The number of properties sold soared by 15% during the month of February, as 96,250 homes changed hands, according to HMRC. Key takeaways Almost 100,000 homes changed hands in February as the property market showed signs of an early spring bounce Home sales were 15% higher than in January but 20% lower than in […]
Nearly 100,000 homes change hands in February Read More »
Nearly two million homeowners will see their mortgage repayments increase after the Bank Rate was hiked for the third time in four months. Key takeaways The Bank of England has increased interest rates for the third time in four months The Bank Rate has risen from 0.5% to 0.75% The change will add around £42
Interest rates rise again Read More »
New home listings were 5% higher in January than the previous five-year average, as the flow of supply starts to increase. Key takeaways The number of properties put up for sale were 5% higher in January than the five-year average House prices rose by 7.8% in the year to the end of January, but the
House price growth shows signs of slowing as supply increases Read More »
From tax cuts for green home improvements to reduced fuel duty, here’s how the Spring Statement will affect homeowners and renters this year. Chancellor Rishi Sunak’s Spring Statement 2022 contained few measures that will impact the housing market directly. But with households feeling the squeeze from the rising cost of living and higher interest rates,
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With interest rates rising four times in the last three months, and further rises expected later this year, could now be a good time to remortgage? Key takeaways If you’re on a standard variable rate or tracker mortgage, now could be a good time to look into a low-interest, fixed-rate mortgage 74% of the UK
Is now a good time to remortgage? Read More »
House prices have gone up by of 8.1% year-on-year, meaning the average UK home now costs £245,200. Find out what that money buys across the UK. The average UK home now costs £245,200, according to our latest House Price Index. That’s an increase of around £80,000 per home over the past decade. But what does that
10 homes for sale for £245,200, the new national average price for property Read More »
Rising inflation tends to lead to higher interest rates which can slow house price growth. Here’s how inflation impacts the property market. Key takeaways Rising inflation tends to lead to slower house price growth It can also make it slightly harder to get a mortgage There is no reason to delay buying a house if
How does rising inflation impact the housing market? Read More »
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