{"id":6102636,"date":"2024-09-30T07:00:10","date_gmt":"2024-09-30T06:00:10","guid":{"rendered":"https:\/\/www.buyassociationgroup.com\/en-gb\/?p=6102636"},"modified":"2024-09-27T11:31:24","modified_gmt":"2024-09-27T10:31:24","slug":"the-7am-cut-21","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/the-7am-cut-21\/","title":{"rendered":"The 7am Cut"},"content":{"rendered":"
BuyAssociation curates a weekly news letter of the top property news headlines \u2013 to receive your weekly round up of property news,\u00a0register today.<\/a><\/strong><\/p>\n In the news this week<\/a>: buy-to-let mortgage rates continue to improve; house prices reach new heights; and the autumn property market bounces back…<\/p>\n <\/p>\n \u201cThe UK rental market remains an extremely busy and fast-paced sector, with landlords continuing to experience extremely high demand for their properties from tenants due to a high population of renters. While major cities remain the main hub of activity, commuter towns are increasingly seeing rising demand from tenants\u201d\u2026<\/p>\n \u2060–\u00a0Eleanor Harvey, BuyAssociation<\/em><\/strong><\/p>\n Read the full article<\/a><\/p>\n <\/p>\n \u201cHalifax claims that the average cost of a home increased by 0.3% last month, therefore increasing the average property worth to \u00a3292,506. Reflecting a comeback in buyer confidence as borrowing rates relaxed, this was the highest level since August 2022. House prices rose 4.3% annually, the biggest increase since November 2022\u201d\u2026<\/p>\n – Editorial Unit, The Up Coming<\/em><\/strong><\/p>\n Read the full article<\/a><\/p>\n <\/p>\n \u201cTwo years since the disastrous Liz Truss mini-budget, mortgage interest rates are now consistently falling. A host of lenders are offering loans with rates below 4 per cent \u2014 in the past week alone, Barclays and Nationwide launched five-year fixes at 3.71 and 3.74 per cent respectively \u2014 tempting some buyers who have delayed that much-anticipated move into the fray\u201d\u2026<\/p>\n –\u00a0David Byers, The Times<\/em><\/strong><\/p>\n Read the full article<\/a><\/p>\n <\/p>\n \u201cMortgages giant, the Nationwide, has revealed that it is allowing first-time buyers to borrow as much as six times their annual salaries in a move that is likely to give the housing market a substantial boost.<\/p>\n Figures from rival Yorkshire Building Society recently showed the number of first-time buyer numbers hit a ten-year low during 2023 amidst soaring mortgage rates and the cost-of-living crisis, so Nationwide\u2019s first move in the market is expected to turn this around\u201d\u2026<\/p>\n –\u00a0Simon Cairnes, The Negotiator<\/em><\/strong><\/p>\nBuy-to-let mortgage rates continue to improve for landlords<\/strong><\/h3>\n
UK property market sees renewed confidence as house prices reach new heights<\/strong><\/h3>\n
The big autumn property market bounce back<\/strong><\/h3>\n
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Nationwide is allowing first-time buyers to borrow as much as six times their annual salaries<\/strong><\/h3>\n