The governor of the Bank of England, Andrew Bailey, has said he expects interest rates to fall, albeit gradually, which will be welcome news for thousands of mortgage borrowers. Bailey said he was “very encouraged” by falling inflation and “therefore I do think the path for interest rates will be…
Barclays will today launch a range of new mortgage products, including a new lowest home loan rate on the market, just 24 hours after Nationwide released the first sub-3.75% deal. Barclays will today introduce a five-year fix at 3.71% for those buying their home with a 40% deposit. The deal…
A new property portal called NI Bricks has launched in Northern Ireland. To commemorate the launch, estate agents are being invited to join NI Bricks’ platform with the opportunity to list properties for free for up to three months. Founded in November last year and launched this week, NI Bricks…
Major lenders have introduced further mortgage rate cuts across fixed deals. Nationwide Building Society, NatWest and TSB have all lowered their mortgage products, including high loan-to-value (LTV) home loans aimed at buyers with low deposits. The latest announcements follows fresh in the wake of Barclays and TSB who cut mortgage…
The Bank of England is expected to cut interest rates again this year in what would be a welcome move for buyers, sellers, and of course, estate agents. UK estate agents have already reported more buyer interest after last month’s BoE rate cut, with buyer enquiries increasing significantly in recent…
Lenders are continuing to drop the cost of their mortgages as speculation grows that the Bank of England could opt to cut the interest rate for the first time in four years next week. Earlier this week, Nationwide reintroduced sub-4% fixed rate mortgages as it cut rates by up to 0.25% across…
Property listing volumes are averaging 6% higher than in Q2 2019 (used as the benchmark year), meaning that supply is the strongest it has been in years. However, transactions are struggling to progress through to completions, reflecting the ongoing affordability issues driven by high interest rates, new figures show. Landmark’s…
he new Labour government’s plans for the year ahead will be read out by King Charles in a speech to Parliament today. The speech is expected to outline around 40 draft laws ministers intend to introduce in the coming months, following Labour’s victory at this month’s general election. Measures relating…
With the time taken to exchange contracts on a property continuing to lengthen, Propertymark has produced a new report, ‘A Dickensian legal process’, to explore the reasons for the growing delays. Propertymark’s Housing Insight Report reveals that in March 2016, 78% of transactions progressed from offer acceptance to exchange of…
The average shelf-life of a mortgage has dropped to 15 days, down from 28 days a month earlier, the latest Moneyfacts UK Mortgage Trends Treasury Report data shows. Month-on-month rises to the average two- and five-year fixed mortgage rates were more modest, with average mortgage rate rises up by 0.02%,…
Latest news and updates
The governor of the Bank of England, Andrew Bailey, has said he expects interest rates to fall, albeit gradually, which will be welcome news for thousands of mortgage borrowers. Bailey said he was “very encouraged” by falling inflation and “therefore I do think the path for interest rates will be…
Barclays will today launch a range of new mortgage products, including a new lowest home loan rate on the market, just 24 hours after Nationwide released the first sub-3.75% deal. Barclays will today introduce a five-year fix at 3.71% for those buying their home with a 40% deposit. The deal…
A new property portal called NI Bricks has launched in Northern Ireland. To commemorate the launch, estate agents are being invited to join NI Bricks’ platform with the opportunity to list properties for free for up to three months. Founded in November last year and launched this week, NI Bricks…
