House prices in Northern Ireland saw their second consecutive quarterly fall in the first quarter of 2023. The official House Price Index saw a 1.8% decline compared to the final quarter of 2022 giving an average price of £172,000. However,…
Customers seeking a 10-year fixed mortgage deal are faced with a shrinking range of options as lenders retreat from this part of the market. Recent analysis by Moneyfactscompare.co.uk shows a discernible downturn in the provision of these decade-long fixed agreements….
Interest rates have been raised to 4.5%, putting more pressure on borrowers – particularly those on tracker mortgages, variable rates and those buying or remortgaging. The Bank of England’s 0.25% rise is the 12th consecutive hike to the base rate and…
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That’s us finished up for the Easter Holidays folks. We’ll be back on Wednesday 12th. Hope the Easter Bunny delivers plenty of eggs for everyone. Happy Easter to you all
An additional 200,000 Universal Credit claimants will be able to access quicker support with their mortgage from today Previously, claimants would need to have been unemployed for nine months before they could access a Support for Mortgage Interest loan, which…
Lenders are slashing mortgage rates despite the Bank of England raising the Bank Rate last week. Virgin Money has today launched a five-year fixed remortgage deal at 3.95 per cent, undercutting HSBC which brought out a 3.99 per cent deal…
Soaring house prices during the pandemic combined with surging mortgage rates and slower relative growth of incomes have created greater barriers for first-time buyers. This is according to a report published today by Nationwide Building Society, which has laid out…
The narrative surrounding UK housing has been negative since the mini-Budget in September 2022. A sudden rise in the cost of fixed rate mortgages to above 6 per cent reversed a trend to ever surging residential prices. Upholding their reputation as…
A drop in your asking price is likely not an actual loss compared with what you paid for it, only a failure to live up to aspirations Tim Bannister, Rightmove ‘However, while average asking prices did rise in January, they…