Tag: Bank of England
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Bradford Blazes a Trail as UK’s Property Hotspot!
Northern cities dominate the latest ranking of property hotspots, with Bradford taking the top spot for the second quarter in a row. The news is sure to be welcomed by sellers in those areas, but buyers across the country may be wondering if they need to cast their net wider to find a bargain. The…
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HNW Investors Are Betting Big on Property
Wealthy investors are piling into real estate. A new report by property lender ASK Partners shows that a massive 58% of high-net-worth (HNW) investors are planning to dramatically increase their real estate investments in the next year. That’s a huge amount of money flooding into the market. Where’s the money going? The report shows that…
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Builders Booming – Election Promises Fuel House Price Hope!
It’s a big week for property developers, and the stock market’s already showing signs of excitement! With the General Election just around the corner, and the housing market on the move, there’s a lot to be optimistic about for those who build and sell homes. Prices Tick Up, Despite High Mortgages Even with mortgage rates…
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Bolton House Prices Up by Over a Third in 5 Years
Bolton house prices have shot up by 42% over the past five years, leaving many first-time buyers wondering if they can still afford to buy their dream home. New data from the Land Registry reveals that the average price for first-time buyers in Bolton has soared to £159,400, marking a considerable increase from £112,100 just…
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Act Fast to Bag the Best Remortgage Deal
Homeowners looking to remortgage are being urged to act quickly to secure the lowest rates. With the Bank of England tipped to cut interest rates, you might be hoping for your monthly mortgage payments to fall. But experts are warning that lenders are unlikely to pass on the full savings, meaning those who don’t shop…
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Mortgage Rates Edge Up as Experts Predict Autumn Rate Cut
Good news, everyone! Inflation is finally under control, but that doesn’t mean mortgage rates are going down just yet. While the Bank of England has managed to wrestle inflation down to its 2% target, experts believe they’ll hold off on cutting the base rate until autumn. This means mortgage rates are likely to stay put…
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House Sales Climb for Five Months in a Row! Is The Market Finally Turning?
Good news for anyone buying or selling a house – the market is looking brighter! The latest figures show that the number of homes being bought and sold has gone up for five months straight, giving a much-needed boost to the property market. The official data from HMRC (the taxman!) shows that in May, there…
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House Prices Set to Rise Despite Being ‘Overvalued’ – Zoopla
Good news for sellers as Zoopla predicts house prices will climb by almost £4,000 this year – but buyers will need deeper pockets. Property website Zoopla has revealed that house prices are expected to rise by 1.5% in 2024, adding an average of £3,900 to the value of a typical home. This comes despite their…
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Mortgage Squeeze – More Homeowners to Feel the Pinch
Bank of England warns of tough times ahead but says banks are ready to help The Bank of England (BoE) has warned that the number of homeowners struggling with their mortgage payments is set to rise over the next two years. This comes as no surprise, as many households are already grappling with the soaring…
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Coventry Cuts Rates – Is Now the Time to Bag a Mortgage Bargain?
Mortgage rates are falling as experts predict the Bank of England will soon slash interest rates. Coventry Building Society is the latest lender to announce it’s cutting rates on some fixed-rate mortgages. This comes hot on the heels of similar moves by high-street giants HSBC, NatWest and Barclays. These cuts will be a welcome relief…