LATEST NEWS
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...
Annual house price growth slows
The housing market remains stable but is still sensitive to the scale and pace of interest rate changes, according to Halifax. House prices went up by 2% in March compared to the previous quarter, but annual house price growth has slowed, and house prices fell by 1%...
House sales volume increase
For a long time, there was a short supply of properties, but this seems to be changing. There are more properties coming to the market, and house sales have gone up in the past year. Read more… House sales have gone up by 9% annually, according to Zoopla. The property...
The base rate remains unchanged
In the latest base rate review, the Bank of England’s Monetary Policy Committee has voted to keep the rate the same. The Bank of England reviewed the base rate on 21 March and decided to keep it at 5.25%. It has remained unchanged since August. Recent news...
Inflation falls in February
Inflation went down last month, edging closer to the government’s 2% target. What does this mean for interest rates? Consumer prices index (CPI) inflation fell to 3.4% in February, down from 4% in January – the lowest level in two and a half years. CPI inflation is...