With 2022 coming to a close, the UK finds itself in a financial recession coupled with a cost-of-living crisis. According to Halifax’s House Price Index, since the UK entered the recession, the average house price fell by 0.4%. On top of this, in the last quarter of 2022, The Bank […]
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Are New Builds A Better Option For First-Time Buyers?
Buying your first home is a daunting and often complicated process. Not only do you have to navigate applying for and securing a mortgage for the first time, but you’ve also got to compete in the fiercely competitive property market and deal with solicitors, estate agents and other third parties. […]
Will Mortgage Costs Fall In 2023?
The latest research by specialist property lending experts, Octane Capital, has revealed that the average homebuyer can expect to pay £166 more per month as a result of the latest base rate increase by the Bank of England, although this monthly repayment is expected to fall by £188 come this time […]
Six Major Changes Facing Property Developers
Market analysis by Unlatch, the new homes sales progression and aftercare platform for developers and housebuilders, reveals that a -16% drop in construction workers is just one of many challenges currently facing Britain’s housebuilding industry; a list that includes the rising cost of materials and the notorious EWS1 form. A declining […]