Buy to let: Seaside towns offer best returns

iStock_000008970391XSmallSea side landlords are receiving table topping rental yields, according to recent research from HSBC. Investors in Southampton, Blackpool and Kingston-upon-Hull are currently achieving returns of almost 8% on their buy to let properties, the highest in the country according to HSBC. Experts believe the yields in some sea side towns are driven up by relatively low house prices and the potential to let the property to holidaymakers. However, it isn’t just seaside towns which are achieving good yields. The research found buy-to-let properties ...

Post Office to launch current account

Post OfficeThe Post Office has announced they will launch a new current account in the spring of 2013. The new current account will initially be launched in a small number of Post Offices, but will be rolled out to all 11,500 branches during 2014. The Post Office claims that the new current account will give consumers access to the UK’s largest branch network and increased opening hours, compared to traditional banks. According to figures from the Post Office, more than three million customers have accessed the many ...

Housing & Mortgage round up: Mortgage fees on the rise, whilst borrowers are left exposed

Housing & mortgage round up_istockphotoNo house price surveys to report this week, instead we focus on news that mortgage arrangement fees are on the rise, whilst a lack of savings is leaving millions of mortgage borrowers hugely exposed if they lose their job. We also bring you research which goes someway to dispel the myth that first time buyers rely on the bank of mum and dad for their mortgage deposit. Mortgage fees on the rise Despite interest ...

Mortgages: How to help your children get onto the housing ladder

New research from HSBC and the Centre for Economics and Business Research (CEBR) has shown that one in five first time buyers needs help from their parents. In fact between 2008 and 2011, 100,000 first time buyers were helped by their parents. Since the credit crunch the number of high loan to value mortgage deals has shrunk significantly, most lenders now require at least a 10% deposit and the best deals are reserved for borrowers with even more to put down. So, if your children are caught in the ‘Catch 22’ of rising rental costs, meaning they can’t afford to save to ...