Despite overblown media reports of a wave of landlords selling up due to regulation changes and new government policies, property remains a viable long-term investment for many. For first-time landlords, however, common pitfalls can turn a promising venture into a stressful experience.

Now that the dust has settled on the Autumn Budget, let’s look at how it will impact the property market. When the Chancellor unveiled her Budget a fortnight ago, she didn’t do things by halves.

Earlier today, the Bank of England (B of E) announced that the base interest rate will be cut by 0.25 to 4.75%. This is good news for the property market.

New data shows the mortgage market has bounced back from the turbulence of two years ago. Think back to this time in 2022, and you’ll recall the mortgage market was in complete disarray. In the aftermath of the Mini-Budget, there was a frenzy of activity – none of it good for homebuyers or people looking to renew their mortgage.