property market

Things to watch out for across the UK property market in 2024

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements. The past year has seen the highest mortgage rates on record, influenced by high inflation, the closure […]

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements. The past year has seen the highest mortgage rates on record, influenced by high inflation, the closure of the Help to Buy scheme and increased costs of living, all of which have put the housing market in a unique position. UK Mortgage Broker offer whole-of-market search with totally FREE mortgage quotes and advice, so Contact Us today. Looking to the future, Pete Mugleston, MD and mortgage expert at Online Mortgage Advisor give his thoughts on what the property market might look like throughout the rest of 2024. Read about the UK Housing Market via our Specialist Residential & Buy to Let Division As we head further into 2024 there is a strong indication that mortgage rates will slowly start to go down, which is great news for anyone who has been putting buying a house on hold. Right now, we’re seeing rates for a two-year fixed mortgage at about 5.95% and a five-year fixed at 5.57%, which is lower than before when you consider they were previously at 6.85% and 6.37% respectively. To read the full article click the link below: Source: Property Reporter
house prices

Housing Market shows sign of improvement despite high rates

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements. UK house prices fell by 0.2% in March. Nevertheless, the annual rate of house price growth edged […]

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements.

UK house prices fell by 0.2% in March. Nevertheless, the annual rate of house price growth edged higher to 1.6% in March, from 1.2% in February.

UK Mortgage Broker offer whole-of-market search with totally FREE mortgage quotes and advice, so Contact Us today.

The figures come from the Nationwide and the lender’s chief economist – Robert Gardner – says: “Activity has picked up from the weak levels prevailing towards the end of 2023 but remain relatively subdued by historic standards. For example, the number of mortgages approved for house purchase in January was around 15% below pre-pandemic levels.

Read about the UK Housing Market via our Specialist Residential & Buy to Let Division

“This largely reflects the impact of higher interest rates on affordability. While mortgage rates are below the peaks seen in mid-2023, they remain well above the lows prevailing in the wake of the pandemic”

To read the full article click the link below:

Source: Introducer Today

house prices

House Prices Rise for Second Month in a Row

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements. After a surprising fall in house prices last month, economists have indicated that it was merely a […]

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements.

After a surprising fall in house prices last month, economists have indicated that it was merely a temporary setback and expect prices to continue rising throughout the year.

UK Mortgage Broker offer whole-of-market search with totally FREE mortgage quotes and advice, so Contact Us today.

Despite a 0.2% decline in March, home values had previously risen in both January and February, showing an overall positive trend. House prices across the UK are currently 1.6% higher than they were a year ago, representing the strongest year-on-year growth since December 2022.

Read about the UK Housing Market via our Specialist Residential & Buy to Let Division

According to Nationwide, the average price of a house in the UK is now £261,142, with economists predicting that prices will end the year significantly higher than they started. Although March saw a decline, economists believe it to be a “blip” and expect prices to resume their upward trajectory.

To read the full article click the link below:

Source: Business Matters

UK properties

Analysis shows long term rebalancing housing market

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements. The average volume of UK properties listed for sale month-on-month rose by 58% in 2023 compared to […]

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements.

The average volume of UK properties listed for sale month-on-month rose by 58% in 2023 compared to a year previously, underscoring the rebalancing of supply and demand.

UK Mortgage Broker offer whole-of-market search with totally FREE mortgage quotes and advice, so Contact Us today.

According to new analysis by estate agency Jackson-Stops, the Isle of Wight was the front runner of this trend, seeing an 83% increase of homes on the market in one year alone, closely followed by Norfolk (78%), Somerset (75%) and Shropshire (75%).

Read about the UK Housing Market via our Specialist Residential & Buy to Let Division

Jackson-Stops, who analysed average volumes of new listings on Rightmove’s website from 2022 to 2023, say the figures are representative of market resilience.

To read the full article click the link below:

Source: Introducer Today

rate

Will the Held Interest Rate Change the UK Property Market?

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements. The Bank of England (BoE) announced their decision to hold the interest rate for the fifth consecutive […]

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements.

The Bank of England (BoE) announced their decision to hold the interest rate for the fifth consecutive time this week. The current rate of 5.25% is the highest it has been for nearly 16 years, and it has been held at this level since August 2023. Previous to that, there was a run of 14 increases.

UK Mortgage Broker offer whole-of-market search with totally FREE mortgage quotes and advice, so Contact Us today.

By keeping the interest rate high, the BoE hopes to curb inflation, which is why they have been cautious about cutting rates despite the potential negative economic impact. Inflation has been falling since it peaked in October 2022 and now stands at 3.4%. However, this is still a way off the Bank’s target of 2%.

