The base rate stays the same

The base rate stays the same

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...
‘Property prices have seen only a mild decline so far’

‘Property prices have seen only a mild decline so far’

A monthly update from our Sales Manager, Phil Leivesley, on property prices and mortgage interest rates. How did the August base rate rise (from 5% to 5.25%) affect the mortgage market? The recent increase had been expected by the market, and so it had already...
Property demand falls

Property demand falls

Zoopla’s latest House Price Index shows reduced demand for properties due to interest rates being higher than they were earlier this year, with the South of England affected more than the rest of the country. Demand for properties in the UK has fallen by 18% in the...