It might seem odd for us to be writing about last years exceptionally hot weather, especially in the middle of winter with frost fairly ubiquitous and we even had snow in the South of the UK last December. Since annual records began 140 years ago, 2022 has been the warmest year for the UK. The […]
2022 was the hottest recorded year for the UK Read More »
There are many things that can affect the market, here we discuss some of the key disruptors to the property market since the pandemic in 2020. Westminster; we have had three prime ministers, four chancellors and four home secretaries in 2022, some having very different policies. Property listings; when a property is listed all non-avoidable
What factors have affected the property industry in 2022? Read More »
Despite the latest increase to the Bank Rate, mortgage rates are expected to continue to edge downwards during the coming weeks. The Bank of England has increased interest rates by 0.5% to 3.5% – the highest level since October 2008 But the rate at which interest rates are being increased has slowed and economists think
Mortgages rates expected to come down, whilst bank rate continues to rise Read More »
With the cost of living crisis among us, many people still wish to celebrate the holidays with their usual decorations, but are unsure how this might affect their energy consumption. There are some simple changes you can make to help with this. Switch to LED lights (uses up to 90% less electricity than incandescent bulbs).
How to make your Christmas lights and decorations more energy efficient Read More »
Asking your landlord for help can be a good start With the cost of living crisis renters falling into arrears and then being evicted is one of the main reasons for many becoming homeless. Many landlords and employers would be open to helping at this time of the year, but you will need to let
What support is available to renters struggling to pay rent Read More »
Stamp duty cuts reversed and rising council tax rates on the way; but the energy price cap remains in place. We discuss how this is to effect mortgage rates and affordability. Stamp duty cuts to be reversed in April 2025 Energy price cap, raised to £3,000, to stay in place for a further 12 months
How the autumn statement is to affect the housing market Read More »
Green scheme is a fund that aims to give homeowners more financing options for energy efficient home improvements. The Green Home Finance Accelerator encourages lenders to develop loans for green home improvements. A wider choice of affordable loans will help homeowners improve energy efficiency, reduce bills and cut their carbon footprint. The fund is now
Green scheme aimed to help boost energy efficiency in your home Read More »
As the UK looks for economic stability with Rishi Sunak as the new prime minister, we expect the government to review the countries policies, in a hope that we see falling mortgage rates and positive rental market reforms as planned. Rishi Sunak is the new prime minister, what to expect under his leadership. Mortgage rates
New prime minister and part budget reversal, how does this affect the housing market? Read More »
Over 900 deals were withdrawn in less than 24 hours, whilst lenders look to reprice their loans. Mortgage offers will return once interest rates have been reassessed following the budget and outlook for the future. More than 900 products, representing one third of the mortgage market, were pulled overnight between 27 and 28 September The
Mortgage lenders remove a record number of deals from the market Read More »
Following Chancellor Kwasi Kwarteng’s mini-Budget the value of the pound has drastically fallen. The value of the pound has fallen steeply since Chancellor Kwasi Kwarteng delivered his mini-Budget, briefly hitting a record low against the US dollar The situation is expected to lead to higher interest rates, which could reach 6% by May Mortgage rates
How is the budget is affecting the housing market? Read More »
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