News and Updates

Halifax: UK house prices remain stable in June

Posted on Monday, July 8, 2024

Average UK house prices held steady in June, down by just -0.2% on a monthly basis, with the typical UK home now costing £288,455 compared to £288,931 in May, according to the latest Halifax house price index.

Average rents outside of London hit new record of £1,316 per calendar month

Posted on Monday, July 8, 2024

In the capital, average rents are now £2,652 per calendar month after rising by 4% since last year.

Rental yields strengthen across all English regions

Posted on Monday, July 8, 2024

The North East has performed particularly well achieving a double-digit yield in the second quarter of this year.

What to consider if you are thinking about downsizing

Posted on Monday, July 8, 2024

Ben Thompson, Deputy CEO at Mortgage Advice Bureau, shares his top considerations for those thinking of making the move to a smaller property.

Fall-throughs see sharp rise during Q1

Posted on Monday, July 8, 2024

The cost of residential fall-throughs increased by almost 12% during the first quarter of this year, costing UK home sellers £220m.

Reeves moves to relax planning rules and boost housebuilding

Posted on Monday, July 8, 2024

New Chancellor Rachel Reeves confirmed that the government will loosen planning restrictions and bring back compulsory housebuilding targets in a bid to build 1.5 million homes over the next five years. 

Darren Murphy's market update

Posted on Thursday, June 27, 2024

Darren Murphy comments a week before the General Election

Rightmove: House prices hold steady as market maintains momentum

Posted on Wednesday, June 26, 2024

House prices in June are sticking to predictable seasonal trends and have remained largely flat over the month.

UK Finance: Interest-only mortgages fell 5.4% in 2023

Posted on Wednesday, June 26, 2024

Interest-only homeowner mortgages fell by 5.4% to 664,000 last year compared to 12 months before, the latest data from UK Finance reveals.

Virtually all property developers have changed their business strategy in the past year

Posted on Wednesday, June 26, 2024

31% have made changes to meet market demand, according to Shawbrook's analysis.

Rightmove: Majority of UK homes need green upgrades

Posted on Wednesday, June 26, 2024

At least 18 million homes have an EPC rating of a D or below and need to be improved, according to new analysis from Rightmove.

Rightmove: Average first time buyer payment up 61% since 2019 election

Posted on Wednesday, June 26, 2024

Over the last five years, the average mortgage payment for a typical first-time buyer home has risen from £667 per month to £1,075 per month, as average mortgage rates have risen and remained elevated.

Zoopla: “Lack of knowledge” preventing millions from owning their own home

Posted on Thursday, June 13, 2024

Not understanding the home-buying process and key terms associated with it is putting around 2.2 million potential owners off buying a home, according to new research from Zoopla.

Tenants are spending longer in rental properties

Posted on Thursday, June 13, 2024

The time spent in rental properties by PRS tenants has increased by 12% over the last decade, highlighting the important role landlords play in today’s property market.

Halifax: Average UK house prices remain stable in May

Posted on Thursday, June 13, 2024

UK house prices have paused in the lead-up to next month's General Election, down just -0.1% on a monthly basis.

Things to consider before adding your partner to your mortgage

Posted on Thursday, June 13, 2024

Pete Mugleston, Managing Director and mortgage expert at Online Mortgage Advisor, explores the advantages and potential downsides for anyone thinking about taking the next step in their relationship.

Vast majority of homeowners still don't understand mortgage fees

Posted on Thursday, June 13, 2024

A new survey has revealed that 81% of British homeowners lack knowledge about the fees associated with buying a home and securing a mortgage.

Darren Murphy's market update

Posted on Friday, May 24, 2024

Darren Murphy's market update

Vast majority of landlords to complete EPC work in 2024

Posted on Friday, May 24, 2024

Despite the government's decision to scrap the proposed EPC legislation targets for rental properties set for 2025, landlords are still prioritising EPC rating improvements.

Three in five homeowners look to property wealth to fund retirement dream

Posted on Friday, May 24, 2024

More than three in five (61%) UK homeowners – equivalent to 18.7 million people – are interested in releasing money from their home in later life to meet a range of financial needs, according to new findings from the Equity Release Council (ERC).

