Latest News
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Mortgage Limits are Blocking First-Time Buyers, Warns Industry Body
Tough mortgage rules are stopping hopeful homeowners from getting on the property ladder, according to a new report. The Intermediary Mortgage Lenders Association (IMLA), a group representing mortgage lenders, is urging the government to take action. They say the current rules are outdated and are blocking aspiring homeowners, especially first-time buyers. What’s the problem? One…
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Millions of Brits Facing Energy Bill Nightmare as Homes Fail Green Tests
Over half of us are living in energy-guzzling homes, costing a fortune in bills. But could YOU unlock thousands in savings with a few simple upgrades? New research by property website Rightmove has revealed that a shocking 18 million homes in the UK have an Energy Performance Certificate (EPC) rating of D or below. That’s…
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Estate Agent Fees Rise by 21% – Are You Overpaying to Sell Your Home?
Selling your home? Brace yourself! New research reveals estate agent fees have jumped by as much as 21% since 2019, adding thousands of pounds to the cost of moving. The analysis by Open Property Group highlights how much more expensive selling a property has become, despite a slight dip in average estate agent commission rates.…
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Interest-Only Mortgages Fall in Popularity
New data from UK Finance shows that the number of interest-only mortgages has fallen significantly in the last year. In 2023, there were 664,000 interest-only homeowner mortgages, a drop of 5.4% compared to the previous year. This continues a long-term trend – since 2012, the total number of interest-only mortgages has plummeted by a staggering…
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Bolton House Prices Holding Strong
House prices in Bolton are continuing their steady climb, offering a reassuring sign for both buyers and sellers in the area. April saw a 0.7% increase in prices, meaning the average house price in Bolton now sits at £190,276. This follows a pattern of growth, with prices rising by a healthy 2.8% over the past…
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Luton house prices holding steady but still below last year
Good news for Luton homeowners! House prices inched up slightly in April, offering a glimmer of hope in a turbulent housing market. The average house price in Luton rose by 0.4% in April, bringing the average property price to £270,071. This small increase comes after a period of decline, with prices dropping by 2.5% over…
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Fleet Launches Cheaper BTL Loans
Fleet Mortgages is making it easier than ever to get a buy-to-let loan, with new deals and lower rates. New Fixed-Rate Deals Fleet Mortgages has launched two brand new five-year fixed-rate deals for both individual and limited company landlords. Lower Rates For Existing Products That’s not all! Fleet Mortgages is also reducing rates on some…
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HSBC Slashes Mortgage Rates
HSBC is cutting mortgage rates across the board from tomorrow, June 26th, offering some relief to both new and existing borrowers. This good news comes after months of rising mortgage costs and means cheaper deals for those looking to buy a home or remortgage. Here’s a breakdown of the changes: Residential Mortgages: Buy-to-Let Mortgages: Why…
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Landlords – How the Election Could Shake Up Your Property Portfolio
The upcoming general election is heating up, and one of the hottest topics is housing. With 35% of England living in rented accommodation, both landlords and renters are keenly watching to see how the political landscape will impact their wallets. Renters: A Growing Force in the Election The number of private renters in the UK…
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Expats – Mansfield Building Society Makes it Easier to Buy-to-Let in the UK
If you’re an expat looking to buy a rental property in the UK, Mansfield Building Society has just made it easier for you. They’ve relaxed their lending criteria, opening up more opportunities for landlords living abroad. The biggest change is that Mansfield has reduced the amount of rental income you need to qualify for a…