The CPI inflation rate dropped to 3.2% in March from 3.4% in February – a decrease that’s been deemed disappointing by economists. It was expected that the inflation rate would drop to 3.1% by economists polled by Reuters and the Bank of England, which could mean it takes longer for the Bank to cut interest […] The post Inflation rate falls to 3.2% appeared first on PropertyWire ..read more

Glasgow, Edinburgh and Leeds are the best home selling hotspots in the UK property market, analysis of government data from Lomond has revealed. Markets have posted the strongest performance over the last six months based on the average monthly number of homes sold Glasgow has seen 928 homes sold per month on average over the […] The post Glasgow, Edinburgh and Leeds home to UK’s busiest markets appeared first on PropertyWire ..read more

By Sean Woolley, Cloud Nine Spain On the 9th of April, Spain’s Minister for Housing, Isabel Rodríguez, announced that they were taking the first steps to eliminate the Golden Visa. This visa was a popular choice for non-EU residents who wanted to gain residency in Spain, by making an investment of €500,000 or more, in […] The post The Changes to the Golden Visa in Spain Explained appeared first on PropertyWire ..read more

Rising rents seem to be resulting in tenants staying at their current properties for longer, research from The Deposit Protection Service has found. The average tenancy now lasts 924 days, or just over two and a half years compared with 706 days or just under two years during 2020. Matt Trevett, managing director at The […] The post Tenants staying for a third longer appeared first on PropertyWire ..read more

Typical rent arrears claims climbed to £1,816 in the first quarter of 2024 – a rise of 27% from £1,435 in the same period last year, data from deposit alternative provider Reposit has revealed. The company said this is a sign of the unrelenting pressures within the rental sector on both tenants and consequently landlords. […] The post Rent arrears issues worsen appeared first on PropertyWire ..read more

By Sarah Thompson, managing director, Mortgage Scout If you’re moving home and have either plenty of equity or savings you can use for a deposit, plus a decent income, it can be straightforward to finance your next purchase via a traditional mortgage. This is how most people ‘consumed’ property in the past, but as lifestyles, […] The post How you can finance different types of property purchase appeared first on PropertyWire ..read more

Butterfield Mortgages has announced the appointment of a new credit administrator, who joins the credit risk team after completing an apprenticeship programme with the prime mortgage lender. Navishna Arcson began her career as an apprentice in the front of house team and then successfully completed a data technician qualification. She will now report to Anthony […] The post Butterfield Mortgages appoints apprentice to credit risk team appeared first on PropertyWire ..read more

Ben Thompson, deputy CEO, Mortgage Advice Bureau, explains what to consider when buying with someone else Traditionally buying with a partner has meant a romantic partner, but times are changing. In fact, our research found that 52% of prospective buyers said the financial situation of the past few years has meant they have changed who […] The post What to consider if you’re thinking about buying with a partner appeared first on PropertyWire ..read more

Owners in Cornwall made an average of £40,060,440 for its rentals for the summer of 2023 – making it the most profitable area to own such a rental, analysis from Wealth of Geeks has revealed. Whilst Cornwall’s population is around 565,968, the town received triple the amount of holidaymakers last summer, with the average nightly […] The post Cornwall the most profitable for holiday rentals appeared first on PropertyWire ..read more

One in five (20%) first-time buyers don’t think they will be able to buy until at least their 40s, research from Nationwide Building Society has found. Around half (48%) of first-time buyers say their prospects of owning a home are further away than ever due to the ongoing cost-of-living crisis. Six in 10 (60%) are […] The post Many first-time buyers expect to own a home in their 40s appeared first on PropertyWire ..read more