prices be about to bounce back? With the election over and mortgage rates beginning to fall, some experts are predicting a mini-boom in the property market. But others warn that the road ahead could be bumpy, with rising living costs and interest rates still a concern. So, what can…