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how interest rate increase could affect UK housing market

How Interest Rate Increase Could Affect UK Housing Market

It is expected that the Bank of England (BoE) will raise the base rate, also called interest rate, to 0.75%. This will be the third...

Sometimes the process itself is delayed.

One In Four Adults Unable To Fund Lifestyle Without Parental Help

Recent research has found that 24% of those aged 18-44 would be unable to afford their lifestyle without financial help from their parents, although 35%...

Interest-Only Mortgages

Interest-Only Mortgage-Holders Unprepared, says FCA

The end of the term for interest-only mortgage-holders is set to peak over the next 10 to 14 years, and borrowers are not prepared, warns...

Modern houses

Shared Ownership Cheaper Than Renting In London

People who rent in London could save more than £40,000 in two years by buying a property through shared ownership, according to research carried out...

UK house

Shorter Void Periods But Rents Dip In BTL Sector

There was a modest decrease in void rates in February, although rents experienced a dip in all but three regions in the UK, according to...

Purplebricks Sold To Strike For £1 - What Will Change?

Purplebricks Sold To Strike For £1 – What Will Change?

23 May 2023 – Last week it was announced that the online estate agent Purplebricks sold to Strike for the token sum of £1. When...

mortgage interest rate rule

Bank Of England Plans To Scrap Interest Rate Rule For Mortgages

The Bank intends to abolish the rule that borrowers must be able to afford a rate rise of three percentage points. The Bank of England...

rise of retiree landlords

Welcome To The New Age Of The Senior Citizen Landlord

Lending rules eased by banks have handed a lifeline to retiree landlords previously barred from buy-to-let investing. Minimum income requirements, which specify buy-to-let borrowers must...

Arctic waters

Climate Change Experts Warn Against Buying Coastal Property

Climate change experts are advising against purchasing coastal property as research shows there will be an unparalleled ice melt within the next 30 years. According...

Average Asking Price 2.6% Higher Than In January This Year

Average Asking Price 2.6% Higher Than In January This Year

18 July 2023 – Despite house prices having fallen slightly in July compared to June, the average asking price is still 2.6% higher this month...

First Time Buyers High

First-Time Buyers Become Largest Group Of Home Buyers

The latest research conducted by Zoopla has found that first-time buyers (FTBs) have become the largest group of home buyers in 2019. Zoopla analysed the...

House Sales Are Down By 23% In 2023 Compared To 2022

House Sales Are Down By 23% In 2023 Compared To 2022

31 October 2023 – While the property market has shown a lot of resilience in the past months, it appears that high inflation and mortgage...

New homes

2m New Homeowners Pledge Bemuses Lenders

Boris Johnson’s conference promise to create two million new homeowners with 95pc loans leaves the the mortgage industry bemused as to how it can be...

Big Ben

RLA Comments On Parties’ Housing Manifestos

The three main political parties have all now published their manifestos as they seek to form the next government. What are their policies for the...

The UK Housing Market Outlook

Outlook for housing market ‘worst for 20 years’

The UK’s housing market will continue to see house sales slump over the next three months with figures falling to their lowest in 20 years,...

BoE Raises Interest Rates But Mortgage Rates Fall

BoE Raises Interest Rates But Mortgage Rates Fall

28 March 2023 – Last week, the Bank of England raised interest rates for the eleventh time in a row to 4.25%, but mortgage rates...

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