Latest News
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House Prices Back to Pre-Pandemic Levels But Experts Predict Future Growth
The UK housing market has shrunk back to the same size it was before the pandemic, according to new data from Savills. The total value of the UK housing market is now £342 billion, after a 21% drop in the year to March 2024. This contraction is largely due to fewer people buying and selling…
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Is Owning ACTUALLY Cheaper Than Renting? What £300 Extra a Month Really Gets You!
Thinking of ditching renting and buying your own place? Think carefully! New research shows it now costs £300 more EVERY MONTH to buy a home with a 5% deposit than it does to rent – that’s an extra £3,600 a year! This difference is mainly down to the sky-high mortgage rates we’ve all been seeing.…
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Berkeley Group Profits Take a Hit
The property market is cooling, and it’s hitting the big players hard. Berkeley Group, the luxury homebuilder, is expected to see profits drop by almost 10% in the year ending April, following a slump in sales. Sales Slowdown – Blame the Interest Rates The news comes as no surprise to anyone following the housing market.…
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House Prices Hold Steady Despite Election – Rightmove
Good news for buyers and sellers – the property market is staying strong! The average asking price for a UK home is holding firm at nearly £375,000. That’s according to the latest figures from Rightmove, the UK’s largest property website. Despite the upcoming general election, it seems like people aren’t put off buying and selling.…
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Mortgage Rates Keep Climbing – Is Now the Time to Fix?
House-hunters and homeowners looking to remortgage face higher costs this week as fixed rate mortgages continue to edge upwards. According to financial experts Moneyfacts, the average two-year fixed rate mortgage has gone up by 0.02%, three-year fixes increased by 0.04%, and five-year fixes rose by 0.01% in the last week alone. These increases are driven…
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Bridge the Gap – How to Use Bridging Finance for Your Next Property Deal
The property market is fast-paced and competitive. If you want to get ahead, you need to be smart about your financing. That’s where bridging finance comes in. Bridging loans offer a flexible and quick way to secure a property and get your project moving. Bridging loans have gone from a niche product to a mainstream…
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TSB Hikes Mortgage Rates – What it Means for Your Wallet
Homeowners and landlords are feeling the pinch as TSB increases mortgage rates across the board! Bad news for anyone looking to borrow money or with an existing TSB mortgage – interest rates are going up. The bank has increased rates on a range of its mortgages, meaning higher monthly payments for many. Here’s the breakdown…
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House Prices Stuck as Experts Warn of Too Many Homes for Sale!
Is the dream of selling your home and cashing in on a booming market over? That’s the warning from property experts, who say there are now too many houses up for grabs and not enough buyers. Despite some positive signs for the market recently, with inflation easing and hopes of interest rate cuts on the…
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Coventry Building Society Cuts Mortgage Rates (Again!)
Good news for homebuyers and those looking to remortgage – Coventry Building Society has announced another round of cuts to their fixed-rate mortgages. Just weeks after their last price cut, Coventry Building Society is reducing rates on a range of two, three and five-year fixed-rate mortgages by up to 0.30%. This applies to both new…
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Perthshire House Prices Soar
Could Perthshire be the UK’s hottest property market? Some areas of Perthshire are showing gains of over 20%. Despite the cost-of-living crisis and soaring mortgage rates causing a slowdown in the Scottish property market, Perth and Kinross are standing strong. New data from property experts Rettie reveals that house prices in Perth and Kinross have…