Estate & Letting Agents, Leicester
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 ... more
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 ... more
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 ... more
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 ... more
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 fall against the US Dollar. How does a weaker pound affect mortgage rates? Since ... more
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, ... more
The Bank of England has increased rates by 0.5%, making it the most significant increase in 27 years, with the interest rates rising to 1.75% from 1.25%. The rate rise comes as an attempt by the Bank to slow down inflation, which it sees passing 13% ... more
With inflation on the rise and the cost of borrowing set to continue to increase, lending criteria may tighten up, especially if you are looking to apply for your first mortgage. With rental prices increasing due to the rise in property prices, the ... more
According to Zoopla’s House Price Index, the housing market is showing signs of a slowdown. If you are looking to sell your home, now is a good time to do so! Zoopla’s House Price Index shows that house prices have broadly remained the same since ... more