Borrowing to buy property could become easier for many as the Bank of England plans to remove mortgage stress tests this summer after eight years. Since 2014, lenders have been required to carry out a particular set of ‘stress tests’ on each mortgage application as a way of ensuring affordability. The criteria was brought in […]
Author Archives: Sue Brennan
We’re sorry for mentioning Christmas in July. But bear with us. If you’re thinking of moving, chances are you’ve pictured yourself in your new home in time for the end of the year. What better place to spend the festive season, and kick off 2023, than in your new pad. And the good news is, […]
As the housing market starts to slow, if you’re looking to sell your home, now’s a good time to do it, according to the latest signs in our House Price Index. Key takeaways House price growth is starting to slow with property prices remaining broadly unchanged since last month As the cost of inflation continues […]
Over 75% of renters are concerned about the impact of the cost of living crisis on their ability to pay rent, according to a survey of over 12,000 renters nationwide conducted by Dataloft with HomeLet in May 2022. Generation Z renters are the most concerned, 85% stating the cost of living crisis will have a […]
In November 2021 we launched the Investors Club, and we have a dedicated team of property specialists that are helping investors purchase buy to let properties before they come to market. Over this time we’ve learnt that people don’t always realise they are property investors, so we wanted to share some frequency asked questions that […]
Philip James continually improve services offered to our landlords. We have recently introduced our Rent Guarantee service which we believe will be of great benefit to landlords, whether they have one or more properties in their portfolio. This service provides full protection for the total monthly rent should any of your tenants fail to pay […]
The average cost of a UK home has broken through the £250,000 barrier for the first time to stand at a record of £250,200. Both the time taken to sell a home and the number of price reductions on properties have increased, according to our latest House Price Index. While the rate at which property […]
What is a good EPC rating and how can it affect your mortgage? Here’s everything you need to know. With sustainability playing an increasingly important role in the housing sector, there has been more discussion around whether EPC ratings affect mortgages. An EPC rating measures the energy efficiency of a property and when you are buying or […]
There are several home improvement schemes available that’ll give you money to reduce your energy bills. Let’s take a look. Key takeaways Energy companies will pay for insulation, glazing and even new boilers for people claiming certain benefits under the Energy Company Obligation scheme The Boiler Upgrade Scheme offers property owners £5,000 towards the cost […]
UK rents continue to climb and city centres are currently seeing huge levels of rental demand from students, office workers and international tenants. The latest Zoopla UK Rental Market report has revealed how the rental market is currently performing, noting an 11% annual rent rise since Q1 2021. The average household now pays £995 per month on […]