FIRST TIME BUYERS MORTGAGE GUIDE
House prices dip, but the market is more active
There’s been a slight dip in house prices, but buyer demand and general activity in the property market have improved. House prices have dipped recently, but there is renewed interest among prospective home buyers, and the market is showing improved momentum. Average...
Mortgage rates at their lowest for six months
Good news from Moneyfacts – rates are lower than they’ve been since last summer. Mortgage rates have fallen to their lowest level for six months, according to independent financial website Moneyfacts. New figures posted on its website have shown that the average two...
Boxing Day bounce saw an uplift in property listings
The property market may well be picking up – Rightmove saw an increase in the number of properties going onto the market for sale in December 2023 when compared to the previous year. The number of homeowners who put their properties up for sale on Boxing Day increased...
House prices went up in December
The property market has outperformed expectations and seen an increase in house prices in the last month, according to Halifax. UK house prices have risen for the third month in a row. Halifax says that average house prices went up by 1.1% in December and that prices...
Mortgage rates fall again in January
Mortgage rates have come down again, so does this mean that rates will continue to fall?Earlier this week, it was announced that one of the major banks was offering lower than 4% mortgage deals, with more lenders expected to follow suit. It’s important to note that...
Mortgage Guarantee Scheme Is Extended
First-time buyers may be pleased to hear that in today’s Autumn Statement, the Chancellor revealed that the Mortgage Guarantee Scheme will continue into 2024 and the first half of 2025. Chancellor Jeremy Hunt has just announced that the Mortgage Guarantee Scheme has...
What does the inflation drop mean for mortgages?
Inflation fell to its lowest rate for two years in October, and the latest month-on-month drop was slightly larger than anticipated. What does this mean for the mortgage and property market? Consumer Price Index (CPI) inflation (which relates to goods and services)...
Locations where house prices have risen
Over the past year, we’ve seen house prices decline in general, but some regions of the UK have seen prices move in a positive direction. Read more… Despite average house prices falling by 3.9% over the past year, some areas in the UK have bucked the trend and seen...
House prices went up in October
A slight increase in property prices was seen last month by Halifax, despite sellers being more cautious and buyer demand being down UK house prices went up in October for the first time in six months, according to Halifax. The lender says average house prices rose by...
House prices see a modest fall in September
House prices dipped slightly, and Halifax has described the property market as a ‘buyer’s market’. UK house prices fell in September, but the pace of the monthly decline has slowed, according to Halifax. The lender, who published its latest House Price Index on 6...