Latest News
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Mortgage Nightmares – How to Beat the Rate Rise and Save Thousands
Homeowners are facing a mortgage nightmare with soaring interest rates set to add hundreds of pounds to monthly bills. Around 1.6 million fixed-rate deals are due to end this year, meaning many borrowers will be forced to remortgage onto much pricier deals. If your fixed rate is ending soon, you could be in for a…
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Price Right or Risk a Longer Wait – Why Getting Your House Valuation Spot On Matters More Than Ever!
The property market has been a bit of a rollercoaster recently. After some crazy price hikes, things seem to be calming down. But don’t get too excited just yet – for both sellers AND buyers, there’s a new challenge: getting the price right. You see, inflation, while dropping, is still pushing prices up, even if…
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Scottish House Prices Soar to Record High! Is Now the Time to Buy or Sell?
Scottish homes are now more expensive than ever, with the average price smashing through the £225,000 mark for the first time. According to the latest data from Walker Fraser Steele, the average house price in Scotland hit £224,977 in April. That’s a jump of 1.1% compared to March and a significant 2.9% increase compared to…
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Developers Demand Action – Next Government Must Help First-Time Buyers, Say Industry Experts
The UK property development industry is calling for a shake-up, with developers demanding the next government take action to support first-time buyers. 86% of developers surveyed by Shawbrook believe the government needs to do more to help those stepping onto the property ladder for the first time. Labour Favoured For Housing Market Boost The survey,…
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Renters Leaving Landlords Out of Pocket – New Data Shows Worrying Trend
For landlords, the latest figures are showing a concerning trend – more tenants are ending their leases with unpaid rent, leaving you out of pocket. According to new research from Reposit, a company that offers deposit alternatives, 17% of tenancies ended in 2024 with landlords having to reclaim more than five weeks’ worth of rent.…
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Two-Year Fix vs. Five-Year Fix – The Mortgage Showdown!
Homeowners and buyers are facing a tough decision: should they lock in a mortgage rate for two years or five? Last year, most people went for two-year fixes, betting on rates dropping quickly. But now, with rates expected to stay higher for longer, five-year fixes are looking more tempting. What’s Going On With Mortgage Rates?…
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Green Is the New Gold – Tenants are Demanding Sustainable Homes
Forget fancy kitchens, tenants are now demanding eco-friendly features, and savvy landlords are listening. It’s not just a fad, it’s a trend that’s here to stay. According to Handelsbanken, a leading bank for property investors, 92% of landlords have been asked by tenants for things like heat pumps, solar panels, and even EV chargers in…
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Clydesdale Bank Hikes Mortgage Rates for First-Time Buyers
Good news for some homeowners, but bad news for those with small deposits, as Clydesdale Bank tweaks mortgage rates. Clydesdale Bank, part of the Virgin Money group, has announced changes to its mortgage rates, with some borrowers facing higher costs while others could secure a cheaper deal. From tomorrow, June 14th, buyers with smaller deposits…
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New HMO Mortgage Products for Landlords
Foundation Home Loans (FHL) has just launched a new range of products called ‘HMO Plus’ – specifically designed for HMOs that need a commercial valuation, like properties with multiple kitchens. This means landlords have more options when it comes to buying HMOs, especially those that don’t fit the traditional mould. What’s New in HMO Plus?…
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Interest-Only Mortgages – Lower Monthly Payments but Could You Be Left Short?
Thinking about an interest-only mortgage to get your foot on the property ladder or remortgage? They can seem cheaper initially but come with big risks! What is an interest-only mortgage? Unlike a traditional repayment mortgage, where you gradually chip away at the amount you borrowed, an interest-only mortgage ONLY covers the interest charged on the…