Mortgage Rates Soar by £5,484 a Year Amid Economic Shifts
Recent data unveiled by Mojo Mortgages exposes a startling surge in mortgage rates, painting a stark picture of the economic landscape. In April of this year, the average mortgage rate for remortgaging soared to 5.33%, a staggering threefold increase from its 2022 counterpart at 1.78%. The root of this dramatic spike lies in the monetary […]
Labour Party Considers Rent Controls to Address Housing Crisis
The likelihood of rent controls being enforced by a Labour government is gaining momentum, fuelled by a forthcoming report initially commissioned by Lisa Nandy during her tenure as shadow housing secretary. The report, set to be unveiled today, advocates for rent caps as a means to alleviate the housing disparity affecting millions of individuals. Leaked […]
Property Expert Tells Stunned MPs 15 Entities Involved in House Sale
In a candid exchange with members of the Levelling Up, Housing, and Communities select committee, Kate Faulkner, a prominent figure in the property sector, highlighted the daunting complexities plaguing the home sale process. Faulkner, who spearheads the Home Buying & Selling Group (HBSG), painted a stark picture before MPs, revealing a staggering involvement of around […]
Landlords’ Sales Drive Half Section 21 Applications
In a recent survey conducted by PayProp, a leading automated rental payment and client accounting platform, startling revelations have emerged about the plight of tenants in the UK housing market. According to the findings, a staggering 50% of tenants were compelled to vacate their rented accommodations last year due to landlords opting to sell their […]