The first Bank of England rate cut in four years
At the beginning of August, the Bank of England announced a cut in the base rate of 0.25% from 5.25% to 5% – the first rate cut in four years, although the decision was a narrow one in favour of the cut. So, how has the market responded? There is a report from Rightmove of […]
Labour’s building targets could boost housing market by £161.6 billion
Research has suggested that England’s housing market could be boosted by £161.6 billion if the Labour government honours it’s commitment to deliver 370,000 new homes each year. London lettings and estate agent Benham and Reeves claims that housing delivery would be propelled by 22 per cent and the housing market would significantly increase in value. […]
Buyer demand for homes is a fifth higher than this time last year, research reveals
Buyer demand for homes is a fifth higher than this time last year and new sales agreed are almost a quarter higher, building on the increased momentum in sales from earlier in the year as mortgage rates fall to an average of c4.5% for a 5-year fixed rate at 75% LTV, according to Zoopla’s House […]
Sortrefer launches new flexible re-mortgage product series
Derby-based SortRefer, market leaders in the conveyancing and legal services sector, have announced the launch of a new Flexible Remortgage product series. This new series expands on SortRefer’s existing range of remortgage legal options and offers enhanced pricing flexibility in direct response to broker feedback. The Flexible Remortgage series was developed after brokers conveyed a […]
Energy price cap increase could raise bills by £558 for least energy-efficient homes
With the energy price cap announced to rise by 10% from October, the UK’s biggest property website Rightmove reveals that this could mean an annual increase of £558 for households in the least energy efficient homes. Rightmove’s monthly energy bills tracker shows that the energy price cap rise of 10% means that someone living in […]