News

Mortgage Approvals Show Signs of Recovery Amid Continued Market Caution

In a recent development within the UK housing sector, the Bank of England has reported a three-month high in the number of mortgage approvals for house purchases. This uptick in approvals, observed in the latest Bank figures, reveals a total of 47,383...

Autumn Statement 2023: Implications for the UK Housing Market

The Autumn Statement 2023 brings several key updates for the UK housing market, including the extension of the 95% mortgage guarantee scheme, a significant investment in new home development, and enhanced support for renters. Highlights of the Housing...

Understanding the Fastest Selling Property Types in Today's UK Housing Market

The UK housing market is constantly evolving, and as of November 2023, certain property types are emerging as front runners in the race to sell. This analysis delves into the specific types and sizes of properties that are finding buyers most rapidly,...

Urgent Reforms Needed to Address Court Delays Affecting Landlords

In a significant call to the Ministry of Justice, the National Residential Landlords Association (NRLA) is advocating for critical reforms to address the lengthy court delays currently impeding landlords' ability to repossess properties. With some cases...

Bank of England Holds Firm on Interest Rates Amid Economic Uncertainty

In a move that speaks volumes about the current state of the UK economy, the Bank of England has opted to keep its base interest rate steady at 5.25%. This decision, coming at a time of significant economic flux, underscores a cautious yet vigilant stance...

Have interest rates peaked?

The recent decision to maintain the Bank of England's base interest rate at 5.25% has brought a halt to a string of 14 consecutive rate increases that began back in December 2021. With better-than-expected inflation figures, revealing a slowdown to 6.7%...