A Midlands city has been named among the UK’s most sought after places for first time home buyers.
Read MoreMidlands city named among UK’s most sought-after places for home buyers
Tag: house prices
Buying your first home in 2025? Here’s everything you need to know
You should be aware of extra costs beyond the deposit – and of what’s happening with interest rates
Read MoreFirst-time buyer mortgage costs are ‘20 per cent lower than rents’ with a £50,000 deposit
First-time buyer mortgage payments could be around a fifth lower than average rents if buyers have a 20 per cent deposit saved
Read MoreNorthern England predicted to outpace the South
Northern cities are set to outpace London and the South in house price growth over the next five years, property investment firm UOWN has predicted.
Read MoreMortgage repayments eat into a third of first-time buyers’ pay
Homebuying has been branded ‘prohibitively expensive’ as it emerged a first-time buyer must devote 36% of their take-home pay to fund their mortgage repayments.
Read MoreWill UK Mortgages Get Cheaper in 2025?
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.
Read MoreVolatile housing market this year despite mortgage resilience – Nationwide
Mortgage market activity and house prices proved surprisingly resilient in 2024 given the ongoing affordability challenges facing potential buyers.
That’s the view of the Nationwide, in a market snapshot suggesting a strong start to 2025 after a broadly strong 2024 too.
Read MoreBuy-to-let market sees yields hit record highs
Despite a challenging rental market, buy-to-let properties in England and Wales are delivering their highest average gross yields in nearly a decade.
According to research by Hamptons, the average gross rental yield on a newly purchased buy-to-let in England and Wales has reached 7.2%.
Read MoreMidlands area where house prices plummeted by £40,000 in a year – check your postcode
Homeowners across the West Midlands have seen thousands of pounds wiped from the values of their properties over the last year.
Read MoreHouse prices close to record high, says Halifax
The average UK house price came close to reaching a record high last month as falling mortgage rates helped to boost confidence among buyers, according to Halifax.
Read More