Welcome to your monthly property update!

Devonshire Avenue, Lincolnshire, DN32

This is a superb four/five bedroomed detached house standing in this sought-after, established...

£465,000

Click here to read Devonshire Avenue, Lincolnshire, DN32.

The Green, Waltham, DN37

Welcome to this stunning five-bedroom detached home, brought to you by Carr and Carr, builders of...

£610,000

Click here to read The Green, Waltham, DN37.

The Drifters16 November 2024

The Drifters are back on tour in the UK with a brand-new show performing all their classic hits from the last six decades.

Click here to read The Drifters16 November 2024.

Fixed or Variable? Choosing the Right Mortgage in 2025

Fixed or variable? Choosing the right mortgage in 2025
When it comes to securing a mortgage, one of the most important decisions you’ll make is whether to choose a fixed or variable rate. With interest rates continuing to fluctuate in 2025, understanding the differences between these two options is essential to ensure you’re making the right choice for your financial situation.

Fixed-rate mortgages: stability and predictability
A fixed-rate mortgage offers the security of knowing exactly how much your monthly repayments will be for a set period, usually between two and five years. This predictability can be particularly reassuring for first-time buyers or those on a tight budget. If you prefer stability and peace of mind, a fixed-rate mortgage can help you avoid any unexpected rises in interest rates. The downside is that fixed rates can sometimes be higher than variable rates, and if interest rates fall during your fixed period, you may end up paying more than you would on a variable mortgage.

Variable-rate mortgages: flexibility with potential risks
On the other hand, a variable-rate mortgage can offer flexibility. The interest rate on a variable mortgage can change, depending on the lender’s rates or the Bank of England’s base rate. This means you could benefit from lower rates if the base rate decreases, which can result in lower monthly repayments. However, the main risk is that if interest rates rise, your payments will increase too, which can make budgeting more difficult. Variable mortgages are often ideal for borrowers who can manage the potential fluctuation in payments or those who are planning to pay off their mortgage sooner rather than later.

Choosing the right mortgage for you
Ultimately, choosing between a fixed or variable rate depends on your personal financial situation and your tolerance for risk. If you prefer predictability and stability, a fixed-rate mortgage is likely the right choice for you. However, if you’re willing to take on a little more risk for the chance of lower payments, a variable-rate mortgage could offer more flexibility.

Need help choosing the right mortgage?
If you're unsure which mortgage option is best for you, get in touch with us today for expert advice tailored to your needs.

How to Build a Property Portfolio in Today’s Market

The UK property market is kicking off 2025 with strong momentum, as renewed buyer confidence, competitive mortgage deals, and increased property listings create a dynamic environment for both buyers and sellers. With house prices rising and market activity growing, it’s shaping up to be an exciting year for those looking to make a move.

Property prices on the rise

House prices have climbed by 1.7% (+£5,992) this month, bringing the average price of property coming to market to £366,189. This is the biggest early-year increase in five years.* This suggests that demand remains high, giving sellers a positive outlook. Buyers, on the other hand, should act swiftly when they find a well-priced property, as competition is strong.  

More sellers are listing their homes

There has been an 11% increase in new property listings compared to the same period last year.* This means buyers have more choices, but it also highlights that sellers are feeling optimistic about the market. If you’re thinking of selling, now is a great time to take advantage of buyer demand and ensure your home is presented well to stand out from the competition.

Buyer activity is gaining strength

The number of agreed sales has increased by 11% year-on-year,* signalling that more buyers are committing to purchases. With realistic pricing, desirable properties are receiving strong offers, and many buyers who were waiting on the sidelines in 2024 are now taking action. With improving market conditions, hesitation is decreasing, and serious buyers are moving forward.

Competitive mortgage deals are driving activity

One of the biggest shifts in 2025 is the mortgage market. Lenders are offering more competitive rates, encouraging buyers who may have delayed their move last year to re-enter the market. Lower borrowing costs mean increased affordability, making homeownership more accessible for many. This is particularly good news for first-time buyers, who now have more options at reasonable rates.

Energy efficiency matters more than ever

With new energy regulations on the horizon, buyers are becoming more focused on a property’s Energy Performance Certificate (EPC) rating. Homes with strong energy efficiency credentials, such as upgraded insulation, solar panels, and heat pumps, are attracting increased attention. Sellers who make energy-efficient improvements can boost their home’s appeal and potentially secure a higher sale price. Buyers, meanwhile, are factoring in future energy costs and favouring properties that offer long-term savings.

