Croydon leads the UK as high-risk mortgage hotspot

Out of the UK’s 2,578 postal code areas, Croydon had the most newly-approved risky mortgages – a total of 463 compared to a U.K. average of about 39 risky mortgages taken out per postal code area. Specifically, Bank of England guidelines say that a mortgage is considered high risk if the borrower borrowers more than […]

Santander cuts slew of mortgage rates

In a time where most banks are increasing the interest rates and longevity of mortgages, Santander is breaking the mold by decreasing the rates of mortgages in 2018. They are lowering rates for lenders by anywhere from .03-.1% which is quite a dramatic difference when you consider the annual mortgage payments that are made by […]

Mortgage borrowers expect repayments to continue into retirement

More and more younger millennials are finding themselves in a position where they have an inability to start financing their first homes. The rate of UK residents who hold a current mortgage are steadily decreasing, and it could be due to the lengthy mortgage rates with high interest rates. Over 14% of homeowners claim that […]

‘Marks & Spencer effect’ pushes property prices up 15%

Analysis by estate agent Emoov indicates that the mere presence of a Marks & Spencer nearby can have an outsized impact on real estate prices. In most places, residential properties with a nearby Marks and & Spencer are about 15 percent more than comparable properties further away, but in London that difference can grow to […]

Leicester named one of the top places in UK for making a profit from property

If you have recently purchased property in the Leicester area, you are in luck! The housing market is profiting at such an extreme level right now, that homeowners can expect to get back over 250% of what they purchased their homes for! Although the majority of England is facing an economic crises when it comes […]

Purplebricks says it sells three times more homes than any other agent in the UK

Purplebricks claims to be the best-selling estate agent organization in the U.K., with more than three times more sales than any of its runners up. Purplebricks said it made £45 million in profit, and sold 81 percent of its houses in 12 months or less, and also claimed to be the market leader in converting […]

Number of Homes Sold RISES in May as Interest Rates Remain on Hold

It’s a seller’s market right now in the real estate industry when it comes to the inflation of housing prices. However, experts are now warning to keep an eye out for dips in productivity in the future. In May, we recovered from a dry spell with only .05 less in sales when compared to previous […]

Millennials more excited about investing in Bitcoin than in buying their own home, claim

The housing industry is taking quite a turn with over 57% of millennial claiming that they view investing in a home as a high risk investment to indulge in. This could be partially due to 45% of current homeowners advising millennials to continue renting instead of investing in a new home. These statistics are super […]

The mortgages more expensive than payday loans – how they end up costing so much and what you can do

A recent joint study by the University of Nottingham and Habito found that most mortgage contracts require a Year 13 reading comprehension level to understand, which often inhibits borrowers’ ability to understand their mortgages. This helps stop borrowers from realizing that the wrong mortgage can charge far more per pound borrowed than even the most […]

Remortgaging up but lending to new buyers falls, latest data shows

Although British mortgage lending remains elevated by 8.8% from this time last year, this number is driven largely by remortgaging of current properties rather than new loans for new buyers. In fact, new property approvals are actually 3.8% lower than last year. Likely reasons for these changes include the end of many fixed rate terms, […]