First-time buyers expected to become largest buyer group in 2018

While first time buyers have been on a downward trend for a while, forecasters are seeing them becoming the biggest group in 2018. These homeowners will be looking in markets outside of London and are already tracking in other majors like Birmingham and Manchester. This growth should have them hitting 35% of the buyers market. […]

Slow recovery for house prices along Southern Rail route

The Southern Rail has been causing problems lately. From the union strike and now there is a connection between this corridor and lowered home prices. The prices rose about 0.75 over the quarter in comparison to 2.4% in the rest of the UK. That pairs with the yearly change of 2.17% in comparison to 3.9% […]

Desperate UK homeowners are cutting prices, says Zoopla

Brexit is being seen a huge driver to housing sale slump in London. The normally strong market has seen 35% of all sellers dropping their prices over the past year. This is in comparison to 29% cut seen when the Brexit was originally voted on. These cuts can be huge in expensive areas, for instance […]

Where can you get on the property ladder with a £6897 deposit? We reveal the UK’s Help to Buy hotspots

The author says that in order to get the best value for your deposit with the government’s leg up program, you should buy a home or living place (apartment, etc…) in central Bedfordshire. Nottingham is another spot in Britain that is a good value for first-time buyers, but it is not as affordable as Bedfordshire. […]

Would you opt for a tracker mortgage if interest rates are set to go up in 2018? Here’s why it might be worth it

It might seem counter-intuitive but there are actually still some really good reasons to take a variable rate mortgage over a fixed rate – even when it’s likely the base rate will rise again next year. But with the Bank having outlined that base rate should continue to climb in 2018, why would you opt […]

Ipswich BS introduces shared ownership remortgage

The new shared ownership remortgage product will give existing shared ownership borrowers the choice to remortgage their property and also to ‘staircase’; increase their borrowing to enlarge their share in the property. Ipswich Building Society has continued to evolve its mortgage range with the introduction of a brand new shared ownership remortgage option available to […]

House prices in Scotland surge as southern cities hit affordability wall

Glasgow and Edinburgh have housing prices that are outpacing the rest of UK cities. An average growth rate of 7.9 p as compared to the average which was at at 6.3p. The affordability of houses in this area compared to areas southeast and in London has lower barrier of entry. Not all areas in Scotland […]

Demand for longer term fixed rate mortgages rises in the UK

This has seen the popularity of longer term fixed rate deals surge. Over the last 12 months, the remortgage market in the UK has transformed with demand for fixed deals surging while the popularity of variable remortgages has plunged, new research has found. ‘It’s hard to ignore the attractiveness of fixed rate products at the […]

Slow rental growth in London drags down average UK rents – but prices are set to rebound sharply

A UK newspaper recently reported that rental rates in the UK went down in November for the first time in five years. The rate went down mostly in London, which saw a decrease of .83%. In contrast, rents across the UK went up by 1.27%. The net was a decrease of .01%. The article reported […]

Stamp duty tax debate ‘welcome’

As an attempt to help first-time home buyers to purchase homes and hopefully spawn movement in the market, the stamp duty for homes selling for less than £300,000 has been abolished. Already seen in England and Northern Ireland, Wales will see the change in early 2018. Though this move ultimately benefits the majority of first-time […]