News 

Major changes to the UK’s stamp duty regulations are expected to spark a rush among first-time buyers in early 2025, according to Halifax, one of the nation’s leading lenders. With the average house price in the UK nearing £300,000, this shift could present both...

UK house prices wrapped up 2024 with a notable 4.7% year-on-year increase, showcasing the resilience of the market despite ongoing challenges. Prices remain slightly below the record high set in summer 2022, according to the latest Nationwide House Price Index....

The Bank of England has held its base rate steady at 4.75% in December, following two interest rate cuts earlier in 2024. While this has provided a glimmer of hope for borrowers, mortgage costs remain high for many UK homeowners.The first drop in rates since 2018 came...

The mortgage market for self-employed individuals is projected to experience a dramatic shift, with lending expected to rise from £20.9 billion in 2023 to £34.8 billion by 2029, according to Together’s Residential Property Market Report. This 67% growth highlights the...

House prices in the UK have risen for the fifth consecutive month, reaching a new record high of £298,083, according to Halifax. November saw a 1.3% increase in property values, the largest monthly gain this year, with annual growth accelerating to 4.8%, the highest...

Halifax has launched a 1.5-year fixed-rate product for remortgages, offering rates starting at 4.37% and including £250 cashback on all options. Details of Halifax’s New Product: 60% Loan-to-Value (LTV): 4.37% rate with a £1,499 fee, available for loans between...

In November 2024, the Bank of England reduced its base interest rate to 4.75%, following an earlier cut in August to 5%. These reductions mark the first downward moves in over four years. Interest rates significantly impact mortgages, loans, and savings for millions...

Donald Trump’s recent presidential election win may have a positive influence on the UK housing market, according to experts at the Specialist Lending Expo. Steve Cox, Chief Commercial Officer at Fleet Mortgages, highlighted the significance of US investments in the...

The Bank of England has taken a significant step by lowering its interest rates for the second time this year, setting the rate at 4.75%. This reduction of 0.25 percentage points from the previous 5% rate marks the lowest level in over a year. The move, though widely...

  Chancellor Rachel Reeves has introduced significant changes in the Autumn Budget 2024, aimed at reshaping the housing landscape by increasing stamp duty for second homes and implementing measures designed to assist first-time buyers. Key Changes for Second...

Encouraging Inflation News In a recent speech, Bank of England Governor Andrew Bailey shared some positive news about UK inflation. He indicated that inflation is decreasing “faster than expected.” However, he also expressed concerns about possible changes in the...

The latest data from LMS shows a significant increase in remortgaging activity in September, as many homeowners look to secure better mortgage deals amid rising monthly payment costs. With the average monthly payment rising by £370.13 for those who remortgaged, it’s...

The UK housing market is showing signs of recovery after two years of stagnation. According to the latest RICS UK Residential Survey for September, house prices have risen nationally for the first time since October 2022, marking a key turning point for buyers and...

HSBC has introduced a sweeping range of reductions to its residential and Buy-to-Let (BTL) mortgage products, effective from Thursday, 3rd October. This move offers an opportunity for both new and existing mortgage customers to benefit from reduced rates across...

The Bank of England has decided to keep interest rates steady at 5%. This decision comes as the bank pauses its efforts to ease financial pressure on households. The monetary policy committee (MPC) voted 8 to 1 against lowering rates again, citing ongoing concerns...

Nationwide Building Society is set to implement significant mortgage rate cuts from today, Friday, 13 September 2024, providing a substantial boost to first-time buyers and home movers. With reductions reaching up to 0.25 percentage points, the changes primarily focus...

Mortgage borrowing has reached its highest level in nearly two years, fueled by recent interest rate cuts. The Bank of England reported 62,000 mortgage approvals in July, the most since September 2022, indicating that many prospective buyers were waiting for better...

Halifax is making it easier for first-time buyers to get a mortgage with a new update starting Thursday, August 29. They are raising the maximum Loan-to-Income (LTI) limit to 5.5x. This change is available to those with a household income of £50,000 or more, a...

Halifax has done some significant changes and modifications to this new version of the product, to address the concerns of brokers and customers. The lender has expanded its list of acceptable foreign currencies, now recognizing income in five additional currencies:...

The UK's inflation rate has risen for the first time this year. It is now 2.2% for the year to July. This little rise placed it slightly above the Bank of England's 2% target. This figure has held since May. This rise was not out of the blue. They mostly fell due to...