Average rental yields increase for third successive quarter to hit six-year high

Posted on Friday, May 24, 2024

The highest yields of 7.0% have been achieved by landlords in the North East and also those with HMOs

Average rental yields increase for third successive quarter to hit six-year high

Posted on Friday, May 24, 2024

The highest yields of 7.0% have been achieved by landlords in the North East and also those with HMOs

Rightmove: Asking prices top record £375k

Posted on Friday, May 24, 2024

The average price of property coming to the market hit a record of £375,131, an increase of 0.8% (£2,807) from the month prior, the latest house price index from Rightmove reveals.

Demand for residential flats climbs by 10%

Posted on Friday, May 24, 2024

63% of property investors polled by Handelsbanken have indicated that they will purchase residential flats in the next twelve months.

Majority of younger house buyers expect green improvements to increase their home's value

Posted on Tuesday, May 14, 2024

A higher proportion of younger house buyers think energy efficiency improvements will increase the value of their home over time.

New research reveals the various strategies landlords are using to mitigate higher costs

Posted on Tuesday, May 14, 2024

Foundation Home Loans Q1 research has discovered that large numbers of landlords have renegotiated mortgage finance, increased rent, or even sold property to combat rising costs.

Why local market knowledge remains key

Posted on Tuesday, May 14, 2024

The huge swings seen between house price gains and reductions across the UK since the market peaked in 2022 highlight the importance of local agent knowledge when selling your home, according to GetAgent.

Buy-to-let mortgage product availability begins to stabilise

Posted on Tuesday, May 14, 2024

Overall buy-to-let product availability (fixed and variable) rose month-on-month, albeit marginally (39 deals). This comes after a reduction in choice of 276 deals between the start of 2024 and the beginning of February, which was the biggest monthly drop since June 2023.

e-surv: House prices down annually but “recovering”

Posted on Tuesday, May 14, 2024

Annual house prices in England and Wales fell 2.9% in the year to April, according to the latest data from chartered surveyors e.surv.

NHBC: Tentative signs of house building recovery

Posted on Tuesday, May 14, 2024

The number of new homes being built continues to fall, but there are tentative signs this could be reversing, with the number of new build registrations rising month on month in the first quarter of this year.

Darren Murphy looks at the Uxbridge Residential Property Market in April 2024

Posted on Tuesday, April 23, 2024

Darren Murphy reports on the use of AI and the local property market

Rents outpacing earnings by 5.2%

Posted on Tuesday, April 23, 2024

Renters are significantly worse off today than they were a decade ago as salaries have failed to keep up with ballooning rental costs.

Rightmove: Annual house price growth rises to 12-month high of 1.7%

Posted on Tuesday, April 23, 2024

Asking prices are inching closer to a new record following a strong start to the year for larger homes.

First time buyers opting for smaller properties to get on the housing ladder

Posted on Tuesday, April 23, 2024

The latest analysis from e.surv, which examines the considerations and strategies used by UK first-time buyers, has found that affordability issues are seeing many opt for smaller homes.

First-time buyer lending doubles in February

Posted on Tuesday, April 23, 2024

The volume of lending to first-time buyers almost doubled year-on-year in February to £11bn, compared to £5.6bn in the same month last year.

Alternative ways that the Bank of Mum and Dad can help you buy a home

Posted on Tuesday, April 23, 2024

Ben Thompson, Deputy CEO at Mortgage Advice Bureau, looks at other ways parents could help their children get onto the property ladder beyond gifted deposits.

Average cost of running a home sees 14% rise in five years

Posted on Tuesday, April 23, 2024

The analysis of ONS data has revealed an £863 per year surge in the cost of owning and running a home in the UK.

The most common causes of 'snagging' on new build properties

Posted on Monday, April 22, 2024

You could be forgiven for thinking that buying a brand-new home means that it is flawless. However, newly-built properties are notorious for their minor defects or “snags” caused by poor workmanship or sub-par equipment.

New-build price premiums hit decade high

Posted on Monday, April 22, 2024

New-build house price premiums have risen to a ten-year high following four consecutive years of decline.

