Tag: First-Time Buyers
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Landlords Selling Homes as Property Market Booms – Zoopla
The property market is experiencing a surge in activity, with 26% more homes currently in the buying process compared to this time last year. That’s according to the latest research from property website Zoopla. Zoopla’s data reveals that 306,000 homes, worth a combined total of £133 billion, are currently being bought and sold. This surge…
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Best Mortgage Rates Amidst Budget Uncertainty
Mortgage rates are creeping up again – just a week before the Government announces its Autumn Budget. Experts think buyers and sellers are getting nervous about what the Chancellor might do. Nobody’s certain what the impact of the Budget will be, which could be making lenders a bit jittery. That means higher rates for borrowers,…
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Gen H Slashes Mortgage Rates: Good News for Buyers!
Mortgage lender Gen H has announced cuts to their rates, offering a glimmer of hope for potential homebuyers. The company has reduced rates across a range of its mortgages by up to 0.25%, making it cheaper for both first-time buyers and those moving up the ladder to get a mortgage. So, how much could you…
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Mortgage Rate Cuts from Furness
Furness Building Society has cut mortgage rates by up to 0.25% for both residential and buy-to-let borrowers. This is welcome news for anyone looking to buy a home or expand their property portfolio. The cuts apply to fixed-rate products across a range of loan-to-value ratios (LTVs), meaning that there are savings to be made for…
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Luton House Prices Rising: First-Time Buyers Fork Out £35k More Than 5 Years Ago!
Luton property prices rose again in August, defying the national trend. The average house price in Luton now sits at £272,220, a 2.8% jump from July. That’s way higher than the average increase across the East of England (a measly 1%) and the UK as a whole (just 1.5%). First-Time Buyers Feeling the Pinch If…
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Colchester House Prices Beat National Average
Good news for Colchester homeowners! House prices are rising, outpacing both the regional and national averages. The latest figures from the Land Registry reveal that the average house price in Colchester climbed by 0.6% in August, reaching a healthy £309,760. That’s a tidy increase of £9,300 compared to the same time last year – a…
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Watford House Prices Dip in August
While house prices across the UK and the East of England enjoyed a sunny increase in August, Watford saw a little dip. Don’t panic just yet! The latest Land Registry figures reveal that the average house price in Watford during August was £393,499. That’s a tiny 0.7% drop from July. It might not be the…
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Crawley Property Prices Skyrocket Over 500% in 30 Years!
Crawley has come top of the list for house price surges in new towns, with properties increasing in value by a whopping 543% over the last 30 years. Research by Halifax has revealed that back in 1994, the average house price in Crawley was just £63,712. Fast forward to 2024, and that same average house…
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ONS House Prices – August 2024
House Prices Climb Higher – But is The Market Cooling Down? The average UK house price hit £293,000 in August 2024, an increase of 2.8% compared to last year, according to the latest official figures. House prices continue to rise – but at a slower pace While prices are still going up, the pace of…
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New Town, New Home? Bargain Houses Up For Grabs!
Thinking of buying a home but worried about sky-high prices? New towns could be the answer! Forget London, homes in new towns are thousands of pounds cheaper – and their value is shooting up! That’s according to new research from the Halifax, which found that you could save almost £50,000 by ditching the city for…