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News – Page 3 – Bicester Property News
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£960.93 per month – the profit made by Bicester property owners over the last 20 years!

By | News

As we go headlong into 2018, I predict that UK interest rates will stay low, even with the additional 0.25% increase that is expected in May or June. This rise will add just over £20 to the typical £160,000 tracker mortgage, although with 57.1% of all borrowers on fixed rates, it will probably go undetected by most buy-to-let landlords and homeowners.

I also think it’s unlikely that we’ll see any more interest rate rises due to the fragile nature of the British economy as it continues to navigate Brexit. Even though mortgages will remain inexpensive, with retail price inflation outstripping salary rises, it will still very much feel like a heavy weight to some Bicester households. Read More

What will happen to Bicester house prices in 2018?

By | News

Looking at the newspapers between Christmas and New Year, it seemed that this year’s spot in the column inches was given over to predicting the future of the British housing market. So in response to that, I have shared some of my thoughts on the Bicester property market below.

With the average five-year fixed rate mortgage at 1.98% (down from 3.47% in 2014) and two-year fixed rate at 1.47% (down from 2.37% in 2014), mortgage interest rates offered by lenders are at an all-time low (even with the slight increase on the Bank of England base rate a few months ago). Read More

My thoughts on the future of the Bicester Buy-to-Let market

By | News

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I was recently reading a report by the Home website, which stated that hordes of landlords are selling their buy-to-let investments due to increasing burdens on them in the buy-to-let market. Their findings show that the number of new properties that came onto the market (for sale) nationally, jumped by 11% as a result.

The increasing burdens relate to new tax rules coming into effect over the next three to four years, as well as the announcement that all self-managing landlords (i.e. landlords that don’t use a letting agent to look after their buy-to-let property) will soon need to register with a compulsory redress scheme to resolve tenant arguments and disputes. This is because Westminster wants to heighten standards in the private-rented sector. Read More