A recent study1 suggests that some Brits are superstitious, as homes numbered 13 are valued lower than the average property. Over 10 million houses have been analysed, each with a door number between 1–100. It seems many homeowners would like to be number one, as the first house on the street is worth the most […]
Category archives: Mortgages & General Property News
Home sweet home
What makes you feel at home? A recent survey1 has highlighted that, for many Brits, it is about more than just bricks and mortar. When asked what was most important, family photos came top of the list, followed by fresh bed sheets and a full fridge. Books, blankets, and a TV were also popular. Comes […]
In the news
Gazundering in a buyer’s market Research1 has found that, in 2023, there was a 97% increase in people googling the term ‘gazundering’ – when a homebuyer reduces their offer on a property at the last minute, often just before exchange of contracts. About a third of sellers were subjected to gazundering last year2, indicating the […]
Equity release – on the rebound?
After a challenging few years, equity release is picking up steam again, with the market experiencing growth for the first time in a year, according to market statistics1. New customers (10%) and total lending (8%) both saw a quarterly rise in Q3 2023. During that period, 17,078 new and existing customers used equity release products. […]
A year of portfolio expansion for BTL landlords?
2024 is set to be a promising year for landlords, with 32% of buy-to-let landlords intending to buy more property according to a survey1. Driven by a desire to build their portfolio, nearly half of those with purchasing plans this year already own at least 11 properties. Driven by increased demand Some landlords who aim […]
Get the year off to the right start with a protection review
Why not kickstart 2024 by reassessing your finances, particularly if you’ve undergone recent life changes? This should include reviewing your protection insurance to ensure it aligns with your current needs. Get protected Protection tailored to your circumstances serves as a crucial safety net during unexpected downturns. As we enter 2024, its time to assess whether […]
Winter storm preparation
Minnie and Olga, Regina and Stuart – are all storm names for 2024 pre-allocated by the Met Office. With the average claim for storm damage topping £3,0001, it’s important to protect your home against extreme weather. So, what measures can you take? Keeping safe in a storm Ensuring you insure The most important step to […]
Autumn Statement update
Chancellor of the Exchequer Jeremy Hunt delivered his Autumn Statement on 22 November, with a host of announcements on personal taxation and measures for business. Housing was largely absent from the key fiscal event, but there are a couple of points to be aware of. Mortgage guarantee scheme extended This scheme, introduced in March 2021 […]
Looking ahead – the housing and mortgage markets in 2024
Falling house prices and turbulent mortgage rates made 2023 an unpredictable year for homeowners and movers. As the bells ring out for the start of 2024, is a calmer year on the cards? Three key questions dominate analysts’ minds it seems. First, do house prices have further to fall? Second, will mortgage rates go lower? […]
BOMAD do their bit
The Bank of Mum and Dad (BOMAD) is being called upon to help with more than just a house deposit these days. As more parents and grandparents reach deeper into their pockets to help their offspring, it is vital not to compromise your own financial security. Mortgages and more One in four parents with assets […]