Tag: Bank of England
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Housebuilders’ Shares Fall
UK housebuilders’ shares have fallen after a profit warning from Crest Nicholson and data revealing the fastest drop in asking prices in five years. Taylor Wimpey led the FTSE 100 fallers, down 3%, while Persimmon, Berkeley, and Barratt were down about 2%, and Rightmove fell 1%. Crest Nicholson, which warned that it expected to make…
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Asking Prices Fall, Largest Drop in 5 Years – Rightmove
Rightmove has published their monthly report on the UK housing market. It shows that asking prices fell by 1.9%, the largest drop in 5 years. Summary UK Property Market Update –
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Looking to Remortgage Your Buy to Let? Act ASAP
Gavin Richardson, from buy-to-let broker Mortgages For Business (MFB) has suggested that landlords who are thinking of re-mortgaging soon should act fast to lock-in the current rate. Inflation (the rate at which prices of goods and services rise) reached 6.8% in July. Even though this number has gone down from the previous month and is…
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London House Prices Fall
London’s house prices have taken a slight dip! For the first time in four years, the value of houses in the UK’s capital has seen a decline. Here’s a breakdown of what this means for you:
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Wages Rising, Inflation Falling – What Happens to House Prices?
What effects are rising wages and falling inflation likely to have on mortgages and house prices? The Daily Mail looked at the likely outcomes. The Big Picture Mortgage Rates and the Economy: Impact on Mortgages: Wages and Mortgages: House Prices: Conclusion While rising wages and falling inflation might seem like good news for prospective homeowners,…
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More Lenders Announce Mortgage Rate Cuts
All six of the UK’s largest mortgage lenders have now cut their mortgage rates, anticipating that the inflation figures released today will show improvements.
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Bloomberg – The UK Housing Market Hangs in the Balance
The UK housing market’s fate is currently uncertain, with upcoming economic data this week potentially influencing its direction. The focus is on the impact of jobs, wages, and inflation data, which could sway sentiments on future interest rates, affecting mortgage and savings rates. Bloomberg’s money expert John Stepek gave his overview – Key Takeaways:
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Mortgage Rate Cuts are not Helping the Market, Yet
Research from the Mortgage Advice Bureau shows that while any lenders are cutting mortgage interest rates, this hasn’t yet translated to more activity in the housing market. Ben Thompson from MAB said, “There are many challenges for prospective buyers to overcome before they get the keys in their hands, and right now, they’re coming from all…
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NatWest and Virgin Money Cut Mortgage Rates
Both NatWest and Virgin Money have joined the ranks of lenders reducing their mortgage interest rates. Are we seeing a price war among the banks? What’s happening? Who’s involved? Why is this happening? What do the experts say? Big Picture If you were thinking about buying a house or changing your mortgage, now might be…
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Landlord Mortgage Problems Rising
The number of landlords falling into arrears on their mortgage payments has doubled in the last year, according to figures from UK Finance. Summary A combination of rising interest rates and other economic factors is making it harder for landlords and homeowners to pay their mortgages on time. While the percentage of those affected is…