Tag: Hamptons
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What Does the New Government Mean for Landlords?
The dust has settled on the election, and the Labour government is in. While many landlords might have breathed a sigh of relief when the Conservatives failed to pass their Renters’ Reform Bill, the new government is bringing its own plans to the table. The Big Questions for Buy-to-Let Labour’s manifesto was light on specifics…
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House Prices on the Up? What Experts Predict for the Rest of 2024
After months of uncertainty, could house prices be about to bounce back? With the election over and mortgage rates beginning to fall, some experts are predicting a mini-boom in the property market. But others warn that the road ahead could be bumpy, with rising living costs and interest rates still a concern. So, what can…
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Rent or Buy? Why Renting Could Save You Cash Right Now!
The age-old question of whether to rent or buy has taken a surprising turn. With crazy house prices and high mortgage rates, renting might actually be easier on your wallet! Let’s look into why renting could be the smarter choice right now. High Mortgage Rates Make Buying Pricey Mortgage rates are a far cry from…
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Smart Move? Holiday Let Owners Ditch Council Tax for Business Rates
As the cost of living continues to bite, many holiday homeowners are making a switch, turning their backs on ever-increasing council tax bills and opting for the business rate system instead. A Growing Trend According to estate agents Hamptons, 78,000 holiday lets were registered for business rates on March 31st 2024 – a significant jump…
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Seller Fatigue – How Does it Affect House Buyers and Sellers?
The property market has been sluggish lately, making it harder to sell homes. But don’t despair! Understanding “seller fatigue” could be the key to a successful sale. We’ve all heard stories about houses flying off the market, but the reality is a bit different now. Research shows it’s taking longer to sell properties, leaving some…
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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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London Property Market Springs into Action
As we tentatively step into summer, albeit with unpredictable weather, London’s property market is showing promising signs of revival after a sluggish start to the year. The early months of 2024 may have dampened spirits with persistent rain and subdued market sentiment, but things are looking up. Speaking to The Telegraph, Peter Wetherell of Wetherell…
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UK House Price Predictions Amidst Elections and Rate Cuts
As we inch closer to summer, the UK housing market remains a mixed bag, marked by subtle shifts in prices, policy changes, and the much-anticipated interest rate cuts. UK house prices are displaying a confusing trend: some indices report a rise while others note a decline. For instance, according to the most recent data: These…
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New Home Sales Hit 11-Year Low Amid Rising Mortgage Rates
The dream of owning a new home before it’s even built has dimmed considerably for many in England and Wales. The latest report from Hamptons reveals a decline in the sale of new homes off-plan, hitting the lowest level since 2013. This downturn, significantly influenced by soaring mortgage rates, marks a troubling trend for potential…
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Selling Your Home Off-Market – The Hidden Side of UK Property
The idea of selling a home ‘off-market’ has been gaining traction, especially among those who prefer discretion and exclusivity. But what does this mean for sellers across the UK, and is it the right approach for you? The FT published a useful overview. Off-market selling, also known as a “quiet listing,” is when a property…