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Good news for landlords: Five-year buy-to-let mortgage rates hit record lows

If you’re a landlord whose fixed-rate mortgage is coming to an end, or you are thinking about investing in the rental market with a buy-to-let mortgage, then you’ll be pleased to learn five-year buy-to-let (BTL) mortgages are back to record lows. Data from Money Facts shows that the average five-year, fixed BTL mortgage rate has

Property auctions steam ahead in 2018

Are you thinking of putting your property for sale in auction this year instead of going down the conventional estate agency route? Perhaps you are going to visit a property auction to purchase your next home or buy-to-let investment? Either way, you’re not alone, as research shows more and more people are turning to property

Why investors are turning to holiday let properties

With the scrapping of the wear-and-tear allowance and the curbing of mortgage interest relief, landlords haven’t had an easy ride in recent years. Nonetheless, buy-to-let is still remains attractive in the UK, with figures showing in November 2017, there were some 6,600 new buy-to-let house purchase mortgages. As Paul Smee, head of mortgages at UK

House prices in the UK pick up in January, Nationwide reports

House price growth in Britain witnessed a ‘surprise’ pick-up in January, where average house price values were pushed to new record highs. This was the finding of analysis by the Nationwide Building Society, which found that in January, annual house price growth accelerated to a 10-month high of 3.2%, up from 2.6% in December. The

Research shows one in eight retired people will live in rented accommodation in 15 years

While the inability of youngsters to get their foot on the property ladder and buy their first home is well documented and reported, significantly less attention is given to a growing segment of the population who are too old to secure a mortgage and find themselves with little choice but to eternally rent property. This

Five most popular London commuter towns

With the cost of property in London having risen sharply in recent years, purchasing a home outside of the capital and commuting to work in the city each day, is the only viable option for many. In fact, according to new research by Lloyds Bank, living an hour outside of London could slice a staggering

The Autumn Budget 2017: A property-related roundup

As forecast and expected, the property industry featured heavily in the Autumn Budget 2017. Chancellor Philip Hammond made a number of announcements that will have a significant impact on housing and the property sector. Auction House London explores some of the biggest property-related initiatives in the Budget and how they’re likely to affect the industry

House prices in UK cities set to rise by 7% in 2018

House price growth in Britain, especially in some of the country’s most populated areas, continues to rise. A survey by Hometrack, which analysed the nation’s twenty biggest cities, found property price increases are expected to be around 7% during the coming year. This is a rise of 3% on previous predictions made only seven months ago.

Expat demand for buy-to-let investment in UK soars, report shows

Optimism and interest in the but-to-let market is still high, as putting money into bricks and mortar remains a popular long-term investment opportunity in the UK. This is despite the government’s intentions to phase out mortgage tax relief on properties, which are intended for this sector, by 2020.

Rents continue to rise in the private sector

27% of all agents who deal with property letting, have indicated that rents have risen in the last couple of months to a level not seen since July 2016. Private rents have now risen by 1.8% during the last year. Even with the recent upheavals, only 2.8% of tenants actually managed to negotiate any sort

House prices rebound, Nationwide report shows

UK house prices have shown an upward trend once again, bringing renewed optimism to the housing market. The decline in the property industry, has been halted by the announcement that prices rose by 1.1% during the past month of June. In fact, during the three months prior to June, the figures were 2.8% above those

Report shows record number of landlords pay cash for property investments

A record number of landlords are buying their property investments with cash, a new report shows. In January this year, the amount of buy-to-let investors paying cash for property reached 61%, the highest level since 2007, when records began. Throughout the last ten years, the number of landlords paying cash for property purchases has been

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