Tag: Bank of England
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Homebuyers Ditch Fixed-Rate Mortgages for Flexible Trackers in Uncertain Market
Tracker mortgages have seen a huge surge in popularity, with a 67% increase in borrowers snapping them up since 2021. New data from wealth manager Quilter reveals this significant shift in the mortgage landscape. So, what’s behind this trend? Let’s break it down: Flexibility is Key: Tracker mortgages see your interest rate rise and fall…
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Mortgage Hope as Bank Chief Hints at Bigger Rate Cuts
Good news for anyone looking to buy a house – mortgage rates could be about to fall! The big boss of the Bank of England has hinted that interest rates could be cut even further. Andrew Bailey, the Governor of the Bank of England, has suggested that the Bank could be “a bit more aggressive”…
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North and Scotland Leading House Price Charge
House prices are on the rise again, with some areas seeing the biggest jumps in two years! September saw house prices leap up by an average of 3.2% across the UK compared to a year ago. That’s the biggest jump in two years, according to the latest figures. But the real action is happening in…
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House Prices Rise by 3.2% – Nationwide
House prices are heading upwards, with the fastest growth in almost two years. Could this be the comeback the property market has been waiting for? Nationwide’s latest figures reveal that house prices shot up by 0.7% in September alone. This impressive jump means prices are now rising annually at a rate of 3.2% – that’s…
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Budget Worries Hit Property Prices Despite Cheaper Mortgages – Savills
House prices have stalled as potential buyers wait to see what’s in store for their wallets in the upcoming budget, despite cheaper borrowing costs. While cheaper mortgages have boosted the property market, fears over tax hikes have made some buyers think twice, particularly those eyeing up luxury homes in London. The latest figures from property…
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Yorkshire House Prices Jump Nearly 3%!
The average asking price for a property in Yorkshire has soared by 2.9% in the last year, hitting £253,513. This is according to the latest figures from property website Rightmove. Across the country, the average asking price for a house has inched up by a more modest 0.8%, reaching £370,759. But Yorkshire and the Humber…
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Experts Predicting a HUGE Rise in Property Development in 2025
It’s been a rough ride for property developers lately. The industry has taken a battering, with fewer new homes being built and banks being stingier with loans. But hold on to your hard hats, because things are about to change. Here’s the summary: Why the sudden change of heart? The Numbers: What does this mean…
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SVR Mortgage Rate Cuts Give Hope to House Buyers
Mortgage rates are finally falling, making it cheaper to buy your dream home. Just a month after the Bank of England slashed interest rates to 5%, we’re seeing some relief in the mortgage market. The average interest rate you’ll pay on a standard variable rate mortgage (SVR) has dipped below 8% for the first time…
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Mortgage War Continues with Rates Below 4% – Best Deals this Week
Good news for anyone looking to buy a house! Mortgage rates are falling fast, with some experts predicting they could plummet as low as 3.5% by the end of the year. This comes as lenders brace for a potential mortgage war, slashing their rates in a bid to attract new customers. This means cheaper monthly…
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Halifax Mortgage Rates Cut
Halifax, the UK’s biggest mortgage lender, is dropping rates on a range of home loans from today (19th September). This follows hot on the heels of similar moves by other lenders, meaning cheaper deals for anyone looking to buy a home. How much are rates falling? Halifax is cutting rates on some mortgages by up…