Tag: Bank of England
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Experts Predict a Booming Housing Market for the Rest of the Decade
Get ready for a property boom! The number of houses being bought and sold is set to rise to its highest level in 15 years, according to property experts Moverly. And with more buyers chasing after homes, it’s fantastic news if you’re thinking of selling, as prices look set to climb even higher. A decade…
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Santander Launches Cheapest Two-Year Fix Mortgage Rate in Over a Year
Good news for homebuyers! Santander is shaking up the mortgage market with the cheapest two-year fixed-rate deal we’ve seen in over a year. From Tuesday, you can get a two-year fix at just 3.99%, a full percentage point lower than any other deal currently available. This is a golden opportunity for those looking for some…
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Halifax Cuts Mortgage Rates: Good News for Buyers, Bad News for NatWest
It’s a battle for the best mortgage deals out there, and Halifax is throwing down the gauntlet! They’ve rduced rates on some of their most popular two and five-year fixed mortgages, hoping to tempt borrowers away from the competition. Halifax has reduced rates across a range of loan-to-value (LTV) ratios. This means that whether you’re…
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MFS Cuts BTL Mortgage Rates, Fleet Adds HMOs
Good news, landlords! It seems the property market is heating up again, with big changes in the world of HMO and BTL mortgages. Let’s break it down: Fleet Mortgages is revamping their whole HMO mortgage range: Here are a few of the new HMO options: Fleet’s Chief Commercial Officer, Steve Cox, says they’ve seen a…
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Tower Hamlets: London’s Highest Yielding Buy-to-Let Hotspot
Forget those fancy West End flats, smart investors are heading to East London! Tower Hamlets is the new star of the buy-to-let world, offering a 5.9% rental yield – that’s way higher than the London average of 4.81%. It’s simple: high demand, low prices! The average property in Tower Hamlets costs £456,375, but renters are…
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Mortgage Rates Fall to Six-Month Low, But Choice is Shrinking for Buyers
According to the latest data from financial experts Moneyfacts, the average two-year fixed-rate mortgage has dropped to 5.56%, while the average five-year fixed-rate deal now sits at 5.20%. This means borrowers could save hundreds of pounds a year on their repayments. This drop in rates is a welcome relief after the turmoil of the mini-Budget…
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Mortgage Rates Cut by Together and Aldermore
Two more lenders are slashing their mortgage rates! Together Cuts Rates by Up to 25bps Together, a specialist lender, has reduced rates on its popular “Discounted Rate” mortgage products. This type of mortgage is a bit like a tracker, offering a discount on the lender’s standard homeowner managed rate for two years. Here’s the summary:…
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House prices climb closer to record high – Halifax
UK house prices are on the rise again, creeping closer to the all-time highs we saw back in 2022. But what does this mean for those looking to buy or sell? The average UK house price in August reached £292,505, according to new figures from Halifax. That’s a jump of 0.3% from July and a…
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UK House Prices Set to Climb Faster than Inflation
UK house prices are expected to rise steadily over the next few years, beating inflation. But for renters – you might be facing some steep rent increases. And what does this all mean for first-time buyers trying to get a foot on the property ladder? Here’s the summary, from a survey of experts by Reuters:…
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Mortgage Rates Fall – Best Deals This Week
Mortgage rates are continuing to drop, according to the latest figures. That means lower monthly payments for you – whether you’re buying your first home, moving, or remortgaging! Good news for anyone looking to get on the property ladder – mortgage rates have been steadily falling in recent weeks, with several major lenders cutting rates…