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 MoreNorthern England predicted to outpace the South
Tag: mortgage rates
Best mortgage rates February 2025
Find out the best rates in February for first-time buyers, home movers and remortgagers, plus what to look for when comparing deals
Read MoreFour major mortgage lenders all increase rates at the same time: Here’s why more may follow…
Major banks have begun increasing mortgage rates in response to renewed economic uncertainty.
Read MoreStamp duty changes ‘will motivate’ first time buyer boom in early 2025, lender says
Looming changes to stamp duty will give first-time buyers “greater motivation” to get on the housing ladder, British bank Halifax has said.
Read MoreMortgage market set for a rebound in 2025
The UK mortgage market is poised for growth in 2025, with lending activity expected to rebound amid improving economic conditions and stabilising interest rates.
According to the latest report from the Intermediary Mortgage Lenders Association (IMLA), gross mortgage lending is projected to increase by 16% to £275 billion, up from £237.5 billion in 2024. This growth is attributed to easing affordability pressures and greater demand for remortgaging as rates settle between 3% and 4%.
Read MoreShould I stick with my tracker mortgage with rates falling or move to a cheaper fix? DAVID HOLLINGWORTH replies
I’m on a Natwest tracker mortgage but can switch to a new deal.
I owe £31,000 to be repaid over the next five years and 10 months. It’s 6.04 per cent but will come down after the latest base rate cut from the Bank of England.
I earn £3,000 a month so have been making massive overpayment. Would I be better off staying on a tracker or fixing?
Read MoreMortgage rates finally fall for first-time buyers – best deals compared
First-time home buyers and those with smaller deposits have received welcome relief after mortgage rates finally began to fall.
Nationwide, HSBC and NatWest cut their fixed rates on Friday amid “frenetic” competition between big-name mortgage providers. TSB did so for the second time in a week in a rare move.
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