A recent news item caught our eye at Hogan's - namely one about mortgages. Now you may already know if you've tried to secure a mortgage, or remortgage, that it can be a challenge. August though was not a one-off, but a pattern of reduced activity since February 2023. Some statistics: Mortgage approval data from
The property and mortgage market has been in a state of change, to put it mildly, since late last year. Those heady days of fixed rate deals under 2% seem a long time ago, when really they were available in March 2022. The Bank of England base rate has been climbing inexorably since, in an
Leeds is a diverse city, as we all know, with equally diverse property prices and, despite the rising interest rates and continuing cost of living crisis, there is property optimism across the city and suburbs, when you look at price trends: Properties in Leeds had an overall average price of £255,391 over the last year.
A news item that caught our eye at Hogan's this week - amongst the economic doom and gloom - was some good news about BTL mortgages. Fleet Mortgages, a buy-to-let specialist, has launched five-year fixed-rate mortgages, available across its three core product ranges – standard, limited company and HMO/multi-unit block. The interest rates for Buy
Since last autumn, there's been much doom and gloom around the UK property market, largely to do with the cost of living crisis and increased mortgage rates. Had you bought an investment property or property to live in, last May for example, with a decent deposit, you could easily have secured a fixed rate deal
Because many Buy to Let landlords are leaving the Buy to Let sector, there is an acute shortage of rental properties not just in Leeds, but nationally. We all know what happens when demand exceeds supply - prices rise. From daily inflation to rising mortgage costs, there is some gloomy news for tenants from RICS
We are conscious of the "clickbait" nature of our new blog post, but, trust us, we do have honourable intentions. You may be guessing it's all about location as Kirsty Allsop and Phil Spencer force-fed the location mantra on the nation on Channel 4 weekly. Yes it's important. It's a factor in selling and yet
We know, as estate and letting agents based in east Leeds, that our city has a vast range of property prices based on the old truism of location. Certain suburbs of Leeds have huge average sale prices, well above the national average, whilst others sit well below. It was interesting then to see results from
Across the UK, property is still selling like hot cakes according to the national press. This was partly down to the stamp duty holiday, but also led by other factors: like low mortgage rates, relaxed rules on home deposits and a shortage of real estate. It's been no different here in Leeds. We've seen too
Is Buy to Let still a good use of your savings? This past year, in Leeds and elsewhere, property prices have accelerated. The Halifax reports this week that such rises may be cooling, but for first time buyers, mores and investors, property values have been rising quickly in the past year. Rishi Sunak, the Chancellor
