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Has Buy-to-Let Changed the Fife Property Market? (Watch/read/listen)

 

PODCAST: https://anchor.fm/fife-properties/episodes/Has-Buy-to-Let-Changed-the-Fife-Property-Market-e19bde8

 

The ‘Buy-to-Let’ (BTL) mortgage is celebrating its Silver Anniversary (25 years) this autumn.

 

Isn’t it fascinating that a decision between a group of letting agents and bankers all that time ago to offer BTL mortgages has changed the face of the Fife (and national) property market? Continue reading Has Buy-to-Let Changed the Fife Property Market? (Watch/read/listen)

Wages rising by 8.3% pa – how will this affect the Fife property market? (4 min read)

 

As they struggle to meet demand, Argos have had to increase the wages of their HGV drivers from £11.41 an hour to £15 an hour – a rise of 31.2% meaning their pay goes from £27k to £35k. Care home providers are offering signing-on bonuses of many thousands of pounds to entice nursing staff away from their competitors, and new homes contractors say labour costs are growing as the housing boom pushes up demand for bricklayers and joiners. Restaurant chains, coffee shops, blue-collar workers in factories and warehouses are seeing wages rise at an extraordinary rate. Continue reading Wages rising by 8.3% pa – how will this affect the Fife property market? (4 min read)

How Will the Brexit Deal Affect Fife House Prices and Your Mortgage Payments? (3 min read)

Christmas Eve brought the news that Boris Johnson had conclusively agreed on a Brexit deal for the UK with the European Union. This gave optimism that the economic turmoil of leaving the EU would be radically reduced, yet what will this ‘trade deal’ do to the value of your Fife home and the mortgage payments you will have to make? Continue reading How Will the Brexit Deal Affect Fife House Prices and Your Mortgage Payments? (3 min read)

As Unemployment hits 6.3% in Fife, What Effect Will This Have on the Fife Property Market in 2021? (4 min read)

12 months ago, the unemployment rate in Fife stood at 3.7% of the working population, yet with Coronavirus hitting the UK, what impact will this rise in unemployment have on the Fife property market? Continue reading As Unemployment hits 6.3% in Fife, What Effect Will This Have on the Fife Property Market in 2021? (4 min read)

As Fife First-time Buyers are Being Locked Out of the Fife Property Market – Rents Have Risen by 2.8% (3 min read)

With the banks reducing the number of low deposit mortgages (i.e. deposit of 10% and below) since Covid-19 hit in the spring, this has meant that the number of Fife first-time buyers has been decreasing quickly, meaning many of those would-be Fife buyers wanting to make the first step on the Fife property ladder are having to stay in the Fife rental sector. Continue reading As Fife First-time Buyers are Being Locked Out of the Fife Property Market – Rents Have Risen by 2.8% (3 min read)

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