Government support schemes for buyers

Government-backed schemes continue to play a vital role in helping people onto the property ladder in 2025. The First Homes scheme remains a popular option, offering discounts of up to 30% for first-time buyers purchasing newly built homes. Meanwhile, the Mortgage Guarantee Scheme, extended to June 2025, is allowing buyers with a 5% deposit to access more affordable loans. Shared ownership options are also available for those looking to step into homeownership gradually. These initiatives are making it easier for buyers to secure financing, widening access to the property market.

A market full of opportunities

With more properties available, competitive mortgage rates, and growing buyer confidence, 2025 is shaping up to be a great year for both buyers and sellers. Sellers who position their homes well can attract strong interest, while buyers who act decisively can secure good deals in an active market.

Book a free valuation today and take advantage of the opportunities in this evolving property market

Rightmove*

Is a Remortgage or Equity Release Right for You?

Is a remortgage or equity release right for you?
When considering your financial options, the decision between remortgaging and equity release can be a significant one, particularly for homeowners looking to access additional funds. While both options allow you to release capital tied up in your home, they serve different purposes and come with varying advantages and considerations. Understanding the key differences can help you determine which option is right for you.

Remortgaging: accessing funds and improving terms
Remortgaging involves switching your current mortgage to a new deal, either with your existing lender or a new one. This option is typically used by homeowners who want to secure a better interest rate, reduce monthly repayments, or release equity for home improvements or other financial needs. If you have built up significant equity in your home and have a stable income, remortgaging can offer a cost-effective way to access funds, especially if interest rates are favourable. However, you’ll need to pass affordability checks and meet certain criteria set by lenders, so it’s important to be prepared for a thorough assessment.

Equity release: a solution for older homeowners
On the other hand, equity release is aimed at older homeowners, typically aged 55 and over, who want to access the equity in their home without the need to sell. There are two main types: a lifetime mortgage, where you borrow against the value of your home and the loan is repaid when you sell, or a home reversion plan, where you sell a portion of your property in exchange for a lump sum or regular payments. Equity release can be a good option if you are looking for a way to access money for retirement or to cover other costs. However, it’s important to consider that the loan amount grows over time, which can reduce the value of your estate. Therefore, it’s essential to weigh the potential impact on your heirs.

Choosing the right option for your situation
Choosing between remortgaging and equity release depends on your age, financial situation, and long-term plans. If you are under 55 and have good income and credit history, remortgaging may be the better option, as it typically offers lower rates and fewer long-term implications. However, if you are looking for a way to fund your retirement or need access to funds without monthly repayments, equity release could be the solution. In either case, seeking professional advice from a financial advisor or mortgage broker is highly recommended to help you make an informed decision.

Ready to explore your options? Contact us today for expert advice and personalised solutions tailored to your financial goals.

5 Signs It’s Time to Recheck Your Property’s Value

5 signs it’s time to recheck your property’s value

As the property market fluctuates, it’s important to keep an eye on your home’s value to ensure you’re making the most of your investment. Knowing when to recheck your property’s value can help you make informed decisions, whether you're considering selling, remortgaging, or simply assessing your financial position. Here are five key signs it might be time to reassess your property’s value.

1. Significant market changes
If there’s been a noticeable shift in the property market—whether due to interest rate changes, new government policies, or economic conditions—it could be a good idea to recheck your property’s value. The housing market can fluctuate, and these changes can impact the value of your home, either positively or negatively.

2. Renovations or improvements
If you’ve made significant improvements or renovations to your property, it’s worth reassessing its value. Adding an extension, modernising the kitchen, or upgrading the bathroom can all increase your home’s market value. A professional valuation will help you understand how much these upgrades have added to your property’s worth.

3. Changes in your neighbourhood
Property values are often influenced by the surrounding area. If there have been significant developments nearby, such as new transport links, schools, or shopping centres, your property’s value could be affected. On the flip side, if your neighbourhood has seen a decline in amenities or has experienced a rise in crime, it may have an impact on your home’s worth.

4. You’re planning to sell or remortgage
If you’re thinking about selling or remortgaging, having an up-to-date property valuation is essential. It ensures you set the right asking price or assess the equity in your home for remortgaging purposes. An accurate valuation helps you avoid overpricing or underpricing, giving you the best chance of achieving your financial goals.

5. You’ve had the same value for several years
If you haven’t checked your property’s value in a while, it may be time for a reassessment. Even if the market hasn’t experienced drastic changes, your property may have appreciated or depreciated over time.

If any of these signs apply to you, it might be time to get your property valued.