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House prices remained stable in May
Halifax’s latest House Price Index showed that monthly house prices dipped just slightly last month, while figures released at the end of May from Nationwide showed a small increase. Both lenders agree that the market is showing resilience. House prices were stable in...
Inflation is down, but when will the base rate be cut?
Figures released by the Office for National Statistics today showed that inflation has come down – and is now only slightly above the Bank of England’s 2% target. CPI inflation, which relates to everyday goods like groceries, fuel and clothing, fell to 2.3% in April,...
No change in the base rate
The Bank of England has today announced its decision to hold the existing base rate. So, what does this mean for mortgage rates and the property market for the remainder of this year? In a predicted move on 9 May, the Bank of England’s Monetary Policy Committee has...
House prices should go up this year, says Halifax
If the base rate goes down in 2024, mortgage rates should fall, and property prices should rise this year, says the lender. Read more about the latest house prices and Halifax’s expectations for the property market. House prices increased on average by 0.1% in April...
House prices will go up and mortgage rates will come down, says Lloyds
Lloyds Bank has shared predictions in late April that could benefit home buyers and boost the property market. Lloyds Bank recently delivered a dual dose of optimism for homeowners and prospective property buyers. Britain’s biggest bank has predicted that property...
April property market update
The latest update on the property market, including why figures can vary and why there’s different price growth for different types of properties. You may wonder why there can often be mixed reports about the state of the property market. Some sources may claim that...
House prices remain the same
Property prices remain broadly static, but sales volumes are going up, according to Zoopla’s latest figures Annual house price inflation stands at -0.2%, the same as in February, according to Zoopla’s House Price Index. The property website has published its latest...
Mortgage rates go up
Major lenders have made small increases to some of their fixed-rate mortgage loans in response to inflation not coming down as fast as expected and rising swap rates. Read on if you’re due to remortgage this year. This week, five major lenders have raised their...
Possible stamp duty change to benefit homebuyers
The threshold at which stamp duty is paid could be increased to save homebuyers money, according to the media. Over the past few days, several newspaper websites have reported rumours of a possible stamp duty change later in the year, which would benefit certain...
Headline inflation falls in March
Inflation continues to come down gradually, but a base rate cut in the summer may be less likely, according to financial analysts Inflation fell again in March, with Consumer Price Index inflation – known as “headline inflation” – dropping to 3.2%. In February, it...