LATEST NEWS
The truth about the cost of borrowing
You may have heard about rising interest rates and be concerned about whether they will continue to increase. Here’s what you need to know… The recent Bank of England base rate changes have been reported regularly in the media, with many homeowners and potential...
House prices went up again in June
More buyers than properties continues to play a big part in the reason why the housing market remains healthy. The property market remains strong, as house prices rose by 1.8% in June according to Halifax. The lender says this is the twelfth consecutive monthly rise....
The mortgage market is healthy
Mortgage lending went up in May despite the rising cost of living, with many people eager to secure a competitive interest rate on their mortgage. There has been a rise in mortgage lending in the last eight months as borrowers rush to lock in low interest rates....
Housing affordability tougher than ever
Surging property prices during the pandemic have meant that housing affordability is now at its lowest level on record according to Halifax. House prices have risen by 16.8% since the start of the pandemic according to Halifax. The lender says that average incomes...
The truth about mortgage affordability tests
You may have seen the recent media headlines about mortgage affordability tests being withdrawn from August. In reality, this isn’t as significant as it may seem. The Bank of England’s Financial Policy Committee (FPC) has announced it will withdraw its affordability...
The Base Rate Goes Up To 1.25%
Another base rate rise has just been announced by the Bank of England. Find out what this means for your mortgage. The Bank of England has just announced that it is increasing the base rate from 1% to 1.25% in a bid to fight inflation. The rate is now the highest it’s...
House Prices Went Up Again In May
Property prices increased again slightly last month but the market is expected to cool in the coming months. The housing market has seen more growth, with prices rising by one per cent in May according to Halifax. This marks the eleventh consecutive monthly rise, with...
What will happen to the housing market?
Some property experts are predicting that the housing market will slow down, but the crash previously anticipated by experts when Brexit and the pandemic took effect clearly hasn’t happened. However, rising living costs may impact the market. A housing market crash...
Property Prices Continue To Rise
The housing market continues to defy predictions with yet another property price increase in April. House prices increased by 1.1 per cent in April according to Halifax. The lender notes that this is the tenth monthly rise, the longest run since 2016. Prices have...
Base Rate Goes Up To One Per Cent
The Bank of England has just announced it is increasing the base rate to one per cent and is predicting that inflation will peak this year at more than ten per cent. Interest rates have just gone up. The Bank of England’s Monetary Policy Committee has voted to...