Latest News

RENTS RISING AT FASTEST RATE SINCE RECORDS BEGAN

Monday November 21, 2022

Price increase is being fuelled by a chronic shortage in available properties Rental prices have increased at the fastest rate since records began, adding to the cost of living squeeze for tenants. Private rental prices increased by 3.8% in the 12 months to October 2022, representing the largest annual percentage change since records began in […]

INTEREST ON FIXED RATE MORTGAGE DEALS FALLS

Monday November 14, 2022

The average cost of a fixed rate mortgage is on its way down, with some high street lenders reducing their deals by 0.75%   The average cost of a fixed rate mortgage has fallen despite the recent interest rate hike. The typical rate charged on a two-year fixed rate deal has dropped by 0.11% during […]

15 THINGS YOU NEED TO KNOW ABOUT THE PROPERTY MARKET RIGHT NOW

Monday November 14, 2022

  We asked a team of property experts the most pressing questions of all; then we translated their answers into language we can all understand   The housing market can be ­a confusing and frightening arena at the best of times – and let’s face it, these are not the best of times. Because the […]

WHAT DOES THE LATEST INTEREST RATE RISE MEAN FOR HOME BUYERS?

Friday November 11, 2022

The Bank Rate is up by 0.75% but the outlook for mortgage rates is unchanged, with the likelihood borrowing costs will be lower by the year end. Bank of England Rate is up, outlook for mortgage rate improves. The Bank Rate moved 0.75% higher this week. This does not mean the average mortgage rate of […]

MORTGAGE MARKET SHOWS SIGNS OF STABILISING

Tuesday October 25, 2022

Mortgage product choice increases as nearly 900 deals are added, while mortgage rates could ease as the market shows signs of stabilising.   Mortgage rates have hit a 14-year high in the wake of the chaos caused by the mini-Budget. The average cost of a two-year fixed rate deal has soared to 6.65%, while the […]

NUMBER OF PEOPLE LOOKING FOR RENTAL HOMES SOAR BY 88%

Thursday October 20, 2022

Landlords have been overwhelmed by demand with 13 prospective tenants lining up for every rental property. Would-be tenants face huge competition as the average number of people registering on letting agents’ books has increased by 88% from 78 to a record high of 147 between February and September, according to the trade body Propertymark. Estate […]

BOOST FOR BUY-TO-LET LANDLORDS AS ‘NO FAULT’ EVICTION BAN COULD BE SCRAPPED

Thursday October 13, 2022

Government could U-turn on housing strategy promise during chronic rental crisis Landlords could be able to continue to evict tenants without reason after reports that the Government plans to scrap its promise to abolish Section 21. Ministers are discussing putting legislation to ban so-called “no-fault” evictions on ice, as the Government no longer considers the policy a […]

HOW THE MINI BUDGET TRIGGERED CHAOS IN THE PROPERTY MARKET

Monday October 3, 2022

Homeowners on the cusp of selling their property were initially buoyed by the news of the stamp duty cut revealed in Kwasi Kwarteng’s mini-Budget. Many were convinced they could bank a windfall from the tax giveaway and rushed to renegotiate deals with their prospective buyers. But within days sellers were themselves under pressure as the balance of power […]

STAMP DUTY CUT: THE NEW RATES AND HOW MUCH YOU WILL SAVE

Tuesday September 27, 2022

Chancellor Kwasi Kwarteng has slashed stamp duty rates, saving the average buyer in England £2,500 in tax on a home purchase. He has doubled the nil-rate stamp duty band from £125,000 to £250,000 in England and Northern Ireland. This means an extra 200,000 buyers will pay no stamp duty whatsoever. Assuming that the pre-existing stamp […]

HOME BUYING TIMELINE: HOW LONG IS TOO LONG?

