Tag: Bank of England
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CHL Mortgages Drop BTL Rates by Up to 0.49%
CHL Mortgages has just announced some pretty big cuts to their buy-to-let (BTL) mortgage rates, making it a bit easier for you to get your hands on that next investment property. CHL has trimmed rates across its entire BTL range, with some reductions hitting 0.49%! That’s real money saved for you over the lifetime of…
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Scottish House Prices Keep Climbing Despite Fewer Sales
Scottish house prices continued to rise in July, even though there were fewer homes changing hands. This has been the trend for eight months in a row, showing a strong housing market north of the border. Experts from the Royal Institution of Chartered Surveyors (RICS) say that 30% more surveyors saw house prices increase than…
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Mortgage Mystery – Brits Baffled by Base Rate!
Are you clued up on what impacts your monthly mortgage payments? A new study by Barclays Bank reveals that many of us are totally lost when it comes to understanding the factors influencing our mortgage rates. While almost everyone (88%) has heard of the Bank of England Base Rate, over a quarter (26%) admit they…
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Mortgage Rates Take a Tumble – Best Deals This Week
Despite rising house prices, mortgage rates are falling, offering hope for those looking to step onto the property ladder. The Halifax House Price Index reported a 0.8% surge in house prices in July, pushing the average UK house price to £291,268. That’s a hefty 2.3% increase compared to last year, marking the most significant jump…
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House Prices Still Falling But Green Shoots on the Horizon – RICS
Good news for sellers – the property market is looking a bit brighter! While house prices are still falling, there are signs things might be about to change. The Royal Institution of Chartered Surveyors (RICS) say a combination of lower interest rates and the government’s plans to boost house building have made buyers and sellers…
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House Prices Climb in July as Experts Predict “Modest Growth” for Rest of 2024
House prices rose again last month – but buyers in certain regions are bagging bargains. The Halifax House Price Index has revealed that UK house prices increased by a solid +0.8% in July, bringing an end to three months of stagnation. This means the average house price in the UK now stands at £291,268 –…
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HSBC Launches New Sub-4% Mortgage Deal – Is This the Start of a Price War?
Homebuyers and those looking to remortgage could be in for a treat as HSBC has shaken up the market by launching an incredibly low mortgage rate – but you’ll need a big deposit to qualify. The banking giant has unveiled a market-leading five-year fixed-rate mortgage at just 3.95%, undercutting rivals NatWest and Nationwide who launched…
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US Recession Could See UK Mortgage Rates Falling
The chances of a US recession are growing and experts think this could trigger a domino effect, sending UK mortgage rates tumbling. The US stock market took a tumble last week after disappointing employment figures. While things have steadied a bit, it’s got everyone on edge, especially the US central bank, the Federal Reserve. When…
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House Prices Edge Up in July – Nationwide
House prices inched up in July, but buyers are still feeling the pinch. The average price of a UK property rose by 0.3% last month, according to the latest figures from Nationwide. That means the average house will now set you back £266,334 – up from £266,064 in June. This latest rise means house prices…
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HSBC, TSB and Others Announce Mortgage Rate Cuts!
HSBC has slashed its tracker mortgage rates to reflect the Bank of England’s recent decision to cut the base rate. Other lenders are following suit, offering cheaper deals to homeowners and those looking to buy. Last week, the Bank of England lowered the base rate by 0.25% to 5%. This was the first reduction since…