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 […]
Five Tips When Buying New Build Property
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 […]
Inheriting Property – What To Do Next?
Costs Of Buying A Home
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 […]
Should I Invest In Buy to Let In 2023?
The Importance Of Pre-Purchase Building Inspection
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 […]
The Essential Guide To Successfully Renting Your Property To Multiple Occupants
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, […]
Landlord Security Measures
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 […]
How Landlords Can Navigate The Rise In Inflation
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 […]
Common Issues Facing Property Developers
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 […]