In September 2021, according to Moneyfacts, the average two-year fixed mortgage rate was 2.38%, and the average two-year variable tracker rate was 2.25%. By February 2023, after numerous bank base rate increases since December 2021, taking it from 0.1% to 3.5%, the average two-year fixed rate was 5.58% in January, and the average […]
The demand for new-builds is as high as ever, with the government struggling to hit their “300,000 homes a year by the mid-2020s” manifesto set out in 2019 by the Conservatives. However, the issue of housing shortage still remains if the vast majority of new-builds are unobtainable by the average […]
Over half of UK adults expect to inherit at least one residential property during their lifetime, but many are unaware of what the Probate process looks like, how long it takes to get the keys, and if there are any associated costs. To help those of you unsure of what […]
There’s no denying that buying a property is more difficult than it used to be, particularly for first-time buyers. Interest rates are at a 14-year high, mortgages are less affordable, and soaring energy and living bills are squeezing budgets like never before. According to Halifax, the average price of a home for first-time buyers is now around 7.6 times the average UK […]
Every year, those thinking about investing in property for the first time and even current landlords ask themselves whether it’s the right time to expand their portfolio if they can. So, given that annual price growth has been slowing since the summer of 2022, will 2023 be a good year […]
There may be many reasons you plan building work on a property you’re looking to purchase; whether you’re looking to add an extension for space, a small design renovation, or your Home Buyer’s Survey may have highlighted some essential remedial building work. Planning work on a property you do not […]
HMO (House in Multiple Occupancy) properties are becoming increasingly popular in the rental market and offer an excellent opportunity for landlords to make a substantial return on their investment. This essential guide will provide you with all the information you need to successfully rent out your property to multiple occupants, […]
Security measures every landlord needs in place before letting a property In 2020 to 2021, the private rented sector in the UK accounted for 4.4 million households, housing over 11 million people with an estimated 2.3 million landlords in England. Last year, house burglaries took place every 164 seconds, with […]
Experts predict inflation is set to continue for 2023, for at least another six months, with the latest CPIH figure revealing a rise of 9.2% in the 12 months until December 2022. With the rental market feeling the effects of inflation too, London-based lettings agency JOHNS&CO is giving landlords a […]
So what are the most common issues that property development businesses face? Being a property developer requires taking on many responsibilities at once, particularly when you’re dealing with several projects at once. If you aren’t aware of how to deal with issues correctly, you may be faced with financial and […]