Powering the Future: A landlord's guide to affordable energy upgrades

Posted on Monday, April 22, 2024

Glynn Williams, UK country director at energy solutions provider, Grundfos, looks at the energy upgrades that landlords can and should make to their properties.

Majority of UK renters want more sustainable homes to offset rising rental costs

Posted on Monday, April 22, 2024

The latest data released by NatWest and S&P Global shows that renters are in fear of rising monthly payments with a majority looking to landlords to make green changes to their property and reduce the financial burden.

Portfolio landlords pursuing green home upgrades despite government u-turn

Posted on Monday, April 22, 2024

The energy performance of properties in the PRS now outperforms that of owner-occupied homes, according to government data.

Nationwide: Annual house price growth continues to build in March

Posted on Monday, April 8, 2024

Nationwide's latest data shows that house price growth momentum is continuing to build as cost of living pressures finally begin to ease.

Housing market momentum being driven by new build sector

Posted on Monday, April 8, 2024

Existing homes are still struggling against the current market headwinds, according to new research.

Energy efficiency, price, and location remain top priorities for landlords

Posted on Monday, April 8, 2024

Despite the government rolling back on energy efficiency targets for Buy to Let (BTL) properties last year, it's still on the radar for a large number of landlords ahead of an investment.

Halifax: Annual growth slows, but house prices up on last year

Posted on Monday, April 8, 2024

UK house prices grew in March on a quarterly basis, by 2.0%, with annual growth slowing to 0.3%, from 1.6% in February.

Rightmove: Stronger buyer demand sees house prices strengthen further

Posted on Monday, April 8, 2024

The positive start to the year continues, according to the latest figures from Rightmove, with average prices of newly marketed properties rising by 1.5% this month to £368,118.

Rightmove: New sellers surge into Easter

Posted on Monday, April 8, 2024

Thursday 28th March saw a 45% rise in the number of new sellers coming to market compared to a week earlier, according to Rightmove.

The questions that can save first-time buyers thousands in unexpected costs

Posted on Monday, April 8, 2024

Beyond the purchase price of your new home, there are a number of 'hidden' expenses that can quickly turn your dream home into a financial nightmare.

Darren Murphy's Easter market update

Posted on Friday, March 22, 2024

Darren Murphy gives his views on the Easter property market

What are the most common first-time buyer purchase methods?

Posted on Friday, March 22, 2024

The latest market insight from Uswitch has revealed that almost half of first-time buyers purchased their property with help from a government scheme.

Volume of sold subject to contract (SSTC) sales surge in February

Posted on Friday, March 22, 2024

The dramatic rise in demand signals a more robust market and a much-welcome return of optimism for 2024.

Majority of prospective homebuyers to 'push ahead' despite disappointing budget

Posted on Friday, March 22, 2024

82% of current buyers say that now the Spring Budget has come and gone, they plan to ramp up their search for a new home.

Government on track to collect record IHT receipts this year

Posted on Friday, March 22, 2024

The Government continues to collect a record amount from inheritance tax, according to the latest data released from HM Revenue & Customs.

Stamp duty receipts slump 23% to £13.8bn

Posted on Friday, March 22, 2024

Stamp duty receipts slumped 23% to £13.8bn between last April and February in England compared to the same period a year ago, according to official data. 

Glenigan: Housebuilding starts tumble 16%

Posted on Friday, March 22, 2024

Housebuilding starts fell 16% in the three months to February, despite an overall rise in planning approvals across the construction sector. 

Homelet: UK rents top £1,260

Posted on Friday, March 8, 2024

Average monthly UK rents in the UK rose 0.2% to £1,262 in February from the previous month, following a quarter of falls, HomeLet data shows.  

Cash buyers receiving the largest discounts from sellers

Posted on Friday, March 8, 2024

Uncertainty in the mortgage market has seen sellers prepared to stretch even further for a cash buyer.

Over a third of landlords looking to expand their portfolios

Posted on Friday, March 8, 2024

38% of landlords would like to expand their property portfolio in the next twelve months, according to a recent survey by Lendlord.

Which design features will buyers pay the most for?

