Tag: Bank of England
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Fewer People Will Inherit a Home from Parents
Fewer homes in estates will leave less for the next generation and could impact inheritance tax Hopes of inheriting the family home to get on the property ladder or climb up it are fading, according to a new study. The report reveals that fewer estates will include property in the future thanks to falling homeownership…
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Interest Rate Cut Sparks House Hunter Activity – Prices to Rise 1%
The Bank of England’s decision to slash interest rates has caused a surge of activity in the property market. For the first time in four years, the Bank of England cut interest rates, making mortgages cheaper and giving hope to aspiring homeowners. Estate agents are buzzing with activity as buyers, spurred on by these lower…
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Is UK Commercial Property Finally Ready to Boom?
Could this be the time to invest in UK commercial property? Recent market shifts suggest that the sector, battered by rising interest rates and economic uncertainty, is starting to show signs of life. The Long Road to Recovery UK commercial property has been one of the hardest hit sectors over the last few years. In…
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Could the Base Rate Cut Mean House Prices Rise by 2.5% This Year?
Leading property experts, Savills, predict house prices could climb by 2.5% in 2024. This optimistic outlook follows the recent decision by the Bank of England to cut the base rate to 5% – the first reduction in four and a half years. What does this mean for you? This rate cut is a strong sign…
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London Rental Market is “Pressure Cooker”
London rents are soaring while house prices are staying flat, leaving many feeling squeezed. While London property prices might not be skyrocketing, rents are going through the roof, reaching £2,114 per month on average. That’s a jump of nearly 10% in just a year! And experts are warning that the pressure is mounting for everyone…
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Landlords Are Sticking with Fixed Rate Mortgages – Here’s Why
The buy-to-let market is changing, but one thing remains constant: landlords are still looking for stability when it comes to their mortgages. A new survey by Landbay shows that 71% of landlords are planning to go with a five-year fixed rate mortgage when they remortgage, up from 49% last year. Why Are Landlords Choosing Fixed…
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ONS House Prices – June 2024
House prices are still rising, but at a slower pace than this time last year. The average UK house price in June 2024 was £288,000, a rise of 2.7% annually. This latest data from the ONS UK House Price Index for June 2024 shows that while prices are still increasing, the pace of growth has…
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Yorkshire Hottest for Property Investors as House Prices Soar
Forget London and Manchester, it’s Yorkshire stealing the show for property investors! Since December 2021, when the Bank of England started raising interest rates, the average UK house price has risen by a respectable 7%, reaching £288,120. However, some cities are absolutely booming, and Yorkshire is leading the charge. Sheffield takes the crown, boasting a…
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Buy-to-Let Rebound – Do Record Lending Figures Signal Market Recovery?
Is the buy-to-let market back in action? After a few tough years, things are looking brighter, and lenders are reporting a surge in activity. It seems those gloomy days of falling prices and hesitant investors may be finally behind us. Experts say the market is experiencing a much-needed rebound, with lenders like Together seeing a…
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NatWest Launches New Low Mortgage Rates – Is Now the Time to Fix?
Homebuyers and those looking to remortgage could bag a bargain thanks to NatWest slashing mortgage rates. The bank is battling to offer customers the lowest rates on the market, and from tomorrow (13th August), new customers will be able to get a five-year fixed rate mortgage at just 4.68% This market-leading rate requires a 10%…