Latest News
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New Refurb-to-Let Loan for Landlords
Paragon Bank has just launched a brand new loan designed to help landlords give their properties a much-needed makeover. This new “refurb-to-let” product is like a helping hand for landlords who want to update their properties, without the hassle of traditional bridging finance. What’s So Great About This Loan? The key here is flexibility. Landlords…
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LendInvest Now Helping You Remortgage, Even If You’ve Got a Bad Credit History
Worried about getting a new mortgage? LendInvest has just launched a brand new product designed to make life easier for those who need to remortgage their homes. The new “65% LTV remortgage product” is aimed at people who might find it tough to get a mortgage elsewhere. This is because they offer mortgages to people…
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House Prices Fall, But North-South Divide Widens – esurv
Hold onto your hats folks, because the housing market is still a bit of a rollercoaster ride! The average house price in England and Wales has gone down a little, by 0.2% in May to £356,014. That means it’s £600 cheaper than the month before. But don’t get too excited, because that’s still 3.3% lower…
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Edinburgh Detached House Prices Soaring
Are you dreaming of owning a detached house in Edinburgh? You might need to win the lottery. The price of detached homes in Edinburgh has gone absolutely bonkers, shooting up by nearly £1,500 every single week over the past year. Detached Homes – A Big Jump According to DJ Alexander, Scotland’s biggest estate agency, the…
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Families On The Rise – More First-Time Buyers Have Kids Than Ever Before
Forget the image of young couples just starting out – it turns out more first-time buyers are actually already parents. Yep, families are making a comeback on the property ladder. New research from Santander shows that 20% of first-time buyers in 2023 had at least one child – that’s double the number from just 14 years ago. Back…
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Mortgage Woes – Brits Are Struggling To Keep Up With Payments
The Bank of England has revealed that more and more homeowners are falling behind on their mortgage payments, with the number of Brits struggling to pay reaching its highest level in almost a decade. The value of mortgage balances with arrears jumped by a whopping 44.5% in the first three months of 2024 compared to…
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Election Fever Won’t Stop Brits From Buying Houses
The UK housing market is showing signs of resilience, with buyers and sellers continuing to make moves despite the upcoming election. According to new data from TwentyEA, the number of homes going under offer has actually gone up this year, compared to last year and even 2019, the last “normal” year before the pandemic. More…
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Landlord Loans – Mortgage Lenders Are Making It Easier to Buy to Let
Good news for landlords looking to expand their property portfolio! Several lenders are making it easier for landlords to get a mortgage, with new products and simplified processes. This comes as competition for buy-to-let landlords heats up, with lenders eager to attract this lucrative market. Melton Building Society Offers New Fixed Rate Deals Melton Building Society…
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Barclays Hike Mortgage Rates – Your Home Loan Could Get More Expensive
It’s bad news for anyone looking to buy a house or remortgage, as Barclays has announced it’s increasing the cost of some fixed-rate mortgage deals. This means your monthly repayments could be higher, adding to the pressure on household budgets. The reason for the hike is a change in the market. Banks are charging each…
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Property Hotspots – Is Leeds The Next Big Thing?
Forget London, it’s Leeds that’s got everyone talking about property, according to the Yorkshire Evening Post. They say that this city is quickly becoming the hottest spot for investors in the North of England. Leeds is packed with culture, buzzing with jobs, and has a booming nightlife. It’s got everything you’d want in a city,…