Tag: Bank of England
-
Welsh House Prices Fall But Sales Rise
House prices in Wales have fallen for the first time in months. Bad news if you are selling – you might get less than you hoped. But don’t panic, there’s more to this story… The average price of a house in Wales has dropped by 2.9% to £232,400. This follows a mini-boom after the turmoil…
-
Two Years Fixes Popular – Homebuyers Ditching Long-Term Mortgages
Are you about to sign on the dotted line for your mortgage? You might want to hold fire and see how long you’re fixing for – because most borrowers are betting on a two-year deal. New research from Santander shows that 60% of borrowers are opting for two-year fixed rate mortgages. That’s a massive change…
-
House Hunters Fuel Sales Rise But Prices Stall – Rightmove
Good news for sellers as the number of homes being sold in the UK has rocketed by almost a third compared to this time last year. But buyers might be calling the shots as a surge in available properties keeps prices in check. Rightmove, the property website, reveals that agreed sales have jumped by 29%…
-
ONS House Prices – August 2024
House Prices Climb Higher – But is The Market Cooling Down? The average UK house price hit £293,000 in August 2024, an increase of 2.8% compared to last year, according to the latest official figures. House prices continue to rise – but at a slower pace While prices are still going up, the pace of…
-
Mortgage Rates Climb. Is Price War Over?
NatWest hikes rates and other lenders follow suit, signaling tough times for homebuyers and those looking to remortgage. Bad news for anyone looking to buy a home or remortgage – the mortgage price war seems to be over. NatWest, one of the UK’s biggest lenders, has increased interest rates on most of its two and…
-
Mortgage Concerns as NatWest Hikes Rates
NatWest has become the latest big bank to increase their mortgage rates, sparking fears that mortgage price rises could see borrowers paying hundreds of pounds extra every year. The bank, a familiar name on every high street, announced that from Thursday, most of its fixed-rate mortgages for two and five year terms will increase by…
-
House Sales Soar as Mortgage Rates Fall
The number of homes being snapped up is rocketing, thanks to lower mortgage rates. New figures show that ‘sales subject to contract’ – where an offer has been accepted – shot up by a massive 23% in the last three months compared to the same period last year. That means 332,200 homes were in the…
-
Cheaper Mortgage Rates Unlikely to Return, Warns Lloyds Boss
Homeowners hoping for a return to the rock-bottom mortgage rates of the last decade are likely to be disappointed, the boss of Lloyds Bank has warned. Charlie Nunn, the chief executive of the UK’s biggest mortgage lender, said that while he expects rates to fall, they are unlikely to plummet to the near-zero levels seen…
-
Are Cheap Mortgage Rates About to Vanish?
Mortgage rates have been falling! But there are whispers that the cheapest deals might be about to disappear! Here’s why: Big banks like Barclays and Santander are tweaking their mortgage rates. Barclays has upped the rate on its 5-year fixed-rate mortgage from a tempting 3.71% to 3.76%. Don’t panic just yet though – this only…
-
House-Hunters Warned: Cheap Mortgage Rates Could Vanish!
Mortgage lenders are starting to increase rates – so if you’re buying a house soon, this could hit you in the pocket. Coventry Building Society has already revealed it is putting up rates and the Co-operative Bank is withdrawing some of its cheapest deals. Experts predict that other lenders, particularly smaller ones, will follow suit.…