UK Mortgage & Property Related News
The recent Bank of England decision to hold interest rates steady at 4.5% may seem like a moment of calm in the often-turbulent world of property investment. But what does this freeze really mean for landlords and their Buy-to-Let (BTL) mortgages?
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One mortgage broker thinks we could see a 3.5% fixed rate mortgage soon.
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The typical homeowner is paying £2,829 more on their mortgage each year than they were in 2022 thanks to rocketing interest rates.
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The Bank of England has warned economic and global trade uncertainty has “intensified” as it held UK interest rates at 4.5%.
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Inflation has risen again after falling in last month’s reading – it is at the highest level in 10 months
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Two major lenders launched mortgage deals on Thursday with interest rates of less than 4%, as competition picks up in the sector.
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First-time buyers are being urged to save ‘that little bit extra’ for a deposit as analysis showed there was tough competition for the homes in their price range.
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Yorkshire Building Society, Halifax, Santander, and Virgin Money have all unveiled rate cuts across their product ranges.
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The Bank of England (BoE) have today announced their base rate is to be cut 25 basis points, leaving the Bank Rate – what we might simply call the interest rate – at 4.5 per cent, the lowest it has been in the UK since mid-June 2023.
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Earlier this week we published an outlook for UK house prices. Now we look at mortgages, a key driver of housing market activity. Without the £1.7 trillion of mortgage finance, the whole ecosystem can’t function effectively. And that financing suddenly got more expensive in 2022 after a rapid increase in interest rates. While mortgage rates started to fall in 2024, there are some risks to the narrative that affordability will improve significantly this year. A surprise curveball has come from the UK government bond market in recent weeks.
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