As of February 7, 2025, the UK mortgage landscape has seen notable developments: This week, the Bank of England recently reduced the base interest rate by 0.25 percentage points to 4.5%, marking the third cut in six months and the lowest rate since May 2023. In response, several major lenders, including Lloyds, Barclays, HSBC, Coventry
The new year begins with snow, sleet and ice, across the country and in parts of Leeds. In our new year blog post, though we are looking at the climate of property predictions from experts, as no one has a crystal ball. In 2025, the UK property market is expected to experience modest growth, influenced
Investing in property is one of the most popular ways to grow wealth, but deciding which strategy to pursue can be challenging. Two of the most common approaches are buy-to-let and buy-to-sell. Whilst both involve purchasing property, they cater to different goals and risk profiles. In our last Leeds property blog post of 2024, let’s
In our latest November blog post, we look at whether now is a good time to become a property landlord with some insights on BTL mortgages. Buy-to-let (BTL) mortgages are designed for those purchasing property with the intention to rent it out rather than live in it. Here’s an overview of the key requirements, costs,
Leeds Housing Market and Mortgage Interest Rates: A Comprehensive Overview The housing market in Leeds has long been one of the strongest in the UK, thanks to its status as a dynamic and growing city. Whether you’re a first-time buyer or an experienced investor, the interplay of house prices and mortgage interest rates significantly impacts
We will start this September 2024 blog with some statistics from the Office of National Statistics: The average house price in Leeds was £235,000 in June 2024 (provisional), up 2.6% from June 2023. This was lower than the rise in Yorkshire and The Humber (4.7%) over the same period. Private rents rose to an average
Recent news surprised our team at Hogan’s Leeds, where figures showed that 2 bedroom homes showed the highest % increase of any property. However, with over 35 years of Leeds estate agency experience, we have found that in recent years (post-Covid) that a 3 bedroomed property has higher demand from buyers and tenants. In our
Leeds is a vibrant city in West Yorkshire, England, known for its cultural diversity, rich history, and dynamic economy. Here are some aspects of living in Leeds: 1. Cost of Living Housing: Leeds offers a range of housing options, from city centre apartments to suburban houses. The cost of living is generally much lower than
Hot cakes. Have you ever eaten a hot cake? Or thought about the concept? It's an expression that springs to mind at Hogan's Leeds, where rental homes and houses for sale are selling like hot cakes. Now you may argue that we are headquartered in east Leeds, where property prices are below national and indeed
Since Liz Truss was Prime Minister, mortgage rates have risen across the board: for residential, remortgages and Buy to Let from a low of around 1.99% just recently to the current figure of around 5%. The Bank of England, last week, held the base rate at 5.25% and there has been recent good news for
