Category “property”

Exploring the Latest Mortgage Rates in the UK

Posted on Monday, 6 May, 2024

For those contemplating purchasing a home, the current mortgage rates in the UK are a pertinent consideration. Mortgage lenders regularly adjust the rates of their products. Consequently, we provide weekly updates on average mortgage rates, allowing for easy comparison with the previous week’s figures. Moreover, you can assess rates across…

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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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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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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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Rightmove Reports: Asking Rents Reach Unprecedented Heights

Posted on Sunday, 23 July, 2023

The latest data from Rightmove reveals that average asking rents for new tenants outside of London have reached an all-time high at £1,231 per calendar month. This figure represents a remarkable 33% increase compared to pre-pandemic levels in 2019, with an increment of over £300 from £923 pcm. By contrast,…

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5 Compelling Reasons to Consider Buy-to-Let Investment in 2023

Posted on Wednesday, 12 July, 2023

Each year, prospective property investors and existing landlords contemplate whether it’s the opportune moment to expand their portfolio or enter the market. With the deceleration of annual price growth since the summer of 2022, many wonder if 2023 will present favourable conditions for investment. Depending on your property investment goals,…

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Rental Prices Continue to Rise in the Busier Season

Posted on Wednesday, 12 July, 2023

During the traditionally busy summer months, rental values continue to experience annual growth, indicating a sustained upward trend without any immediate signs of slowing down. In recent years, there has been a consistent departure of landlords from the sector, as noted by Zoopla. However, this trend has been ongoing since…

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