The Bank of England has reviewed the base rate and chosen to keep it where it is. The rate currently stands at 5.25%. If the rate had gone up, this would have been the 15th consecutive rate rise. While anyone on a fixed-rate deal would not have been affected, those on...
UK house prices fell by 4.6% annually and 1.9% in August – the most significant monthly drop since November 2022 – but Halifax says it may be a good thing for potential first-time buyers. Latest figures published in Halifax’s House Price Index show that a typical UK...
If you’ve been saving for a property and you’re almost ready to buy, you may be wondering if now is a good time and if you’re at risk of going into negative equity on your first home. Here’s what you need to know… Last month, banks warned that falling house prices...
Halifax’s House Price Index for July shows a slight price dip and an annual reduction of 2.4%, with house prices ‘little changed’ over the past six months. House prices went down slightly in July by 0.3%, according to Halifax. The lender has published its latest House...
The base rate has gone up to 5.25%, marking the fourteenth consecutive increase in the last 18 months. Find out what it means for your mortgage payments. The Bank of England has increased the base rate from 5% to 5.25%. The increase was widely anticipated, despite...
Buyers may have some renewed confidence in the property market as mortgage rates have been cut by some major lenders. Mortgage rates were cut by several large lenders last week. The Telegraph reported that Nationwide, TSB, and Barclays reduced rates after HSBC was the...
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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