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Halifax reports record house prices

House Prices | 10 January 2025
Halifax reported that the average price of a property in Halifax is now £543,308, up 3.5% from last year.
 
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Bank of England set to reduce interest rates

Interest Rates | 10 January 2025
The Bank of England will likely cut interest rates again for the second consecutive year
 
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Scottish house prices rise by £13k

House Prices | 09 January 2025
Prices rose in all parts of Scotland but some areas saw a greater increase than others. East Renfrewshire experienced the biggest price increase, up by £27,270.
 
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Rental prices have risen by 40% in these areas over the past four years.

Rental Prices | 08 January 2025
Renters have had a difficult time in the last few years. They've paid ever-higher rents as they competed for a decreasing number of homes.
 
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Save £4,600 on your mortgage by switching

Mortgages | 08 January 2025
The mortgage holders have been urged to see if there are any ways they can lower their monthly bills. Around 600,000 homes are on Standard Variable Rates (SRV), which adds thousands of dollars to thei...
 
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Zoopla predicts 30% growth in housing sales

Housing Market | 05 January 2025
Zoopla predicts that 2024 will be a good year for home sales. The value of the homes in the pipeline is expected to increase by 30%, to £113bn.
 
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HOUSING MARKET IN WALES RISING

Housing Market | 05 January 2025
A building society said that there are "glimmers" of improvement in the housing market in Wales, following figures showing an increase in transactions, but a decrease in average prices.
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Number of houses for sale at 10-year high

Housing Market | 04 January 2025
Rightmove reports that the housing market is heating up, with people calling estate agents to purchase or sell properties. According to Britain's largest property website, the number of inquiries fro...
 
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RENTING NOW MORE EXPENSIVE THAN BUYING

Buying | 04 January 2025
As mortgage rates continue to fall, the monthly cost of buying a home has become cheaper. Zoopla's research found that first-time buyers can save 17% on their monthly mortgage costs compared to the av...
 
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What is the GDP of the UK and how fast is it growing?

Economy | 03 January 2025
According to the Office for National Statistics, the UK economy's growth has slowed down in recent months despite an increase in August. The strength of an economy can affect things such as the pay i...
 
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Santander says that interest rates will not fall below 3.75% in the next year

Interest Rates | 03 January 2025
Santander, the banking giant, has forecast that interest rates will drop to 3.75% by the end next year. This is a departure from recent predictions of even more aggressive rate cuts.
 
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Downsizing might become unaffordable

Property | 02 January 2025
Experts have warned that families may find it difficult to afford downsizing if the discount on stamp duty is not extended. Experts in the industry have warned that this move will only lead to a hous...
 
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Rural Midlands saw the biggest increases in house prices last year

House Prices | 01 January 2025
According to the Office of National Statistics' latest statistics, the average house price increased by 2.8% over the last year. Local property markets can behave very differently, so the official ON...

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GOVERNMENT COMMITS TO IMPROVING QUALITY OF NEW HOMES

New Homes | 01 January 2025
The UK government has accepted the proposals of the Competition Watchdog to improve quality in the construction of new homes.
 
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Property investment activity reaches 18-month high

Property | 30 December 2024
A new report shows that the investment activity on the Irish property market increased between July and September, reaching its highest levels in 18 months, thanks to falling interest rates. The tota...
 
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Government addresses housebuilding recommendations

Housing | 29 December 2024
The UK Government has published its response to the Competition and Markets Authority (CMA) Housebuilding Study, outlining key measures to address issues in the housing industry. The UK Government has...

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Co-op launches lower rate green mortgage range

Mortgages | 29 December 2024
The Co-operative Bank launched a green mortgage range that offers new customers who qualify a lower rate of interest when buying a property with a rating A or B EPC. For new customers, the product ...
 
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Nationwide offers mortgage holders 0% loans to make homes eco friendly

Mortgages | 28 December 2024
Nationwide customers across the country can now get interest-free loans of up to £20,000 for making their homes more energy-efficient. The largest building society in Britain offers the loan as an in...
 
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Rent inflation slows down to 4%

Buy to Let | 28 December 2024
According to SpareRoom, rents increased by 4% from the second quarter of the previous year, which is the lowest increase since 2024. Northern Ireland (+8%), East Anglia (+16%) and North West (+6%) ar...
 
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Budget 2024: will Labour help Londoners get on the property market?

Deposits | 27 December 2024
As housing affordability in the capital worsens, the deposit required for a first time buyer to buy a house in London has reached record levels. The typical deposit required by a first-time buyer in ...
 
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Could next weeks budget damage property investments?

Property Investments | 27 December 2024
A financial services company warns that the Budget, which will be announced next week, could cause financial shock to investors. Nigel Green, chief executive of DeVere Group, says that capital gains ...
 
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Making these basic mistakes could put off potential buyers

Property | 26 December 2024
Selling a home can be stressful, especially when there can be numerous viewings and pressure to keep your home clean. While homeowners think they might be doing things correctly, they may also be maki...
 
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BANKS WILL REVEAL IF JULY RATE REDUCTION HAS BEEN PASSED ONTO CUSTOMERS

Interest Rates | 25 December 2024
In their first major report since the summer's reduction in borrowing rates, banks will reveal whether Britons have benefited from the lower interest rate.
 
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Stamp duty: What is it and how much do I pay?

Stamp Duty | 24 December 2024
If the Conservatives won the election, they had promised to keep the threshold for stamp duty at £425,000. Reeves will likely allow thresholds to return to the levels before Liz Truss’ mini-Budget.

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Hunt predicts that the UK economy will not go into recession despite no growth in February

 
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Rent inflation slows down to 4%

 
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As defaults rise, banks make it more difficult to get a mortgage

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