News 

As global markets react to the escalating trade tensions initiated by President Trump’s tariffs, the future of mortgage rates is once again in the spotlight. Investors, analysts, and central bankers alike are bracing for what may be the biggest economic shock since the collapse of the Bretton Woods system in 1971.

The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have announced plans to review the 4.5 times salary loan-to-income (LTI) cap, a move that could impact mortgage lending across the UK.

Monetary Policy Update: BoE Keeps Rate at 4.5% – What It Means for the Economy? In a widely anticipated decision, the Bank of England (BoE) has chosen to hold the base interest rate at 4.5%, emphasizing that borrowing costs must “remain restrictive for sufficiently...

The latest RICS UK Residential Property Survey indicates a cooling housing market, with buyer demand weakening significantly in February. The net balance for buyer interest dropped to -14%, a sharp decline from -1% in January, marking the lowest demand levels since...

Big news for homebuyers and landlords! Halifax is reducing its fixed mortgage rates by up to 31 basis points, making homeownership and refinancing more affordable. From Friday, product transfers and further advance loans will also see cuts of up to 31bps, and some...

In a move that could reshape borrowing and investment landscapes, the Bank of England (BoE) has cut interest rates to 4.5%, down from 4.75%. This marks the lowest rate since June 2023 and signals a potential shift in monetary policy. But is this the first of many...

The UK housing market has started 2025 on a strong footing, with house prices rising at their fastest rate since April 2023. According to the latest Zoopla House Price

House asking prices have risen sharply in the first month of 2025, with an average increase of £5,992 (1.7%) from December. This marks the largest "New Year bounce" in the housing market since 2020, bringing the typical asking price of a property to £366,189,...

UK inflation unexpectedly fell in December to 2.5%, down from 2.6% in November. This marks the first decline in three months and has fueled hopes that the Bank of England may reduce interest rates as soon as next month. The dip in inflation was mainly driven by...

Significant changes to Stamp Duty Land Tax (SDLT) are set to take effect on April 1, 2025, which could have a major impact on homebuyers and property investors. Whether you’re a first-time buyer, upgrading your home, or purchasing a second property, understanding...

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...