The cost of buy-to-let mortgages has dropped further, the latest research from Property Master shows. The biggest month-on-month fall in cost was for the five-year fixed rate buy-to-let mortgage at 65% loan-to-value (LTV), dropping by £48 per month between February 2019 and February 2020 for a £150,000 mortgage. This represents a saving of almost £3,000 […]
Visits to Rightmove surpassed 150 million for the first time on Rightmove in January, making it the busiest month ever recorded as home-hunters looked to take advantage of a more certain political outlook. There were over 152 million visits to Rightmove in January, a 7% increase on January 2019. The previous record for the busiest month was […]
urvey suggests 300,000-homes target is too low, with doubt over government’s ability to meet it anyway. Over half of real estate professionals in the UK say the government’s target of 300,000 new homes a year is too low. New research by innovation and property specialists Engen Group – which focusses on addressing environmental challenges such […]
An agent marketed a UK residential property for £795,000 but with just 1% Stamp Duty, i.e £7,950. The agent had NOT made a mistake! Ordinarily, the Stamp Duty on a £795,000 investment property would be £53,600 after factoring in the 3% additional rate. Our client, who was extremely interested in buying the property, queried this […]
There was a pick-up in activity for home movers, landlords and borrowers remortgaging to release additional equity in December, the latest figures from UK Finance reveal. The figures also show a marginal uplift in lending to first-time buyers. The number of loans to remortgage borrowers rose who were sought additional borrowing rose by 5.9 per […]
The residential property market has enjoyed what some are referring to as a ‘Boris bounce’ following the result of the recent general election result, with confidence across different sectors of the market improving significantly. Fresh analysis of the property development finance market by Saffron Building Society reveals that the industry is among those benefiting from […]
The Conservatives’ general election victory in December has triggered a new burst of housing market activity as confidence flows back into the market, according to The ValPal Network. Ahead of last year’s general election, housing market activity had been on hold while potential buyers and sellers waited for the political situation to become clearer. But the instant […]
2019 brought with it much uncertainty, with falling property prices leading many to fear the start of a property price crash. Despite significant events such as Brexit contributing to the panic, the reality is that the UK property market still remains a strong and resilient investment consideration; it is simply perception that prevents individuals from […]
The average cost of a home in the North East will double over the next 15 years, researchers say, prompting hopes of ‘reverse brain drain’ and a business boom. Respected consultant Oxford Economics forecasts that the average price of a house in the region will rise to £277,558 by 2030, compared to £162,345 today and […]
Visits to Rightmove surpassed 150 million for the first time on Rightmove in January, making it the busiest month ever recorded as home-hunters looked to take advantage of a more certain political outlook. There were over 152 million visits to Rightmove in January, a 7% increase on January 2019. The previous record for the busiest month was […]