UK Mortgage & Property Related News
The BoE is falling behind and it might need to hike rates between 3% and 4% by the end of the year.
Currently, many experts expect inflation to peak at around 13% this autumn. However, given it’s already outpaced forecasts, some suggest it’ll be 15% in early 2023.
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The pandemic property market boom shows little sign of slowing despite a string of interest rates adding to an uncertain economic outlook.
It currently takes the average UK seller 97 days from the point they first list their home for sale until they find a buyer and the property is marked as sold subject to contract.
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Prices are shooting up and millions of people are starting to feel the effects.
The new energy price cap has been announced, but there’s more to come as we head into autumn. Here are some of the key dates and events in the coming weeks that are almost certain to mean more belt-tightening.
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Barclays has lifted rates by up to 28 basis points across a selected range of residential purchase, remortgage and buy-to-let products.
Among the lender’s residential purchase loans, a five-year fixed-rate 90% loan-to-value offer increases by 26bps to 3.89%, with a £999 product fee.
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When it comes to our homes, the flight to quality has always been evident but this has become especially apparent following a period in history when we all spent more time than ever within our own four walls.
This has led to a raft of home improvements, innovative spaces opened up for home offices and a general focus on better utilising the rooms we have.
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