Posted on Friday, March 8, 2024

Property developers can achieve significant price premiums for residential developments by incorporating the most sought-after design features into their architectural plans.

Mortgage repayments 'stalling' retirement plans for 2.8 million people

Posted on Friday, March 8, 2024

20% of over-55s do not expect to retire mortgage-free, according to new findings from the Equity Release Council.

Six signs you have a “problem property”

Posted on Friday, March 8, 2024

New research highlights six key indicators of a “problem property” with varying severity, what impact they can have on the value of a home and what this equates to in the current market.

DLUHC: Housing planning approvals fell 9% in 2023

Posted on Friday, March 8, 2024

Local councils granted 8,100 residential applications in the final three months of last year, down 8% from the same quarter a year ago, official data shows. 

Darren Murphy's market update

Posted on Tuesday, February 27, 2024

Darren Murphy gives his views on the current property amrket

A fifth of millennials relying on parents to help secure their home

Posted on Friday, February 23, 2024

Property lender, Together takes a look back to the 1970’s property market and highlights how the first-time buyers of that era are now helping their children to get onto the property ladder.

Significant improvements found in landlord responsiveness to tenants' needs

Posted on Friday, February 23, 2024

A new survey conducted by Total Landlord has revealed that 71% of landlords commit to responding to tenants within 24 hours - up from 57% a few years ago.

Remortgaging driving recent uptick in lending

Posted on Friday, February 23, 2024

The recent rise in mortgage lending is being driven by a significant increase in remortgage activity, according to the latest analysis of Bank of England data.

UK property auction market sees robust growth

Posted on Friday, February 23, 2024

The latest market analysis released by Essential Information Group has revealed positive momentum in the UK property auction market during October.

Rising demand for shared ownership sees enquiries surge for new builds

Posted on Friday, February 23, 2024

Just Mortgages' new build division has reported a bumper start to the year, with new build leads and enquiries up 40%.

How to add value to your buy-to-let property

Posted on Friday, February 23, 2024

As a landlord, you're always looking for ways to maximize your investment and make your property stand out from the competition. Adding value to your buy-to-let property is a smart way to increase your rental income and attract higher-quality tenants. Here are some tips from Lendlord to help you add value to your buy-to-let property.

Darren Murphy's market update

Posted on Saturday, January 27, 2024

Darren Murphy gives his views on the current residential property market

Elmer George promoted to Residential Sales Manager

Posted on Tuesday, January 23, 2024

We are delighted to announce that Elmer George has been promoted to Residential Sales Manager with effect from 1 st  January 2024.

Professional landlords unphased by property market fears

Posted on Tuesday, January 23, 2024

The vast majority of portfolio landlords have purchased property in the last six months, according to newly released data.

Majority of landlords not intending to sell any property

Posted on Tuesday, January 23, 2024

Only a third of landlords intend to sell some property, according to the latest Landbay survey.

Home improvements most popular use of equity release

Posted on Tuesday, January 23, 2024

Home improvements continued to be the primary reason for new equity release customers, data from Legal & General Home Finance shows.

The best ways to add value to your property in 2024

Posted on Tuesday, January 23, 2024

GetAgent.co.uk offers eight achievable home renovation ideas that will add value to your property ahead of putting it on the market this year.

RICS: UK housing market activity on the up

Posted on Tuesday, January 23, 2024

The December 2023 RICS UK Residential Survey shows activity picking up, and an improvement on November’s figures as the trend towards lowered mortgage rates continues.

Landlord investment continued to be supported by stable yields and strong demand

Posted on Tuesday, January 23, 2024

Landlord investors are continuing to benefit from high levels of tenant demand and steady rental yields, according to the findings of newly released research undertaken on behalf of Foundation Home Loans.

Nearly half of first time buyers get help from govt schemes

Posted on Tuesday, January 23, 2024

Almost half (45%) of first-time buyers purchased their property with help from a government scheme.

Fixed rate mortgage prices continue to fall as lender competition escalates

Posted on Wednesday, January 10, 2024

Average rates on two- and five-year fixes have been falling this new year as lenders compete on price, the latest data from Moneyfacts shows.