Tuesday August 30, 2022

How long is too long when it comes to buying a home? Here’s how long it takes, the steps involved and what might slow you down when purchasing a property.# It can seem like the process of buying a home is shrouded in mystery. What happens once you’ve made an offer? What’s the next thing […]

WE DON’T THINK THERE WILL BE A CRASH IN 2022 – HERE’S WHY

Monday August 8, 2022

  House prices aren’t as overvalued as they were in previous economic cycles Value has spread across the country, giving more people the ability and motivation to move More people are working from home, retiring and reevaluating their lifestyle, which all prompt sales and purchases Nearly a quarter of people said they want to move […]

6 WAYS TO MAKE YOUR HOUSE A SMART HOME

Monday July 25, 2022

Smart home tech can help you save time, money and energy – plus it can add value to your home. Here’s how to turn your house into a smart home.   45% of people in the UK already have smart home technology. And it’s expected to hit nearly 85% by 2026, according to Statista. It’s […]

7 WAYS TO IMPROVE YOU HOME’S EPC RATING

Monday July 25, 2022

Rising energy bills and a hunger for greener living mean a good EPC rating is now more important than ever. Here’s how to get one for your home. An Energy Performance Certificate (or EPC) rating is essentially a review of a property’s ability to use energy efficiently. All homes must have an EPC certificate when […]

IF YOU’RE LOOKING TO SELL, NOW’S THE TIME

Friday July 1, 2022

As the housing market starts to slow, if you’re looking to sell your home, now’s a good time to do it, according to the latest signs in our House Price Index.   The average UK property price has remained broadly unchanged this month, rising by just 0.1% since May, according to our latest House Price […]

INTEREST RATES RISE TO A 13-YEAR HIGH

Monday June 20, 2022

Nearly two million homeowners will face higher mortgage repayments after the Bank of England increased interest rates for the fifth consecutive time.   The Bank of England has increased interest rates for the fifth consecutive time, lifting the official cost of borrowing to a 13-year high. Its Monetary Policy Committee increased the Bank Rate from […]

THE HOUSING MARKET IS AT ITS PEAK – BUT HERE’S WHY YOU SHOULD BUY NOW

Monday May 9, 2022

For a would-be buyer, the property market is intimidating. House prices are at record highs after two years of frenzied demand and competitive bidding. But there are clear signs that the market has peaked. Rising interest rates are pushing up mortgage costs, just as inflation is eating away at savings, households are battling the biggest drop in […]

LANDLORDS SNAP UP HOMES AS RENTS BOUNCE BACK

Wednesday April 13, 2022

Rents have risen by 9.1% in the past year, tempting investors back to the market Landlords have returned to the property market in the biggest bounce back seen since the Government’s buy-to-let tax crackdown six years ago. Investors bought more homes in the first three months of this year than they sold – for the first time since […]

IS NOW A GOOD TIME TO REMORTGAGE?

Tuesday March 29, 2022

With interest rates rising four times in the last three months, and further rises expected later this year, could now be a good time to remortgage?   The Bank of England has raised interest rates four times in the last three months. The latest rise, from 0.5% to 0.75%, means rates are at their highest […]

HOUSE PRICES PREDICTED TO JUMP £20,000 THIS YEAR AS BOOM LASTS ANOTHER 12 MONTHS

Monday March 28, 2022

The Government’s fiscal watchdog has upgraded its house price forecast to 7.4% growth this year Properties will be worth £20,000 more by the end of the year as the Government’s official forecaster has predicted the house price boom has another 12 months to go. High demand and strong household savings mean house prices will climb a further 7.4% […]

HOUSE PRICES HIT NEW RECORD AS BUYERS RUSH TO BEAT THE BANKS

Monday March 21, 2022

Prices in March were 1.7% higher than in February House prices have hit a fresh record high, jumping by nearly £6,000 in a single month amid a rush to buy ahead of rising mortgage costs. The average British home now costs £354,564, according to property website Rightmove, marking the first time asking prices have risen above £350,000. It […]