Property asking prices increase by £1,950 in October, smallest rise since 2008 According to the latest analysis from Rightmove, property asking prices in the UK have increased by an average of £1,950 this month. Although this is a typical rise for this time of year, October’s increase of 0.5% is the smallest since 2008. Over …
According to a recent survey by the Royal Institution of Chartered Surveyors (RICS), house prices in the UK are continuing to decrease. The survey found that there is a decline in buyer demand and fewer homes coming onto the market. This, along with higher mortgage rates, is causing sales transactions and house prices to fall. …
Record Rents: Average Advertised Rents Rise Across the UK The cost of renting a home outside of London has reached a new high, with average advertised rents reaching £1,278 per month between July and September. This represents a 10% increase in just one year, or a 3.8% increase in the past three months. Rightmove’s Rental …
Youthful Homebuyers Extending Mortgages for Over 35 Years – Adding Up to One-Third to Total Cost Homeowners are being compelled to prolong their mortgage terms in order to manage expenses effectively. However, although reducing monthly payments may seem like a viable solution, it inevitably leads to a larger overall bill. According to credit checking firm …
Lenders continue to slash mortgage rates this week, with several high street banks offering deals below 5%. TSB is launching a five-year fixed mortgage with an interest rate of 4.89%, available to buyers with a 40% deposit and a fee of £995. Virgin Money has a similar deal at 4.82%, but with a larger fee …
House Prices Experience 5.3% Drop | Nationwide Report According to Nationwide’s latest house price index, house prices in the UK fell by 5.3% in the year to September, equivalent to approximately £14,500. This decline has been attributed to the increase in mortgage rates, resulting in reduced affordability for potential buyers and movers. The drop marks …
Is Spray Foam Insulation a Problem for Mortgages? Two years ago, my daughter took out a mortgage with a fixed rate of 3.05%. As the end of the deal approaches, we are concerned about a problem we discovered when we wanted to make our home more energy-efficient. The company we hired to install solar panels …
Lenders launch flurry of mortgage rate cuts as five-year average goes sub-6% Halifax, Barclays, and Clydesdale have all announced rate cuts this afternoon after moves from NatWest, Santander, and HSBC earlier this week. The average five-year fixed mortgage rate has now dipped below 6% for the first time since July, according to financial information service …
UK property prices have experienced a decline of 0.5% over the past year, marking the first drop in a decade, according to Zoopla. The property portal’s latest house price index reveals that buyers are taking advantage of the current market conditions and seeking further discounts. On average, buyers are negotiating £12,125 (4%) off the asking …
Asking Prices Slashed in the South East as Home Sellers Struggle to Find Buyers Home sellers in the South East of England are reducing asking prices in a bid to attract buyers, according to new data from property website Zoopla. Eight out of the top 10 areas in the UK with the highest proportion of …