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August house sales up by 10%
UK residential sales were higher than during the same period last year. According to Propertymark’s Housing Insight Report for August 2024, UK residential sales transactions were almost 10% higher than for the same period in 2023. Key statistics from the report...
New Towns offer affordable housing with strong growth potential
According to latest analysis conducted by Halifax, New Towns offer homeowners the potential to benefit from significant price growth, as well as being a great stepping stone for first-time buyers. With the government’s plan to build 1.5 million new homes in England...
Inflation falls to lowest level in three years
As inflation falls to 1.7% – below the Bank of England’s 2% target – what does this mean for your mortgage? UK inflation fell to 1.7% in September, the lowest it’s been since April 2021, according to figures just released by the Office for National Statistics (ONS)....
House prices rise again
Halifax’s latest figures show a third consecutive monthly increase in property prices, with market conditions continuing to improve. House prices have risen for the third month in a row, according to Halifax. The lender’s latest House Price Index for September...
Bank of England base rate stays the same
The Bank of England has decided to keep the base rate at 5% in today’s review. The Bank’s Monetary Policy Committee has voted to keep the rate at 5%. In the last review on 1 August, the rate decreased from 5.25% to 5%, marking the first reduction in four years. While...
Lloyds Bank and Halifax raise borrowing limit
New mortgage policy will allow first-time buyers to borrow more… but where will people benefit most from the change? Lloyds Bank and Halifax have announced a new mortgage policy that will allow first-time buyers to borrow up to 5.5 times their income, an increase on...
Strongest house price increase in two years
Halifax’s latest figures show that property prices have seen the highest increase since November 2022, and the possibility of further interest rate cuts offers hope to homebuyers. According to Halifax, house prices increased by 0.3% in August, compared to a 0.9% rise...
Buyer demand increases
New data reveals the housing market is slowly recovering, with buyer demand rising and supply of homes at a seven-year high. According to Zoopla’s latest house price index, the housing market is steadily recovering from the impact of higher mortgage rates, with house...
Hottest spots for first-time buyers revealed
Halifax unveils Britain’s most popular locations for new homeowners and what makes them appealing choices for buyers New research based on data from the Halifax House Price Index, has revealed Britain’s hottest locations for first-time buyers outside of London. While...
Inflation goes up in July
CPI Inflation went back up in July compared to June, but the increase was predicted due to gas and electricity prices falling less than they did last year. July saw a 2.2% increase in Consumer Prices Index (CPI) inflation, up by 0.2% from the previous month, according...