We give our views on what stabilised mortgage rates mean to Thanet Owners. Read more below.

The doom and gloom of the national newspaper headlines regarding the UK property market would make you think Armageddon has arrived, this being the second most interesting topic to the Brits (the first being the weather!).

Crisis. Turmoil. Unprecedented. These were words rarely used pre-pandemic. Now they’ve become staples of our nation’s news coverage. And this week, they have been used more than ever to report on the economic waves caused by the Chancellor’s mini-budget last week.

Thanet property prices have increased by 27.8% over the last two years. Thanet house prices have risen on the back of several things, including changes in how people see their homes and how they live and work (i.e. working from home), a lack of properties on the market and government tax incentives (the stamp duty holiday in 2020). Yet, the tide could be beginning to turn as the number of houses coming on the market is increasing as supply is starting to catch up with demand - in Q1 2022, 389,811 properties came onto the market in the UK compared to 425,295 in Q2 2022. One would typically expect Q1 to be larger than Q2 in average years. Yet some commentators are saying one thing that could stifle this growth is the cost-of-living crisis.

Even though the average value of a Ramsgate first-time buyer property has risen by 314.6% since 1989 to £280,940, the monthly payments Ramsgate first-time buyers must make on their mortgages as a proportion of their take-home pay is 42.9% less today compared to 1989. Today, according to the Nationwide Building Society…

• Inflation (and recessions) can be nerve racking for people and their hard-earned savings and wealth. • Yet there are six reasons which make investing in private rental properties a potentially wise investment in these changeable times. • This article looks at how investing in Thanet property could help you 'hedge' against inflation and protect your savings and wealth against the possible recession.

• According to some newspapers and pundits, the property market boom could soon be over with the increasing interest rates and inflation. • In this article, I share the 3 fundamental economic reasons why things are different to the last property market crash. • The insider’s way to find out if there will be a property crash. • … and 4 reasons why buy-to-let landlords are coming back into the Margate rental market to protect their wealth and hedge against inflation.

This two-minute read looks at how to trim down your energy bills.

House prices tend to rise with inflation, so with the UK annual inflation hitting 4.2% last week, that’s good news, isn’t it? Yes and no – let me explain what it means for Thanet, and in particular, Margate homeowners.