House prices fall for first time this year
Asking prices dropped by £4,795 in August – the first time there’s been a slowdown this year, Rightmove’s house price index shows.
Investment Mortgages & Property Finance News
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Buy-to-let profits fall thanks to doubling buy-to-let rates
Buy-to-let rates have doubled for landlords, making it far less attractive to invest in property, research from buy-to-let broker Property Master has revealed.
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London to outperform other Prime cities in 2023
London is expected to see house price growth of 6% in 2023 – the third highest amongst Prime cities, Knight Frank’s Global Prime Forecast has revealed.
Where property investors buy properties in bulk
Experienced investors are spending big on full portfolios rather than individual properties, with the North East proving to be a particularly profitable region.
Mortgage payments set to increase by £1,300 this year
Between now and the end of the year the annual cost of mortgages is expected to increase by £1,300 per year, demonstrating the deep impact of the ever-increasing base rate, analysis from Revolution Brokers has found.
New builds labelled a ‘sounder investment’ after price growth exceeds existing homes
New builds are gaining value faster than older stock, as they apparently outperformed existing homes on price growth by almost 20% last year. The…
Artificial factors propping up the housing market
The UK housing market is currently fuelled up by people looking to get a mortgage before further rate rises take place, meaning the market is being temporarily propped up.
Hamptons: Mortgage rate hikes have halved landlords’ profits
Landlords have seen their annual profits halve since the start of the year due to higher mortgage rates, according to analysis from Hamptons estate agent.
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Want to buy a house in Wales? You may need to speak the language
Landlords in Welsh-speaking communities may have to prove they speak the language before being able to buy property, as part of the proposed ‘Fair Chance’ scheme.
Lake District experiencing spike in holiday lets
The Lake District has seen the number of holiday lets rise by a third (33%) in a single year, research from Octane Capital has found.
