Mortgage approvals ‘lowest for over a year’

The article “Mortgage approvals ‘lowest for over a year’” by Brian Milligan discusses a decrease in the number of mortgages that have been approved since August 2016. There are multiple factors that may have contributed to the decline in mortgages, including increase of base rates, increased costs of fix-rate mortgages, and housing market activity. On […]

Mortgage rise in 2018 to hit first-time buyers

Many facets are facing the housing market in 2018. Lack of supply, slow sales, and increased rates. These higher mortgage are going to prohibit first time home buyers from new mortgage regulation. The hardest of these will affect home-buyers of their first house. These new rules are raising the down payments and putting them farther […]

Essex House Becomes First UK Home to Sell for Bitcoin

Bitcoin has been surging over the past year, going from almost $1000 in January to $18000 this month. This has lead to people investing in it and seeing what else it can do. One of the things it was able to do, was buy someone a home in the UK. A house outside of Colchester […]

3% rise in UK house prices predicted

Hometrack, a property analytics company, is planning for a 3% raise in UK house prices over the year. They are also prediciting 5% in the twenty largest cities and markets across the UK. While this is good for owners, it may cause problems getting into those markets. For instance, London’s prices have grown almost 70% […]

If the bitcoin bubble bursts, this is what will happen next

The article writes about what might happen if the bitcoin bubble bursts. Since the majority of the bitcoin market is owned by a few thousand people, the impact they are expecting will only make those few thousand people a little bit less rich. However, if you compare it to the dot com bubble, they are […]

Buy to let downturn to last until 2020 – UK Finance mortgage forecast

Buy to let, or people looking to buy property just to rent out, is predicted to see a downturn in 2018. A recent spat of regulatory changes is seen to blame for this. Increased taxes, less incentive to buy and harder hurdles to buy are seen as the main reasons for the planned decrease. This […]

House prices to fall in London and south-east in 2018, say surveyors

The Royal Institution of Chartered Surveyors (RICS) warn that prices may be dropping in London and the southern corridor over the next year. This is in opposition to the sky high growth that London has seen over the past few years. RISC worries that if the growth in prices doesn’t extend to traditionally lower priced […]

US home sales hit 11-year high, supply still tight

Home sales increased drastically in the month of November. It actually increased to it’s highest point in 11 years! This was shocking due to the amount of damage done by hurricane Harvey and Irma, especially in the south. 90% of home sales are existing home sales and those sales rose about 0.9% compared to last […]

NatWest announce residential rates cuts

NatWest is changing rates across many of its property types. Residential mortgage rates will see a decrease of 10-15bps. Two-year fixed rate mortgages and select others will increase by 10bps. Some products for first time buyers will decrease as well up to 18bps. Five year rates and remortgage rates will both see a discount of […]

Britain’s top ten property hotspots of 2017 revealed: Picturesque Suffolk town of Sudbury leads the places where asking …

Sudbury is well known as a picturesque Suffolk town that many want to visit. But Britain is also ready to showcase some top property hot spots now on the market. Realtors are watching to see which property hot spots are now on the market. The 2017 sales year was an important one for the real […]