Tag: Scotland
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Mortgage Market Gets a Much-Needed Boost! Who Has the Best Rates?
There’s a ray of light in the mortgage market as some of the top rates have started to drop. This comes as the Bank of England reports that mortgage borrowing shot up from £1.3 billion in May to £2.7 billion in June! While the number of mortgage approvals stayed steady at 60,000, this surge in…
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Sandbanks Tops the Charts for the UK’s Highest Seaside House Prices
Dreaming of a house by the sea? Be prepared to splash the cash in Sandbanks, Dorset! New research from Rightmove has crowned Sandbanks as the UK’s most expensive coastal area, with homes there fetching an eye-watering average of £1,582,331. Luxury Living Along the Dorset Coast The study, which crunched the numbers on over 200 coastal…
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House Prices Up £1,815 – Nationwide
Good news and bad news for UK homeowners this month. The average house price went up by £1,815 in June, but while some parts of the country are booming, others are seeing prices fall. The Nationwide House Price Index, which tracks what’s happening in the property market, says that house prices are now 1.5% higher…
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Paragon Slashes Rates on Two-Year BTL Mortgages
Paragon Bank has just announced some tempting new rates on their two-year fixed-rate buy-to-let mortgages. So, if you’re looking to buy or remortgage a property, now could be the perfect time to grab a deal. Paragon are offering rates starting from just 3.89% for single self-contained properties with good energy ratings (A to C). That’s…
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Edinburgh House Prices Set to Soar as Experts Predict ‘Inevitable’ Growth
Good news for Edinburgh homeowners, but buyers could face being priced out, warn experts. Edinburgh’s soaring house prices are showing no signs of slowing down, according to property experts DJ Alexander. This comes as no surprise, as Edinburgh has seen a huge 10.2% population surge in the last decade, fuelled by an influx of skilled…
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Scottish Commercial Property Market – Is Now the Time to Invest?
The Scottish commercial property market is showing signs of life after a tough few years, with occupier demand slowly creeping back up. But while things might be looking brighter, there’s still a lot of uncertainty hanging in the air. Occupier Demand on the Rise, But Not Everywhere Overall, occupier demand across all sectors saw a…
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More Landlords Needed Says Rightmove
The latest figures from Rightmove show that average advertised rents outside London have hit a record high of £1,314 per month, an impressive 7% increase from last year. In London, rents have also surged to a new record of £2,661, a 4% jump from last year. Demand is Still Sky High While rent inflation has…
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Get a 5-Year Fixed BTL Mortage with Paragon’s New Deals
Looking for a mortgage deal that’ll give you peace of mind for the next five years? Paragon Bank has just launched some limited edition deals that might be perfect for you. Paragon is offering four new fixed-rate buy-to-let mortgages for a period of five years. These deals are split into two groups – two options…
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Scottish Prime House Prices Cooling but Set to Rise Again Soon
Good news for sellers, prices are set to rise again soon – but buyers are starting to get more for their money in some areas. Here’s the latest on luxury house prices in Scotland. The good times in the luxury homes market in Scotland might be coming to an end – for now at least.…
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Landlords are Ditching Buy-to-Let, Leaving Renters in the Lurch
It’s not a good time to be a landlord, especially if you’re looking to expand your portfolio. New figures show that buy-to-let purchases are at an all-time low, with landlords snapping up just 10% of homes sold in the first half of this year. That’s the lowest share since 2010 and a far cry from…