Investing in serviced accommodation has become a popular choice for property investors as buy to let yields have struggled with increasing buy to let mortgage rates, higher costs through increasing inflation and higher property values in many desirable areas. Top 10 reasons for investing in serviced accommodation. Here’s Acorn.finance’s top 10 reasons why property investors …
Buying business premises? Read our 2023 commercial mortgage guide first! When purchasing premises on a commercial mortgage in 2023, business owners should consider several key factors. Here are some important considerations: 1. Financial Stability: Before applying for a commercial mortgage, business owners need to assess their financial stability and ensure they have the means to …
The Cause and Effect of the Bank of England’s Decision to Increase the Bank of England Base Interest Rate. On 22nd June 2023, the Bank of England made a significant decision to increase the Bank of England Base Rate by 0.5%, bringing it to 5%. This move by the central bank has wide-ranging implications for …
How does inflation affect the interest rates you pay? Inflation and its impact on various aspects of the economy, such as wages and food prices, have been significant concerns in the UK following the COVID-19 pandemic and the Russian invasion of Ukraine. Understanding the forces behind inflation and its relationship with interest rates is crucial …
Our 5 top tips for Renovating Properties in a Declining Market: 1. Assess the local market conditions: Understand the state of the housing market in the specific area where you plan to renovate. Look for indicators of a declining market, such as decreasing property values, high inventory levels, or extended time on the market for …
In today’s volatile property market, characterised by high inflation, rising interest rates, and falling house prices, it is crucial for investors to make informed decisions about buy-to-let mortgages. In this article I delve into the specific challenges and opportunities that arise in the major Northern cities, particularly Manchester, Leeds, and Newcastle, offering key figures, examples, …
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