The 7am Cut
BuyAssociation curates a weekly news letter of the top property news headlines – to receive your weekly round up of property news, register today.
In the news this week: first-time buyers race to beat the stamp duty deadline in pricier areas; UK house price trends and forecasts unveiled; and landlords remain resilient post-Budget…
Landlords are remaining resilient in the wake of the Budget
“What we’ve found in our firm over the past month, is that seasoned investors and landlords remain confident. The truth is, many are seeing the changes as an opportunity that they can seize. Not only are some considering refinancing their existing portfolios, to pull out cash and snap up more lucrative, or harder to lend on, deals – but they’re also thinking about potential savings they might be able to get on purchase prices thanks to motivated sellers”…
– Jonathan Fowler, BuyAssociation
First-time buyers rushing to beat stamp duty deadline in higher-priced areas
“First-time buyers are rushing to beat the stamp duty deadline on 1 April 2025 in more expensive areas, analysis from Rightmove shows.
At that date the minimum stamp duty thresholds in England will drop from £425,000 to £300,000”…
– Ryan Bembridge, Property Wire
UK house price trends & predictions – November 2024
“House prices in the UK increased at their fastest annual pace since February 2023 in the year to September. According to official Land Registry figures, the latest rise takes the average UK house price to £291,828, over £8,000 higher than a year earlier”…
– Tim Leonard, NerdWallet
Landlords are getting top rental yields from HMOs in the north of England
“As rents across much of the UK continue to rise, while house price growth has remained stable, average annual rental yields for buy-to-let landlords have increased overall.
The returns made by any landlord depends on a wide range of factors, from the price of the property and the level of rental income, to mortgage borrowing levels and any refurbishment costs that may crop up. Rental yields specifically are worked out as the proportion of rent against the property value, and this is often a major focus for landlords when looking at their overall gains”…
– Eleanor Harvey, BuyAssociation
Network Rail shares detail of works to deliver £16 million Greek Street Bridge replacement
“Work will begin over Christmas and run through to Spring 2026 to demolish and replace the bridge over the West Coast Mainline. The bridge was originally constructed in 1958, but has now reached the end of its life and needs to be replaced. As well as making the bridge safer, the £16 million project will also ensure space for a possible future Metrolink route into the town centre”…
– Marketing Stockport
