From spikes in inflation, the turbulent political landscape, legislation changes… It’s been a tricky time for landlords. There’s been plenty of change in the property market over the past few months. However, despite the upheaval, with a glut of landlords leaving the market, things have looked pretty positive for the remaining landlords (although not so …
Could holiday lets secure you a bigger return than a traditional rental? The past few years have been a voyage of discovery for many of us. With finances taking a hammering and every new month bringing untold joys, it is no surprise really that many landlords (as many as one in ten if reports are …
Today’s blog is by Stephen Smith, a non-executive director and consultant in financial services, with 40 years experience in the mortgage industry. He joined us on Friday 4th November for a deep dive into the current economic turmoil, so be sure to watch the replay! What is the best advice regarding mortgages right now? I …
What does the Bank of England base rate change mean for you? For the sixth time in nine months, the Bank of England has raised interest rates – now up from 1.75% to 2.25%. By recent standards, the rise – by 50 basis points – is a chunky increase, and it closely follows another 0.5% …
As supply shortages ease, rental growth is on the up Rents across Great Britain rose 8.8% over the last 12 months, according to analysis by letting agency Hamptons. It said the rise showed a slowing of growth from the 11.5% it recorded in May. The average monthly rent now stands at £1,163, which is up …
The Bank of England expected to raise interest rates yet again. Economists are forecasting that the Bank of England will raise interest rates by a quarter percentage point on Thursday, with experts saying the move would affect house prices, as some experts refuse to rule out a rise of half a point — taking rates …
The demand for new homes has fallen to pre-pandemic levels, signaling a slowdown in a previously accelerating demand. This cooling follows a 3-month period of sustained growth in house hunting, according to new research from WhatHouse.com Searches for new build homes slowed by around 7 per cent in April, according to the data. The research …
The City was pretty shocked back in November when the Bank of England held the base rate at 0.1%. We broke down how that affected first time buyers, buy-to-let and remortgages. Today the Bank of England shocked the City again and gave us all an early Christmas surprise as it unexpectedly raised the interest rate …
The Bank of England shocked the City by holding the base rate steady at the record low of 0.1%, when the expectation was that it was due to rise to 0.25% by next spring. When you consider that in 2000 the base rate was 6% and in the 1980s it was as high as 14.8%, …
In 2019, mortgage lending reached a whopping £70 billion in the UK. While it’s unclear how the 2020 numbers will look, Covid-19 probably means it won’t be as high. During the height of the pandemic, lending decreased as social distancing restrictions slowed the industry down. However, as we come out of lockdown, lenders will be more …
