LATEST NEWS

The base rate goes up to 4%

The base rate goes up to 4%

Another base rate rise has just been announced by the Bank of England. Find out what the rate rise means for you and what’s happening with mortgage interest rates in general. The Bank of England has just increased the base rate from 3.5% to 4%, which is the tenth...

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Mortgage interest rates keep coming down

Mortgage interest rates keep coming down

Despite today's Bank of England base rate increase, mortgage interest rates look set to keep falling and should be below 4% in a few weeks, according to industry experts. Updated on 2nd February 2023 A few weeks ago, we reported that mortgage interest rates were...

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What’s happening in the mortgage market?

What’s happening in the mortgage market?

Our Sales Manager, Phil Leivesley, shares his views on current property prices and mortgage interest rates and what they could mean for you. If you plan to move house this year, or you're a potential first-time buyer, you might be wondering what's happening in the...

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Mortgage interest rates are dropping

Mortgage interest rates are dropping

The property market will benefit from interest rates going down, and rates are expected to keep falling. Good news for anyone looking to buy their first home, move house or remortgage this year – mortgage interest rates are dropping. Rates went up after the...

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Asking prices go up in January

Asking prices go up in January

The new year has started on a good note as asking prices in January have gone up, and monthly mortgage payments are starting to come down. Asking prices for properties have increased by an average of 0.9% in January, according to Rightmove. Despite recent house price...

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Divorce rates go up in January

Divorce rates go up in January

January has been dubbed ‘Divorce Month’, and older people, in particular, are not settling with their long-term partners if they’re unhappy. Divorce applications in the UK recently reached their highest level in a decade. The no fault divorce law came into force in...

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House prices fell slightly in December

House prices fell slightly in December

Prices dipped but still remain above pre-pandemic levels, according to Halifax. Find out what the lender thinks 2023 will have in store for the property market. House prices in the UK fell by 1.5% in December compared to 2.4% in November, according to Halifax’s latest...

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Demand for rural properties slows

Demand for rural properties slows

Zoopla’s UK House Price Index, published earlier this month, reveals that more people will be heading back to urban areas, and flats will see an increased demand in 2023. House prices increased by 7.2% in 2022, according to property website Zoopla (an increase of...

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House prices expected to drop in 2023

House prices expected to drop in 2023

Halifax is expecting property prices to drop in the new year but says the price rises during the pandemic were some of the biggest the market has ever seen. The lender predicts that UK house prices will fall next year by around 8%. However, it says that forecast...

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Bank of England base rate goes up to 3.5%

Bank of England base rate goes up to 3.5%

The Bank of England has just announced a base rate increase from 3% to 3.5%. The rate increased from 2.25% to 3% last month and has consistently risen in the last year. The base rate has increased again – this time from 3% to 3.5%. The base rate is the interest rate...

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