Housing market activity could snowball in December
Research conducted by estate agent comparison site GetAgent.co.uk indicates a potential surge in the UK property market at the end of the year. Analysis of the past decade’s data shows that the number...
View ArticleRising Mortgage Arrears Signal Tough Times Ahead, Bank of England Reports
The Bank of England’s latest figures reveal a concerning trend in the UK’s mortgage market, with £18.8 billion of mortgage borrowing in arrears in the third quarter of this year. This figure marks an...
View ArticleTwo London Companies Expelled by The Property Ombudsman
The Property Ombudsman (TPO) has recently expelled two London-based companies, Prinsegate Chartered Surveyors and Monsoon Properties, due to their failure to comply with compensation orders issued to...
View ArticleMajority of Tenants Favor Deposit Alternatives, Yet Limited Availability...
A recent study conducted by Zero Deposit, a company offering tenancy deposit alternatives, reveals a significant gap between tenant preferences and the options available in the rental market. Despite...
View ArticleLambeth Council Proposes the UK’s Priciest Selective Licensing Scheme for...
Landlords and letting agents operating in Lambeth, one of London’s largest boroughs, are bracing for the introduction of a selective licensing scheme that could become the most expensive of its kind in...
View ArticleBank of England Maintains Interest Rate, Impacting Mortgages and Property Market
The Bank of England has chosen to keep its interest rate steady at 5.25%, marking two years since the initial rate increase began on 16 December 2021. With expectations of lower inflation in the...
View ArticleParagon Bank Unveils No-Fee Five-Year Buy-to-Let Fixed-Rate Mortgages
Paragon Bank has introduced a series of five-year fixed-rate buy-to-let mortgages, offering borrowers nil product fees, competitive rates beginning at 5.80%, and a generous £750 cashback on selected...
View ArticleWrexham Tops the Charts as 2023’s Most Active Rental Market
Wrexham has emerged as the most sought-after rental location in 2023, experiencing a dramatic increase in tenant interest. According to recent data from Rightmove, rental properties in Wrexham have...
View ArticleDrastic Shift in the Buy to Let Mortgage Landscape
Monthly interest costs have surged by 283% since 2021 for landlords using interest-only mortgages, highlighting the dramatic effects of rising interest rates, while those making a full monthly...
View ArticlePropertymark Calls for Specialised Housing Court to Alleviate County Court...
Propertymark, the professional body for the property sector, has once again urged the Government to create a specialised housing court. This move aims to alleviate the burden on county courts dealing...
View ArticleZoopla Data Reveals Strong Growth in Property Sales as Market Confidence Rises
According to the latest data from Zoopla, the UK housing market has seen a robust increase in new sales agreements towards the end of 2023. According to the latest data from property giant Zoopla, new...
View ArticleCalls Intensify to Abandon Licensing as Government Prepares to Launch...
The imminent launch of the government’s new property portal has sparked a debate about the necessity of selective licensing schemes, with Housing Secretary Michael Gove acknowledging the growing...
View ArticleSeason’s Greetings from Landlord Knowledge
As the holiday season draws near, we would like to wish all of our valued readers a very happy festive break. Recognising the many challenges faced by many landlords this past year, you certainly...
View ArticleBuy to Let Landlords Display Strong Confidence in Property Market Prospects
A recent study from The Mortgage Lender (TML) reveals a robust sense of optimism among buy to let (BTL) residential landlords regarding the property market’s performance in the upcoming year. An...
View ArticleEconomists Predict Interest Rate Cuts and 5% Surge in House Prices in 2024
In a striking prediction, economists are forecasting a dual shift in the UK’s financial landscape for 2024: a reduction in interest rates coupled with a 5% rise in house prices. According to a survey...
View ArticleKensington Mortgages Introduces Cashback and Reduces Rates on Buy to Let...
Kensington Mortgages, a leading specialist mortgage lender, has announced a new initiative, offering cashback on all its buy-to-let (BTL) and residential mortgages, including limited company products,...
View ArticleBoxing Day Sees Record Surge in Property Market Activity, Reports Rightmove
Rightmove has unveiled striking data showing a record-breaking influx of sellers entering the market on Boxing Day 2023. This year witnessed a 26% increase in new sellers, surpassing the previous...
View ArticleHouse Prices Rise Again, but Potential Drop Predicted Ahead
The UK housing market has recently experienced a notable uplift, with house prices rising by 1.1% in December 2023, marking the third consecutive monthly increase and a 1.7% rise throughout the year....
View ArticleRental Market Sees Significant Year-on-Year Price Increase
The lettings market concluded 2023 on a high note, experiencing a substantial year-on-year increase in rental prices, as disclosed by Goodlord’s latest Rental Index. The data shows that average rents...
View ArticleNew Study Identifies Top Cities for Property Investment Based on Social Media...
A recent study by digital mortgage lender Molo has revealed key insights for those looking to invest in the property market, highlighting the most popular cities on social media for 2024 and...
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