The government’s help-to-buy scheme will be restricted in 2021 and then stopped altogether in 2023. With it being such a huge part of the market, what will happen when it’s finally finished? What is Help-to-Buy? Help-to-buy first launched in 2013. Since then it has been extremely popular, even being hailed as an “unmitigated success”. The […]
Historic Low Mortgage Rates UK mortgage rates have hit a historic low. Consequently, this has led to increased borrower confidence and a boost for the country’s housing market. Moneyfacts.co.uk has found that the average mortgage rate on a two year fixed mortgage at a 60% loan-to-value (LTV) has fallen by 0.09% year-on-year. In December 2019 […]
The Government’s recent green-light for HS2 has ignited discussions about the benefits the new rail line will bring to the North: following fears that the line would stop at Birmingham, the UK Prime Minister, Boris Johnson, has confirmed it will reach Leeds and Manchester. Leeds already has one of the fastest-growing economies in the UK, […]
Leeds has experienced a huge spike in people buying property in the city: across the country, demand from property purchases grew by 26% compared to the same time last year. Leeds was the second most in-demand city in the UK, with only Sheffield performing better. Drawn to Leeds, due to its affordable house prices and […]
Following years of Brexit uncertainty, the UK left the EU at the end of January 2020 but now that we are firmly in the transition period, what does this mean for the country’s property market? The Transition Period The transition period will officially last until the end of 2020. Trade negotiations between the UK and […]
Prime Minister Boris Johnson has announced that the HS2 high-speed rail link will go-ahead, with the first phase of the route travelling between London and Birmingham, with a second phase going to Manchester and Leeds. The HS2 aims to improve transport times, increase capacity, create jobs and re-balance the UK’s economy. North-East businesses has commented […]
New Leeds development, The Preston, has been launched worldwide; marketed in 36 countries by 217 different agencies. Furthermore, there are just 57 apartments available at The Preston, starting from as little as £93,000, creating the perfect property investment opportunity in Leeds. Expected to sell out in record time is the development. The Preston The Preston […]
The future is unfortunately unknown, but when it comes to property we can at least make some educated predictions. Here is what 2020 is looking like for the UK’s property market. The Effects of Brexit on The Property Market Over the past few years the ongoing Brexit uncertainty has had a negative impact on the […]
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