What’s happening with mortgage rates right now? Mortgage rates are on track to fall below 5% this year. The latest pause in the Bank of England’s base rate rises, amid better than expected inflation news, is good news for buyers, mortgagees and sellers. The amount banks need to pay for borrowing money has now fallen, […]
Mortgage rates expected to come down as bank rate stalls Read More »
If your fixed rate has ended or is coming to an end, you may find that you’ll automatically be put on your lenders higher standard variable rate which is often 2-3% higher than a new fixed rate mortgage. You may find that your mortgage rate has increased from 2% to around 7%. At present fixed
Help with your Mortgage: Support is available Read More »
If you’re thinking of moving this year, do not be put off by the high interest rates, here’s some advice on how to get ahead of the curve. Find out how much your home is worth so you know your budget Check what similar homes are selling for in you area Choose exactly what you want
Thinking of moving? Here’s some tips on where to start. Read More »
With increased mortgage rates, renting has could be more affordable for the first time in over 10 years. The typical monthly rent is now 9.5% or £122 less than a new mortgage repayment for the same rental property Higher mortgage rates have increased mortgage costs faster than rents have been rising It’s still more cost
Continue Renting or Buy Your First Home? Read More »
With mortgages at 6% the past few months have been difficult for many and we believe the market may stabilise back between 4-5% again in the next 6 months. However if you need a mortgage today, we can guide you on where to look for the best deals. Also see our article on the mortgage
More than a third of UK homes have lost value in the last 6 months, wiping £85 million from the housing market. That’s 11.1 million properties that are less expensive than they were last November, each losing an average of £7,700. But UK homes are split almost equally between those gaining value (32%), those seeing
Market prices; the ups and downs of homes in the UK Read More »
Your UK home is contributing toward being the second-highest producer of carbon every year. New-build developers are looking to change this. New homes built from 2023 will emit 29% of the amount of carbon of the average existing property Homes built from 2025 will emit just 10% From 2025, the energy bills for a new-build
How much more energy efficient will new homes be? Read More »
Over 60% of landlords are being hit by higher mortgage rates, risking a further squeeze on the number of rental homes available. Higher mortgage rates are hitting landlords who have loan to value mortgages of 50-75% hard. And that accounts for 20-30% of landlords 51% of all landlord sales are taking place in London and
How incresed interest rates are affecting landlords and tenants rent Read More »
House price growth expected to be greater in affordable rural areas and slower in city centres, says leading economist at Office for Budget Responsibility. Remote working has permanently changed the housing market as it enables people to leave cities and live in the countryside This has lead to greater price growth in rural areas, but
How working from home is affecting house prices and rents Read More »
95% mortgages are widely available from major banks and building societies, allowing first time buyers to save 50% less to buy their own home. The mortgage guarantee scheme means you only have to save up a 5% deposit to step onto the property ladder It’s now widely offered by lenders as it’s a government-backed scheme
Have you considered the mortgage guarantee scheme? Read More »
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