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Estate & Letting Agents, Leicester
- Jun 23rd 2023
Mortgage Lenders Pledge Increased Support Amidst Rising Mortgage Rates
As soaring interest rates burden homeowners, banks and building societies have pledged to provide greater flexibility to those struggling with mortgage repayments. The decision follows a meeting between banking executives and Chancellor Jeremy Hunt in ... more
- Jun 21st 2023
Facing the Winds of Change: Inflation and Interest Rates
In an unexpected turn of events, core inflation has reached a staggering 31-year high this May, signalling that the Bank of England might have to adjust interest rates beyond initial projections. Contrary to expectations of economists and the Bank ... more
- Jun 13th 2023
A Look into long-term mortgages, are they more costly?
Long-term mortgages are attractive due to their lower monthly payments. However, the total interest paid over the duration of the loan can amount to a staggering. Given the increasing cost of living, many homeowners and prospective buyers are considering ... more
- May 30th 2023
Resilient Housing Market: Record High Prices and Steady Growth
As the days grow longer and the weather warms up, the housing market is experiencing its busiest season of the year. This period is marked by a surge in activity as many individuals kick-start their plans to move. During this time, new sellers often seize ... more
- May 23rd 2023
UK House Price Index: May 2023
The UK housing market is abuzz with excitement as the latest data reveals an extraordinary surge in residential property prices and market activity. Here's what you need to know about the UK House Price Index for May 2023: Prices Reach New Heights: ... more
- May 17th 2023
The Dawn of a New Era in Rental Laws: Unveiling the Renters Reform Bill
The long-anticipated Renters Reform Bill, a legislation poised to reshape the rental landscape, has finally been published by the government. This ground-breaking legislation comes as a fulfilment of a promise first made in 2019, and its arrival could ... more
- May 8th 2023
Renters' Reform Bill Scheduled for Parliamentary Introduction This Week
The Renters' Reform Bill, which aims to protect renters from unjust rent hikes and prohibit no-fault evictions, will be presented to Parliament this week. The bill is expected to establish minimum housing standards, make it easier for tenants to own pets, ... more
- May 2nd 2023
Homeowners Set New Mortgage Overpayment Record
In an effort to counteract increasing mortgage rates, homeowners are making an unprecedented number of mortgage overpayments to minimise their debt. In the last quarter of 2022, homeowners made a record £6.7 billion in mortgage overpayments, surpassing ... more
- Apr 25th 2023
Record Prices for First-Time Buyers
This month, the average property price entering the market has increased by only 0.2% (equating to £890), a lower growth compared to the typical 1.2% seen during this time of year. The cautious pricing approach is suggested to attract Spring buyers. ... more