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Average five-year fixed mortgage rate falls below 6% for the first time in nearly two months as lenders drop their rates from October’s peak Five-year fixed rate average is now 5.95%, down from 6.32% on 1 November Two-year fixed average is 6.13%, down from 6.47% at the start of the month  Lenders including Santander have … Read more

When the Bank of England’s Monetary Policy Committee raised its base rate by 0.75 per cent to 3 per cent earlier this month the reaction was muted. Some expected mortgage rates to rise in the wake of the decision, as they have each of the eight times the Bank has increased the base rate since … Read more

More lenders lower their mortgage rates: Natwest cuts interest by up to 0.6% on some deals as borrowing costs for homeowners continue to fall Natwest now offers a 5-year fixed deal for 5.38% down from 5.98% Lenders including HSBC and Virgin Money have also been reducing rates The cost of borrowing has fallen since Liz … Read more

The number of UK residential property transactions increased nearly a third year-on-year in July as buyers tried to outpace mortgage rate rises, official figures show.  On a non-seasonally adjusted basis, total transactions came in at 110,970 according to HM Revenue & Customs. This is 32 per cent higher than July last year, and a 7.2 … Read more

The average house price in the UK hit a record high of £289,099 in May, but the market is showing signs of cooling, according to new figures from Halifax. The average price tag for a home jumped by £2,857 month-on-month in May, with prices rising one per cent. This was the eleventh consecutive monthly increase … Read more

A shortage of homes coming up for sale is continuing to drive property prices higher, fresh data has revealed. Enquiries from buyers looking to move increased in December, but the average number of homes on estate agents’ books remains low, according to the Royal Institute of Chartered Surveyors’ latest survey. The ‘mismatch’ between supply and … Read more

Buyers looking to negotiate their new home can try to take advantage of a seasonal dip in asking prices, new figures have revealed. Property website Rightmove said the average asking prices of homes newly listed for sale fell by £2,044 in the past month, as the traditional November slowdown arrived, despite this year’s soaraway housing … Read more

The government is on a mission to retrofit the UK’s ageing housing stock – which accounts for roughly 20 per cent of the nation’s CO2 emissions. Its current aim is to have as many homes as possible reach a C rating by 2035 in England and Wales, with an even earlier target being set for private … Read more

The ups and downs of the pandemic have left many people craving certainty – and new figures show that that desire extends to their mortgages, too. Four in five said they would be willing to take a fixed rate lasting more than five years, in exchange for the peace of mind that their monthly payments … Read more

Homeowners could be forced to spend thousands making properties eco-friendly in order to remortgage or sell under Government’s new green plans Government plans will encourage mortgage lenders to favour greener homes  This means those in older properties could struggle to sell or remortgage Making a home more eco-friendly can cost thousands  By Helen Crane For … Read more

Hull is the most affordable city for a first-time buyer with a small deposit to snap up a home, new findings have revealed.  With average property prices at £121,335, a buyer with a 5 per cent deposit in Hull will need £6,066 to get onto the housing ladder, according to The Nottingham Building Society. Buyers … Read more