News

How is the Buy-To-Let market shaping up for 2023?

With mortgage rates on the increase and house prices expected to fall by up to 5% in some areas, many landlords are weighing their property investments to see if they should remain in the market. Like the rest of the mortgage market, buy-to-let rates...

Bank of England Raises Interest Rates to 3%

The Bank of England has warned the UK is facing its longest recession since records began, as it raised interest rates by the most in 33 years. In warned the UK would face a "very challenging" two-year slump with unemployment nearly doubling by 2025. Bank...

House prices hold despite the slowdown in the housing market, says RICS

With the recent market turmoil, the continued increase in inflation and mortgage rate rises, the housing market has slowed down, however, property prices remain steady on hold says RICS. Although the property market has slowed down, the shortage of...

What’s happening to house prices in Leicester?

With the recent tax cut announcements and the turmoil caused by the weakening of the pound, what’s happening to property prices in Leicester? To prevent the housing market from collapsing during the pandemic, the previous Chancellor introduced...

How does a weaker pound affect mortgage rates?

Following Chancellor Kwasi Kwarteng’s mini-budget, where Stamp Duty cuts were announced, amongst other tax cut measures, has seen the pound's value sharply fell against the US Dollar. How does a weaker pound affect mortgage rates? Since the mini-budget...

Bank of England Raises Interest Rates to 2.25% - What does the Bank of England's rise means for you?

The Bank of England has increased the base rate by half a percentage point to 2.25% in its efforts to slow down the rise in inflation and soaring prices the economy is facing. The Bank of England Base rate has increased for the seventh time in a row,...