Latest News
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Seaside House Prices Weather the Property Storm
Love a bracing walk on the beach? You’re not alone! Homes by the sea are as popular as ever, with prices surging ahead of the rest of the UK. New research shows that living by the seaside is as popular as ever, with house prices in coastal areas soaring despite the sluggish property market elsewhere…
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Scottish House Prices – Where’s Cheapest and Most Expensive?
Thinking of buying or selling a house in Scotland? The Registers of Scotland (ROS) has crunched the numbers, revealing the average house prices across the country. Cheapest Places to Buy in Scotland Looking for a bargain? Head to Inverclyde! It boasts the lowest average house price in Scotland at just £107,108. That’s a steal compared…
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Middle-Aged Renters – A Goldmine for Developers?
The UK’s rental market is facing a demographic shift, with older renters becoming a more prominent force. This presents a lucrative opportunity for large-scale developers, who are increasingly targeting this group with new build-to-rent schemes. A growing number of people over 35 are finding themselves stuck in the private rental sector. This is driven by…
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Shawbrook Offers Mortgages to Wider Range of Landlords
It’s good news for landlords looking to expand their property empires! Shawbrook Bank has just loosened its lending criteria, making it easier than ever to get a mortgage for a range of properties, from multi-unit blocks to industrial spaces. First-time landlords – Shawbrook is now offering mortgages on multi-unit freehold blocks (MUFBs) with up to…
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House Prices Set to Rise Despite Being ‘Overvalued’ – Zoopla
Good news for sellers as Zoopla predicts house prices will climb by almost £4,000 this year – but buyers will need deeper pockets. Property website Zoopla has revealed that house prices are expected to rise by 1.5% in 2024, adding an average of £3,900 to the value of a typical home. This comes despite their…
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Mortgage Squeeze – More Homeowners to Feel the Pinch
Bank of England warns of tough times ahead but says banks are ready to help The Bank of England (BoE) has warned that the number of homeowners struggling with their mortgage payments is set to rise over the next two years. This comes as no surprise, as many households are already grappling with the soaring…
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New 95% Shared Ownership Mortgage to Help First-Time Buyers
Suffolk Building Society has launched a new mortgage specifically designed to help first-time buyers purchase a home through shared ownership. The new mortgage has a fixed interest rate of 5.25% for five years and allows buyers to borrow up to 95% of the property’s value. This means that buyers could secure their home with a…
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CHL Offers Landlords New Low Mortgage Rates
Specialist lender CHL Mortgages has launched a range of limited edition mortgages for landlords. The mortgages are available on two and five-year fixed-rate deals. The lowest rate on offer is 3.95% for a two-year fix. For landlords looking for the security of fixing their payments for longer, five-year fixes start at 4.99%. Borrowers can choose…
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Coventry Cuts Rates – Is Now the Time to Bag a Mortgage Bargain?
Mortgage rates are falling as experts predict the Bank of England will soon slash interest rates. Coventry Building Society is the latest lender to announce it’s cutting rates on some fixed-rate mortgages. This comes hot on the heels of similar moves by high-street giants HSBC, NatWest and Barclays. These cuts will be a welcome relief…
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Edinburgh’s Short Lets Crackdown – Is It Working?
Edinburgh’s controversial short-term let licensing scheme is facing a review this summer, and it could mean big changes for Airbnb hosts and short-let landlords. What’s Happening? The council is holding a public consultation on the current short-term let licensing scheme. This comes after a decision last year to review the policy after a year in…