Latest News
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Hinckley and Rugby Helps Homebuyers to Get Mortgages Despite Credit Issues
Hinckley and Rugby Building Society has announced changes to its lending criteria, making it easier for people with past credit problems to get a mortgage. The building society has relaxed the rules on its “credit flex” mortgage, which is specifically designed for those who might have been rejected by other lenders. What are the changes?…
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ONS House Prices – April 2024
The average UK house price has reached £281,000, according to latest statistics from the ONS. While this marks a slight increase of 0.3% from March, the annual growth rate has slowed to a modest 1.1%, hinting at a shift in the market. Is the property boom finally losing steam? The latest figures from the UK…
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ONS Price Index of Private Rents (PIPR) – May 2024
Rents are still rising across the UK, but there are signs that the pace of increases is slowing down, giving landlords and potential investors plenty to think about. The latest figures show that the average rent across the UK went up by 8.7% in the year to May 2024. This means that if you were…
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Metro Bank Makes Mortgages Easier
Looking to buy a home or invest in property? Metro Bank just announced some big changes to their mortgage rules that could make things easier for you. Here’s what you need to know: Interest Only Mortgages – More Flexibility If you’re considering an interest only mortgage, Metro Bank has made some changes. They’ve upped the…
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Edinburgh Tops Property Hotspots for Middle East Investors
Edinburgh has overtaken Manchester and Sheffield as the most sought-after location for Middle Eastern property investors, according to new data. New research from international property investment company IP Global reveals a surge in interest from Middle Eastern investors looking to buy in the Scottish capital. Inquiries from venture capitalists in the Middle East jumped from…
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Sun-Kissed Italian Homes Up For Grabs From Just €3!
Dreaming of a charming Italian getaway? Sambuca di Sicilia, the picturesque town that made headlines in 2019 for selling homes for a steal, is back with another tempting offer. This time around, ten properties in the town’s historic Saracen district are hitting the auction block with a starting price of just €3. Yes, you read…
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From Students to Property Tycoons – Sisters Reveal How They Built a £2 Million Portfolio in Their 20s
Two sisters in their early thirties have revealed how they built a multi-million pound property empire – all starting from their student days. Ruth Shipley-Palmer, 32, and her sister Becky, 33, currently own eight properties worth over £2 million, raking in a cool £120,000 each year in rental income. But their journey began much earlier,…
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House Buyers Desert Market as Mortgage Lending Hits Rock Bottom
Mortgage lending has plummeted to its lowest point since interest rates began their relentless climb back in 2013, leaving those hoping to buy a home stuck in the doldrums. A new report from Octane Capital paints a bleak picture for the housing market, with total mortgage lending hitting a paltry £50.5 billion in the first…
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15-Year Fixed-Rate Mortgage Offers Security to UK Homebuyer
In a rare move for the UK mortgage market, a borrower has secured a 15-year fixed-rate mortgage, shielding them from potential interest rate hikes for over a decade. A recent loan issued by April Mortgages has highlighted an unusual opportunity for UK homebuyers seeking long-term stability: a 15-year fixed-rate mortgage. The borrower secured a competitive…
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Cash In on the EV Boom – Landlords Can Charge Up Their Profits
Want to make your rental property even more appealing to tenants? It’s time to think electric. New research shows that landlords are embracing the shift to electric vehicles (EVs) and are keen to install chargers for their tenants. A recent study by Direct Line revealed that 86% of landlords with suitable properties would consider installing…