Author Archive

Christmas opening hours

Posted on Saturday, 9 December, 2023

From all of us at Lakin & Co, we wish you a happy Christmas and New Year! 🎄🎁🎅 Please find our opening hours over Christmas.

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Predicting House Prices: Anticipated Trends in Asking Prices for 2024

Posted on Monday, 4 December, 2023

Average mortgage rates have been steadily decreasing since July, providing a more stable and predictable environment for homebuyers compared to the volatility of the previous year’s mortgage market. Currently, the average two-year fixed rate stands at 5.52%, and the average five-year rate is 5.11%. Despite the improved outlook for mortgage…

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House Price Index – November 2023

Posted on Monday, 13 November, 2023

The year has exceeded expectations, with sellers adopting more competitive pricing strategies. The average property asking price is now £362,143 and the average rent £1,231 PCM The current year is surpassing expectations, with sellers adopting more competitive pricing strategies. This month, average new seller asking prices have decreased by 1.7%…

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Halifax Reports a 1.1% Rise in UK Housing Prices for October

Posted on Tuesday, 7 November, 2023

The UK’s average house prices broke a streak of six consecutive monthly declines in October, witnessing an increase of nearly £3,000 compared to September’s values, as the cost of a typical home rose. The latest data unveiled by Halifax has reported an unexpected surge in average housing prices for the…

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Roughly a Third of Landlords Have Expansion Plans for Their Portfolios

Posted on Friday, 27 October, 2023

In the latest survey by Landbay, 32% of buy-to-let landlords participating in the study expressed their intention to purchase property within the next year. In spite of consistently elevated interest rates and an atmosphere of uncertainty regarding the government’s long-term intentions for the rental sector, Landbay’s most recent survey reveals…

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Marked Increase in Yearly Rental Yields Across England and Wales

Posted on Thursday, 19 October, 2023

Fleet Mortgages’ Latest Market Analysis Shows Third Consecutive Quarterly Rise in Annual Rental Yields Specialist buy-to-let lender, Fleet Mortgages, has unveiled the most recent edition of its Buy-to-Let Rental Barometer, which presents rental yield data for Q3 2023 across England and Wales, comparing it to the same period in 2022….

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October sees the smallest 15-year rise in asking prices: Rightmove

Posted on Wednesday, 18 October, 2023

Rising levels of homes hitting the market have compelled sellers to price their properties more competitively. This shift has led to the typical seasonal increase in asking prices for October dropping to its lowest point since 2008. While September saw a modest 0.2% uptick in asking prices, it serves as…

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Propertymark: Persistent Rental Demand Outpaces Supply

Posted on Tuesday, 26 September, 2023

August witnessed a rise in the average number of potential tenants registering for rental properties, with 197 registrations compared to the 149 recorded in July. Simultaneously, the supply of available rental properties per member branch dwindled, averaging just 11. Furthermore, 69% of agents participating in the survey reported an increase…

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Government Makes a U-Turn, Cancels Plans for EPC Upgrades

Posted on Sunday, 24 September, 2023

Rishi Sunak has officially confirmed the growing speculations regarding the government’s intention to ease certain critical green policies, specifically the proposed minimum Energy Performance Certificate (EPC) standards for rental properties. These standards were expected to impose significant costs on landlords. In his address, Sunak pointed out the substantial expenses associated…

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Bank of England Maintains Interest Rates at 5.25%

Posted on Sunday, 24 September, 2023

The Monetary Policy Committee of the Bank of England has voted narrowly, with a 5-4 split decision, to maintain the Bank Rate at its current level of 5.25%. This decision comes after a staggering 14 consecutive rate increases aimed at curbing inflation. The financial industry had been in a state…

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