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Renting Bidding Wars

Renting Bidding Wars

As competition increases, landlords are seeing bidding wars over renting properties. Would-be tenants looking for a property to rent are sending landlords friendly selfies and sob stories about their pets to try and secure a home. Competition over rental properties is sparking ferocious bidding wars as: Rent has increased by up to 14% over the …

Expected Fall in House Prices Creates Opportunities for Landlords

Expected Fall in House Prices Creates Opportunities for Landlords

A fall in house prices is expected, which may provide a fresh opportunity for landlords. As we head towards the second half of 2022, Rightmove is predicting a likely fall in house prices.  The portal’s latest monthly snapshot showed another record high for the average asking price, but Rightmove is warning that after a very …

Interest Rate Increases Make Renting Cheaper Than Buying

Interest Rate Increases Make Renting Cheaper Than Buying

Latest interest rate rise makes renting cheaper than buying for the first time since 2014. For the past 11 months it has been cheaper to buy a home in Great Britain than rent, but following last week’s interest rate rise, it’s now cheaper to rent than to buy, according to the lettings agency Hamptons: November …

50% of UK Households Cutting Back on Energy

50% of UK Households Cutting Back on Energy

Over 50% of UK households are cutting back on gas and electricity use due to the cost-of-living crisis More than half of UK households have reduced energy usage because of the cost-of-living crisis. In a bid to cut costs, a new survey carried out by the Office for National Statistics (ONS) has revealed that 52% …

Another Interest Rate Hike Expected

Another Interest Rate Hike Expected

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 …

Boris Brings Back Right-to-Buy

Boris Brings Back Right-to-Buy

The Prime Minister is expected to make a speech announcing plans for people on benefits to be given the chance to buy their homes via the return of the Right-to-Buy scheme Boris is set to make a major speech in Lancashire vowing to revive Margaret Thatcher’s housing revolution for families on low-income. The Right-to-Buy scheme …

Rental Market Shrinkage Due to Landlords Selling Up

Rental Market Shrinkage Due to Landlords Selling Up

A shortage of available homes for rent is forcing people hoping to find a property to go to increasing lengths to secure a place to live. The shortage of available homes is pushing up monthly rents, deposits and creating bidding wars among would-be tenants. Some of the lengths tenants are willing to go to include: …

Inflation Takes its Toll – But Housing Market ‘Rebalancing’

Inflation Takes its Toll – But Housing Market ‘Rebalancing’

The stock of homes is beginning to increase, showing clear signs that the frenzied housing market is beginning to slow. The housing market hit a fever pitch while we enjoyed the stamp duty holiday during  the pandemic, but the current cost-of-living crisis and rising mortgage rates are starting to impact the housing market. Nationwide released …

Rising Number of Properties Being Sold ‘Off Market’

Rising Number of Properties Being Sold ‘Off Market’

The number of properties being sold ‘off market’ has increased in recent years, especially in the capital, according to a leading UK estate agent. Selling off market has often been used more in prime parts of the country, such as central London.  Keeping prices private and concerns over pricing are the primary motivation for most …

Help to Buy Scheme Deadline Moved

Help to Buy Scheme Deadline Moved

First-time buyers who want to take advantage of the help-to-buy scheme must reserve a property by the end of October, two months earlier than expected.  The scheme, which is set to end in March 2023, offers buyers an equity loan so they can buy a new-build property with a deposit of just 5%.  Because buyers …