admin Rightmove revealed that prices of homes for sale increased 0.9 percent in January as optimistic sellers hit the market. And even though the mortgage crisis has slowed the real estate market, the number of potential buyers contacting agents is up 55 percent compared to the two weeks before Christmas. The increase is the biggest rebound … Read more
Mortgage interest rates are rising amid spiraling inflation, driving up monthly costs for many new homebuyers, those remortgages and variable rate customers. But while the expenses will be greater overall, a new study suggests that mortgage customers are now less likely to pay arrangement fees — and if they do, it’s likely to be lower. … Read more
Data shows that the cost of a home in Britain is now more than seven times the average income, putting housing affordability under the most strain it has ever seen. Since the start of the pandemic, property prices have increased by 16.8 percent while average incomes have increased by just 2.7 percent, according to Halifax. … Read more
Homeowners pay exorbitant fees to get out of fixed mortgage deals early before interest rates rise. It may seem counterintuitive to try to lower your bills by spending more. But it might be wise for interest rates to continue to rise as expected. Mortgage costs increased rapidly, bringing to an end the era of extremely … Read more
Home prices set to fall 5% next year, says Zoopla: Price inflation fell to 7.8% in October driven by sharp increase in mortgage rates Mortgage rates should drop to 4-5% next year, says the property’s website Average discount on asking prices increased to 3% Demand fell 44% after the September 23 mini budget Buyers use … Read more
Halifax has announced it is lowering the deposit required to buy new homes, in a move that could help some first-time buyers get back on the housing ladder. The bank halved the minimum deposit required for mortgages on new properties from 10 percent to 5 percent. The change is effective from July 1. Based on … Read more
Nationwide says the typical home is rising £26,000 a year to £271,600 with a faster rise in the South West, but house prices are now slowing slightly Year-over-year price growth slowed to 10.7% in June, down from 11.2% in May. The South West overtook Wales as the strongest performing region, at 14.7%. The average house … Read more
Real estate prices rose at the lowest monthly rate since 2019 in May, according to Zoopla, as the economic outlook and a higher base price began to “affect sentiment and activity.” Prices rose 0.1 percent during the month, the smallest monthly increase since December 2019, according to the real estate portal’s House Price Index. In … Read more
Borrowing on new mortgages rose by £3.2 billion in May, as buyers and sellers ‘stalled’ decided to crash amid changing market conditions. Net borrowing of new mortgage debt rose to £7.4 billion in May, according to money and credit data from the Bank of England, up from £4.2 billion in April. This was also well … Read more
House prices in Britain rose 13 per cent in the year to June, raising the average house price to £294,845. It is the highest annual growth rate since 2004, according to the most recent Halifax House Price Index. Prices rose 1.8 percent in June alone, up from 1 percent in May, making it the 12th … Read more