Archive

Inflation has eased to 3.2% down from 3.4%, official figures from the Office for National Statistics show, the lowest level since...

OnTheMarket president Jason Tebb has cautioned buyers against waiting for an interest rate cut and General Election before making a transaction...

Average house prices fell on a monthly basis for the first time since September 2023 during March as higher mortgage rates...

The share of homes purchased by first-time buyers so far this year has been pushed to record levels, but most are...

Prime central London (PCL) property values flattened out during the first quarter of 2024 after six consecutive quarterly falls, figures suggest. Analysts...

Interest rates were held for the fifth consecutive time after the latest Bank of England Monetary Policy Committee (MPC) meeting yesterday. The...

House prices are growing annually for the first time since January 2023, Nationwide claims. The latest Nationwide House Price Index found average...

Propertymark has added its name to calls for Stamp Duty reform and has also urged lenders to develop more affordable mortgage...

With the exception of lockdown, new home registrations have bumped along consistently for the last 15 years. But things are changing...

Agents are becoming more confident about a busy Spring market after the Bank of England held interest rates for the fourth...

The number of mortgage approvals hit a six-month high in December as falling mortgage pricing and renewed buyer confidence “breathed new...

The news in September that Birmingham City Council (‘Europe’s largest local authority’) had been forced to issue a Section 114 notice...

House prices are set to fall further next year, two major lenders claim. The house prices indices of Halifax and Nationwide have...

The Bank of England maintained interest rates at 5.25% yesterday, raising hope among agents that this would boost buyer confidence and...

Household finances remain stretched and the full impact of higher interest rates and mortgage pricing has yet to fully hit the...

As sure as night follows day, so our industry sets out a wish list of tax changes which it hopes the...

The number of lenders offering sub-5% mortgage deals has doubled in the past month in a sign that the cost of...

Many property professionals may be getting excited by lower inflation and falling mortgage rates but an auctioneer is warning that there...

Mortgage brokers have hailed a ‘watershed moment’ as Nationwide became the first lender in months to release a sub-5% home loan...

Interest rates were held for a second consecutive month yesterday, giving agents renewed hopes that the cost of borrowing has reached...

Nationwide has cautioned property market commentators about being too optimistic as its own house price index showed average prices surprisingly rose...

It's emerged that Homes England and HMRC have explored possible fraud within the Help to Buy Equity Loan Scheme. This formed part of...

Average mortgage pricing is falling in a “positive sign” for the market, new analysis suggests. Data from comparison website Moneyfacts shows typical...

House prices fell for the sixth consecutive month in a row during September and dropped at the fastest rate since August...

Agents are securing sales closer to asking price but properties are taking longer to sell, new data suggests. Analysis by Hamptons, using...

One in four mortgages lent to those under 30 now have a term of 35 years or more, new research suggests. This...

Knight Frank has revised its house price forecasts and now expects a steeper market drop. The agent previously predicted a 5% fall...

The Bank of England has held off on further interest rate rises for now but agents warn that there is still...

The mortgage rate rollercoaster is finally winding down but pressure will remain on the property market, Knight Frank claims. New commentary from...

House prices fell at their fastest rate since July 2009 last month, according to Nationwide.  The lender’s latest House Price Index shows...

Mortgage lending has dropped and buyers are no longer stretching their affordability limits, UK Finance claims. New data from the banking trade...

A third of those opting to move home in the current market are downsizers, research claims. However, it’s not the increased cost...

Homebuyers and borrowers could be set to benefit from a mortgage price war, a property expert claims. Jonathan Rolande, from the National...

Trading conditions in the housing market have worsened during this summer, Crest Nicholson has warned. A trading update from the housebuilder said...

Mortgage lenders are at last cutting their rates on some deals, confident that the Bank of England’s base rate may rise...

The Halifax is warning that house price falls will continue into 2024. It cautions that price drops will be “gradual, rather than...

Agents and property professionals have expressed hopes that rates have peaked after latest rise Iin the cost of borrowing. The Bank of...

Agents and property professionals will be keeping an eye on Threadneedle Street in London today, with the Bank of England expecting...

House prices dipped at their fastest rate since 2009 last month, new data shows. The latest Nationwide House Price Index revealed average...

The number of mortgage approvals edged up for a second month in a row during June but remains below 2022’s monthly...

HMRC has recorded the lowest level of UK property sales for the month of June since 2020. The latest property transaction data...

Cooling house prices are providing an opportunity for buyers even with higher borrowing costs, Propertymark claims. The agency trade body said it...

The number of people taking out mortgages with terms of 35 years or more hit a high of 88,059 in 2022,...

London buyers are becoming more cautious but they may benefit from more stock entering the market, Chestertons claims. A market update from...

Cooling market conditions and the higher cost of borrowing have resulted in one property market silver lining, Moverly claims. The upfront information...

The National Association of Property Buyers’ Jonathan Rolande gives his take on another manic week for the property market. Like many working in the...

Property market activity has returned to levels last seen in the aftermath of last October’s mini Budget, data from the Royal...

OnTheMarket has admitted to shareholders that the cancellation of agent contracts has been “higher than expected”. In results from the company issued...

House prices are falling at their fastest rate in 12 years, dropping £7,500 on average over the past 12 months, according...

Annual house price growth remained negative in June as mortgage rates hit buyer budgets but there is still a chance of...

