Tag: Cambridge
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Cambridge House Prices Soaring, But Is It Worth It?
Forget the rent, buying a home in Cambridge is a dream for many, but it’s not cheap. Prices in the city are rocketing, and it’s making owning a slice of the famous university town a serious challenge for many. The latest figures from GoCompare Home Insurance show just how much you’ll need to shell out…
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New Five-Year Fixed Rate Mortgage for Landlords
Cambridge and Counties Bank has recently unveiled a new five-year fixed rate mortgage plan specifically designed for residential landlords, signaling a strategic move to cater to the burgeoning demand from the property sector. The newly launched mortgage product comes at a time when the bank has noticed a significant increase in interest from both clients…
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Are Energy Performance Certificates Still Reliable?
Energy Performance Certificates (EPCs) are essential tools in the United Kingdom, designed to provide insights into the energy efficiency of properties. Issued for homes sold, rented, or built since 2008, these certificates rate properties from A (most efficient) to G (least efficient) and suggest potential improvements. In a time when energy costs are soaring and…
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Southend Property Prices Slide Amidst Regional Gains
In March, Southend witnessed a slight decrease in house prices by 0.9 percent, aligning with a worrying trend as property values in the area have experienced a 3.2 percent annual drop. This decline has left Southend’s average house price at £316,518 according to the latest data from the Land Registry, which reflects a £10,000 decrease…
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House Prices Rise in East Cambridgeshire
The latest figures from the 2024 UK House Price Index (HPI) reveal that house prices across the United Kingdom are experiencing steady growth. However, it’s East Cambridgeshire that’s stealing the spotlight, boasting the largest annual increase in property values in England. East Cambridgeshire, encompassing localities such as Ely, Soham, and Littleport, has witnessed an impressive…
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North vs South, A Tale of Two Housing Markets
The contrast between what the average national house price can buy you in the north versus the south is striking. According to a recent study by Mojo Mortgages, while £261,000 might secure you a spacious detached home in some northern cities, it barely affords a one-bedroom flat in the south. The analysis examined over 3,200…
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House Price Realities – Only a Handful of UK Towns Outpace Inflation
The reality for many UK towns and cities starkly contrasts the common belief that house prices double every decade. Since 2005, only a select few areas—Manchester, Bristol, Cambridge, London, Brighton and Hove, and Edinburgh—have witnessed property price increases that surpass the average annual inflation rate of 3.8%. The data, drawn from tracking 30 cities, reveals…
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UK’s Housing Market’s Top 10 Hotspots
The UK housing market is constantly evolving, and recent data has unveiled some trends that have seen house prices in certain areas soar. In the latest release from the Office for National Statistics (ONS), it’s evident that the UK’s housing market has experienced significant fluctuations. Over the 12 months leading up to February this year,…
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St Albans Property Prices – A Glimpse of Hope Amidst a Downtrend
Homeowners in St Albans have witnessed a small but positive shift in the housing market as of January. In the latest update from the Land Registry, St Albans saw a slight increase in house prices by 0.1 percent in January. However, this small rise does not mask the broader trend of declining property values over…
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The Cambridge Eases the Path for Landlord Mortgages
The Cambridge Building Society is reintroducing top slicing to its standard buy-to-let range, opening doors wider for those looking to expand or step into the property rental market. This move is especially beneficial for experienced landlords who might find themselves short on the required lending amount due to insufficient rental income from their investment properties.…