Interest rates are “now gradually on the path down”, the Bank of England governor has said after borrowing costs were held at 5%.
Read MoreInterest rates held at 5% but ‘on the path down’
Tag: property
Base rate held – but with mortgage rates falling, should you fix now or wait?
Fixed-rate mortgage deals have gotten cheaper in recent weeks – and brokers say rates could still come down a bit more, despite the Bank of England’s decision to hold the base rate at 5%. So what, if anything, should you do about it?
Read MoreNo End In Sight! Rental stock shortage to run into 2025
The huge imbalance between supply and demand in the private rental sector will continue into 2025, says Zoopla.
It says that the demand for rented housing has slowed as one -ff pandemic factors start to fade and lower mortgage rates help some renters buy their first home.
Read MoreSantander data throws new light on first time buyer hotspots
Santander UK has identified the top rising neighbourhoods that first-time buyers are choosing to purchase in, as moving further away from family, friends and familiar places to get onto the property ladder becomes more common.
Read MoreOverwhelmed! Experts fear worse court delays after Labour rent reforms
Legal concerns continue to mount following the launch of Labour’s Renters Rights Bill, with growing worries about how the court system will cope.
Read MoreLandlords warn they may raise rents in response to Labour’s renters’ rights bill
Private rental sector reforms ‘could lead to Airbnb Lite’, says landlords’ association before plan unveiled in parliament
Landlords are warning they may raise asking rents in high demand areas if long-awaited reforms unveiled in parliament on Wednesday turn parts of the private rented sector into “Airbnb Lite”.
Read MoreBill to ban landlords in England from rental bidding wars
Landlords in England will be banned from renting out their properties for more than the advertised price under reforms set out by the government on Wednesday, as ministers seek to stop expensive bidding wars.
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 MoreJoint mortgages being used as ‘weapons’ for domestic abuse in ‘hidden crime’, charity warns
Joint mortgages can be used as a “weapon” by domestic abusers against their current or former partners, a charity has warned.
A report by Surviving Economic Abuse (SEA) said survivors of domestic abuse have been left with mortgage arrears, low credit ratings, and housing and economic insecurity.
Read MoreGap between average rents in north and south of England shrinks to lowest level
The gap in rents paid by those in the north and south of England has closed to its lowest level in at least 11 years, figures have shown.
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