In surprising news, annual inflation dropped to 2.5% in December. Find out more about what this could mean for future interest rates and your finances. The latest inflation data is in, and December brought some unexpected news. Consumer Prices Index (CPI) inflation...
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The latest news and information on mortgages, the property market and other financial matters.
House prices dipped in December but rose annually
Halifax reveals last year’s regional rises and falls and what the property market may have in store for 2025. House prices decreased slightly in December, according to Halifax. The latest figures from the lender showed that prices went down by 0.2% in December, but...
Cost of private renting increases
As the cost of private renting goes up, now could be a good time to make the transition to home ownership. Here’s what you need to know… If you currently rent a property in the UK, it’s probably no surprise to hear that private renting is getting more expensive....
Base rate held at 4.75%
Base rate is unchanged in December’s review, possibly due to inflation creeping up again in November. The Bank of England has today voted to keep the base rate at 4.75%. While many might have hoped for another rate cut following November’s reduction from 5%, inflation...
UK mortgage market predicted to grow next year
Gross mortgage lending is forecast to rise by 11% as affordability improves, and steady growth is predicted for 2025. UK Finance has recently released its latest housing and mortgage market forecasts, which project continued growth throughout 2025. The forecasts...
Self-employed mortgage market set to rise
The changing face of the workplace means the number of ‘non-standard’ mortgage applications is set to grow by 67% over the next five years. According to new research from specialist lender, Together, lending to self-employed mortgage applicants is set to grow from...