Latest News
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TMW Buy-to-Let Rates Down to 3.69%
The Mortgage Works, a specialist in buy-to-let lending, has just cut their rates, meaning you could save on your mortgage payments. Let’s break down what’s new: Rates Starting From 3.69% You can now snag a buy-to-let mortgage with The Mortgage Works starting at 3.69%. This is a 2-year fixed rate for individual landlords, and it’s…
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Bradford Blazes a Trail as UK’s Property Hotspot!
Northern cities dominate the latest ranking of property hotspots, with Bradford taking the top spot for the second quarter in a row. The news is sure to be welcomed by sellers in those areas, but buyers across the country may be wondering if they need to cast their net wider to find a bargain. The…
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London House Prices Stall as Buyers Hit the Pause Button – Savills
The property market in prime parts of London has taken a bit of a breather, with prices barely budging. Estate agent Savills reckons it’s because buyers are holding back to see what happens with the new government and interest rates. While fancy homes in the centre of London have dipped slightly in value, family homes…
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Rent Prices Hit Record Highs – Rightmove
Data from Rightmove, the leading property website, shows that average advertised rents outside of London hit a record high of £1,316 per month in May. That’s a 7% increase compared to last year, easily outpacing inflation. In London, things are slightly different. While rents are still climbing (up 4% from last year), the rate of…
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Election Uncertainty Put Expensive Homes on Ice
Even though the prime housing market is usually pretty steady, Savills, the estate agents, say that prices haven’t really budged lately. Why? Because everyone’s been a bit nervous about the general election. Frances McDonald, from Savills, reckons that some rich buyers are holding back, waiting to see who’s in charge before splashing their cash. After…
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Rental Yields Rise Across England & Wales
According to the latest data from Fleet Mortgages, the total average rental yield for England and Wales has jumped 1% to 7.6% compared to this time last year. This follows an even bigger jump from the first quarter of this year, where yields reached 7.1%. The simple reason behind this surge? High demand and limited…
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Hope Capital Ups the LTV on Development Exit Loans
If you’re a property developer looking for a lifeline to get your project over the finish line, Hope Capital, the bridging lender, is making it easier than ever to get the cash you need. The loan, launched in 2021, is designed to help developers who have completed their projects but are still facing pressure from…
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Mortgage Rate Cuts – Bluestone Slashes Rates for Homebuyers
Good news for those looking to buy a home! Bluestone Mortgages has announced cuts to its mortgage rates, making it cheaper for you to get on the property ladder or remortgage your current home. How much cheaper are Bluestone’s mortgages? Bluestone has reduced rates across all its products, with some mortgages dropping by as much…
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LendInvest Lowers Buy-to-Let Rates to 4.99%
It’s great news for landlords looking to expand their property portfolio or simply get a better deal on their existing mortgages. LendInvest, a popular name in the buy-to-let lending world, has just announced a new range of lower interest rates, starting from a super-competitive 4.99%. What’s the Deal? LendInvest has slashed rates on selected 5-year…
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Election Jitters Hit Scotland’s Commercial Property Market
It’s a well-known fact: uncertainty is bad for business. And right now, Scotland’s property market is feeling the jitters as the general election looms. New figures from property advisory firm Lismore Real Estate Advisors reveal that investment deals in Scotland’s commercial property market fell by 15% in the second quarter of this year. This means…