Tag: Liverpool
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Mortgage Application Rejected Due to “Unsaleable” Area?
Imagine you’re stepping onto the property ladder, excited by the prospect of owning your first home—a new-build flat in a budget-friendly area of Greater Manchester. It’s close to your workplace in the city centre and perfectly priced for your budget. You’ve even paid a £2,000 reservation fee, confident in the deal since your mortgage broker…
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Rising Costs Make London Homes a Tough Buy
Purchasing a home in London has become a daunting challenge, with mortgage costs now almost 50% higher than renting. This steep rise in costs is placing the dream of homeownership further out of reach for many, as the gap between owning and renting widens significantly. In the heart of London, particularly within its more affluent…
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No More Waiting – Chain-Free Homes Fetch Higher Prices
When it comes to buying a home in England’s bustling cities, properties that are sold without the complexities of an onward chain are fetching higher prices than their counterparts. Recent research by Home Sale Pack highlights that these chain-free homes are not just a relief from the stressful buying process, but also come with a…
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Boom or Bust? The Turbulent Journey of UK House Prices Post-Covid
The last four years have been nothing short of a rollercoaster for the UK housing market, fueled by a global pandemic, shifts in working habits, and significant economic pressures. From dramatic rises to unexpected stability and stark declines, the trajectory of house prices has varied wildly across the country. Here’s a comprehensive look at how…
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Mortgage Rates and House Prices Will Stabilise
The Office for Budget Responsibility (OBR) has provided a more optimistic forecast for UK mortgage rates. For those worried about rising mortgage rates, the OBR has some good news. The peak mortgage interest rate is now forecasted to hit 4.2% in 2027, a decrease from the previously predicted peak. Even more encouraging is that mortgage…
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UK’s Build to Rent Boom Continues
Growing investment for Build to Rent (BTR) properties is signaling a major shift in the way city dwellers find their homes. The BTR sector has seen an influx of £4.5 billion in investments throughout 2023, as reported by the leading lettings agency Savills. This investment marks the second highest annual figure ever recorded, slightly trailing…
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UK Build to Rent had £4.5 Billion Investment in 2023
The UK’s Build to Rent (BTR) market has recorded its second highest year of investment in 2023, amassing a whopping £4.5 billion. This figure, hot on the heels of the 2022 record of £4.6 billion, showcases a robust and expanding sector. What’s even more striking is the remarkable surge in Single Family Housing (SFH) investments,…
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Phil Spencer’s Essential Tips to Avoid a Property Pitfall
Buying a home is not just a financial decision; it’s deeply personal. One family’s dream home could be another’s nightmare. While location and budget are important, they often aren’t what make you fall in love with or completely dislike a property. In today’s Telegraph, expert Phil Spencer shared some tips. Location Considerations Living on a…
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Northern Cities Lead in Buy-to-Let Returns
A recent Zoopla report has highlighted a significant trend in the UK’s property market: Northern and Scottish cities are now the prime locations for buy-to-let (BTL) investors seeking high returns. This shift is primarily due to increasing rents and decreasing house prices in these regions. Rising Rents and High Yields Zoopla’s analysis predicts a rise…
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Rotherhithe Tipped as Top Choice for London Buyers
One leading property boss has placed his bets on Rotherhithe as London’s prime hotspot for purchasing property in 2024. This revelation comes against a backdrop of varying forecasts for the UK’s housing market. Rising Prices Against the Odds Contrary to the gloomy predictions of widespread house price falls in all UK regions, ranging from -1.5%…