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Lower mortgage rates from major lenders
A number of major lenders have cut rates below 4% on five-year fixed-rate mortgages, and competition among lenders is hotting up. Following the Bank of England’s decision to reduce the base rate from 5.25% to 5% on 1 August, major lenders are reducing their mortgage...
House price growth ‘highest since January’
Halifax has reported another small monthly increase in house prices, with encouraging signs for the property market. House prices went up by 0.8% in July, according to Halifax. The lender's latest House Price Index, published on 7 August, revealed that annual growth...
Most asking prices are being achieved
Property website Zoopla’s latest figures show that buyers are prepared to pay asking prices, and more properties are coming onto the market compared to 2023. The housing market remains stable, with 96.8% of asking prices achieved in July, according to property website...
House prices went up in July
Nationwide’s latest figures reveal a small uptick in property prices, and the latest base rate cut may be another boost to the housing market UK house prices increased by 0.3% month on month in July, according to Nationwide. The lender has published its July House...
The base rate comes down to 5%
The Bank of England has reduced the base rate – it's the first time the rate has changed since August 2023 and it's an encouraging sign for homebuyers, home movers and anyone who needs to remortgage. We're pleased to share some good news. The Bank of England has...
Inflation challenges not over
Despite some positive signs, the battle against inflation is not over yet. CPI inflation held steady in June, but services inflation remained higher than expected. So, what does this mean for the next base rate review? Figures released by the Office for National...
What does a Labour government mean for the property market?
Labour is promising more new homes but what will the change of government mean for house prices? You may be wondering how the change of government will affect the property market and what Labour plans to do to resolve the housing shortage. The financial markets have...
Halifax predicts a house price rise
The lender expects house prices to creep up slightly later this year and says the market has been recovering. House prices remained mostly flat in June, with the annual rate of house price growth unchanged from May at 1.6%, according to Halifax. The lender’s latest...
Major lenders cut their mortgage rates
Some key lenders have made rate reductions this week, and rates have been on a downward trend over the past few weeks. Several major lenders have reduced their fixed-rate mortgage deals in the past few days. NatWest was the first to make rate cuts, followed by...
No change to the base rate
Inflation is down, but the base rate has been held at 5.25% yet again. When is it likely to come down, and what’s happening with interest rates? Find out more… The Bank of England’s base rate has remained the same in today’s review despite yesterday’s news about...