Read about the UK Housing Market via our Specialist Residential & Buy to Let Division

Keeping an eye on these economic announcements is vital in all investment property strategies, and those in the property industry have been keenly tracking the changes in rates and sentiment to help them make their current investment decisions.

To read the full article click the link below:

Source: RWinvest

House prices

House prices increased 1.5% in March

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements. Increase exceeds historical trends for this time of year. Average house prices in March increased by 1.5% […]

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements.

Increase exceeds historical trends for this time of year. Average house prices in March increased by 1.5% or £5,279 to reach £368,118, according to Rightmove’s latest house price index.

UK Mortgage Broker offer whole-of-market search with totally FREE mortgage quotes and advice, so Contact Us today.

This represents the largest monthly increase for 10 months, which Rightmove said signalled the continued recovery of the housing market after a muted 2023.

Read about the UK Housing Market via our Specialist Residential & Buy to Let Division

This 1.5% increase surpasses the typical average rise observed in March, which historically stands at 1%. Year-on-year house prices have increased by 0.8%.

To read the full article click the link below:

Source: Housing Today

property

Property industry reacts to UK house price data

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements. Residential property prices increased by 0.4% in February, marking the fourth monthly increase in a row, according […]

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements.

Residential property prices increased by 0.4% in February, marking the fourth monthly increase in a row, according to the latest Halifax house price index.

UK Mortgage Broker offer whole-of-market search with totally FREE mortgage quotes and advice, so Contact Us today.

The data shows that during the month property prices grew 1.7% on an annual basis, against a 2.3% in the prior month.

Read about the UK Housing Market via our Specialist Residential & Buy to Let Division

The figures showed the average cost of a home in the UK is now £1,000 higher than last month.

To read the full article click the link below:

Source: Property Industry Eye

house prices

House prices remain remarkably stable

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements. The UK economy has shown unexpected resilience in the face of rising interest rates and inflation. Agreed, […]

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements.

The UK economy has shown unexpected resilience in the face of rising interest rates and inflation. Agreed, the economy fell into a recession in the second half of last year, but so far, a very mild one.

UK Mortgage Broker offer whole-of-market search with totally FREE mortgage quotes and advice, so Contact Us today.

The high unemployment, financial stress and big company corporate failures that looked possible a couple of years ago have not materialised.

Read about the UK Housing Market via our Specialist Residential & Buy to Let Division

The housing market has also held up, confounding expectations of sharply lower house prices.

The last time I wrote about house prices was in November 2022, in the aftermath of Kwasi Kwarteng’s ill-fated mini-budget. At that time I forecast a 15 per cent decline in house prices.

To read the full article click the link below:

Source: Reaction

rate

Housing market shows signs of picking up

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements. Signs of life were seen in the UK housing market in the new year with a rise […]

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements.

Signs of life were seen in the UK housing market in the new year with a rise in the number of mortgages being approved. Activity remains weak overall, with potential buyers still nervous about high interest rates.

But the latest Bank of England data shows approvals for house purchases rose to 55,200 in January from 51,500 in December.

UK Mortgage Broker offer whole-of-market search with totally FREE mortgage quotes and advice, so Contact Us today.

This was the highest level since October 2022. Borrowing on credit cards also picked up last month. People took on £1.9bn more in credit on cards, car finance and other loans in January than they repaid.

Read about the UK Housing Market via our Specialist Residential & Buy to Let Division

Mortgage lenders have been shifting the interest rates charged on home loans at a rapid rate since the start of the year. This started with some significant cuts to the cost of new fixed-rate deals.

To read the full article click the link below:

BBC News

 

housing market

Why the ‘mood music’ surrounding the housing market outside London has changed

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements. An influx of new residents into Manchester, Birmingham, Leeds, Bristol, Edinburgh and Glasgow helped the housing market […]

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Get in touch with Mortgage Broker UK today to discuss your Residential, First-time Buyer, Contractor and Buy to Let Mortgage requirements.

An influx of new residents into Manchester, Birmingham, Leeds, Bristol, Edinburgh and Glasgow helped the housing market remain resilient during 2023, according to a new report.

UK Mortgage Broker offer whole-of-market search with totally FREE mortgage quotes and advice, so Contact Us today.

New research from global property advisor JLL shows there was a surge in demand from renters and buyers for prime residential properties across the UK’s ‘big six’ despite high inflation and interest rates.

Read about the UK Housing Market via our Specialist Residential & Buy to Let Division

The report, which tracks residential development activity, prices and rents across the six areas, highlighted a desire from city centre residents to live in ‘vibrant, highly-amenitised and well-connected central locations’.

To read the full article click the link below:

City A.M.