The latest news and information on mortgages, the property market and other financial matters.
There has been another base rate increase just announced today. Find out what this means for your mortgage. The Bank of England has just announced it is increasing the base rate from 1.75% to 2.25%. The base rate dropped to 0.1% (an all-time low) after Covid first hit...
The property market is still showing resilience against some of the economic challenges we’re facing, with prices going up again in August, according to Halifax. House prices went up by +0.4% in August, according to Halifax’s House Price Index, compared to a slight...
What has the newly appointed Prime Minister previously said about the property market, and what changes is she likely to make? Yesterday Liz Truss was announced as the new Prime Minister. Truss secured 81,326 votes compared to Rishi Sunak, who got 60,399. You may...
Thinking of buying your first home and not sure if now is a good time to do it? Rising rents may be all the incentive you need to make your move onto the property ladder. Rental costs have increased steadily over the last year, meaning you’ll get less bang for your...
The housing market is still busy, with more buyers than properties, but asking prices have dipped very slightly for the first time this year. The average asking price of a property in the UK has dipped slightly in August by 1.3% to £365,173, according to Rightmove....
The need for stress testing has been withdrawn, which means it should be easier to get a mortgage, right? Unfortunately, this is not necessarily the case. Find out why removing stress testing may not make a difference to homebuyers. The media recently reported some...
The government’s new 95 Per Cent Mortgage Guarantee Scheme launched on Monday 19 April 2021. The aim of the scheme is to make more 95 per cent mortgages available to those with smaller deposits. First-time buyers can apply but you don’t have to be one to be eligible.
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