The latest interest rate rise has heightened the risk of forced sales and buyers shying away from the market, agents have...

The property market is braced for another interest rate rise today after the latest inflation data shows the cost of living...

Chancellor Jeremy Hunt has ruled out providing financial support for struggling mortgage borrowers as rates hit new highs. Average mortgage rates hit...

Mortgage rates have officially broken the 6% barrier. Average rates for home loans are now back at the level that prompted the...

Homeowners face paying an extra £3,000 for their mortgage next year, new research suggests. Analysis from the Resolution Foundation thintank suggests that...

Almost 400,000 borrowers on low-rate mortgage deals are in for a shock when their products expire this year, Equifax has warned. Analysis...

Mortgage brokers are trying to get lenders to sign up to a 24-hour Product Withdrawal Pledge in efforts to keep the...

In simple terms, as you are probably aware, ‘lenders’ are the organisations who loan you something, in this case money to...

The Bank of England’s strategy to tackle inflation isn’t working, an agent has claimed, after policymakers hiked rates for the 12th...

High borrowing costs and an uncertain economic outlook remaining the main challenges for homebuyers, the Royal Institution of Chartered Surveyors (RICS)...

Average UK house prices declined last month for the first time in three months, Halifax claims. The lender’s latest House Price Index...

Mortgage approvals bounced back in March but buyers are borrowing less at higher rates. The latest Bank of England data has showed...

As Tennyson once observed…’.In the Spring, a young man’s fancy turns to thoughts of love…’.but not really. At the moment the...

The level of mortgage approvals for home purchases bounced back in February, Bank of England figures show, but buyers are borrowing...

Estate agents have expressed hope that the latest interest rate rise is the last after the Bank of England increased the...

When Jeremy Hunt sat down in the Commons after delivering his first Spring Budget, I imagine there were many who felt...

Analysis by professional cash buyer and portfolio landlord, Landlord Buyer (part of Open Property Group), has revealed what costs make up...

Halifax has recorded the lowest level of annual house price growth for three years. Its latest House Price Index for January 2023...

January was a record month for mortgage searches but mainly for remortgaging rather than home purchase, data from an industry software...

The property market has been warned to expect fewer sales and more expensive mortgages after interest rates were raised for the...

Mortgage approvals for home purchase hit their lowest level since June 2020 during November, the latest Bank of England data has...

Two thirds of economists expect house prices to fall by more than 4% this year while others are expecting a more...

Energy efficiency will become key considerations for buyers next year while those with cash will be preferred purchasers, Jackson-Stops has predicted. The...

The “great recalculation” of the property market will take at least six months to show, Knight Frank claims. Tom Bill, head of...

‘Needs-based’ buyers will dominate the property market in the early part of 2023 while equity-rich lifestyle buyers will have their moment...

Over the later part of 2022, we have experienced unprecedented economic and political turmoil, which will remain as we head into...

The Bank of England increased interest rates from 3% to 3.5% yesterday, potentially pushing up costs for those looking to purchase property...

Increasing numbers of property buyers are now taking out mortgages with terms of more than 30 years, new figures show. The latest...

House price growth slowed annually and fell for the third month in a row during November, Nationwide data shows. The latest Nationwide House...

New mortgage lending data from the Bank of England has indicated a slowdown in property market activity during October but agents...

Winkworth has predicted a sales demand rebound before the Christmas slowdown. A trading update from the agency franchise brand revealed that new...

Property professionals heralded the end of the low interest era yesterday after the latest Bank of England base rate hike. The Bank...

The Government’s target of constructing 300,000 new homes annually by 2025 has been called into question due to a lack of...

The number of viewings per sale should be used as an indicator for the health of the housing market, a senior...

Annual house price growth hit an 18-month low during October and fell on a monthly basis for the first time since...

The Bank of England has prompted new warnings of a housing market slowdown after revealing a ‘significant decrease’ in mortgage approvals...

Property professionals are hoping for calmer markets after Rishi Sunak was confirmed as the new UK Prime Minister yesterday. Sunak won the...

With UK interest rates on the rise, following the mini-Budget announcement (now since almost entirely reversed), and several lenders pulling mortgage...

Knight Frank expects prices to fall by 3% next year in Prime Central London (PCL) before rising modestly in the years...

House prices fell marginally (down by 0.1%) in September as the market displayed further signs of slowdown. That was according to Halifax’s...

House prices look likely to fall next year, a senior analyst claims while another warns the property market is moving from...

Who would be in the shoes of Liz Truss and Kwasi Kwarteng? I don’t mean who would like their power, pay and...

The level of price cutting on agency listings has started to hit new highs. Property Log, which is a Chrome extension that...

Interest rate rises are driving an increase in homes for sale, research claims. National estate agency Jackson-Stops has analysed Rightmove data and...

With the Treasury and the Bank of England stepping in to try and calm the markets, talk of an emergency interest...

The Bank of England increased interest rates to their highest level since the financial crisis yesterday, prompting fears of higher cost...

After two years of extraordinary activity in the housing market there are signs that the clouds are gathering as RICS reports...

A quarter of borrowers would be unable to afford their mortgage repayments if interest rates hit 5% but the threat of...

Buyers are starting to reduce their budgets and the level of urgency in the market has declined, Savills warns. The agent suggested...

As inflation passes the 10% mark, it’s no surprise that many landlords are hurriedly reviewing the health of their buy-to-let portfolio. You...