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Estate & Letting Agents, Leicester
- Sep 27th 2022
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 fall against the US Dollar. How does a weaker pound affect mortgage rates? Since ... more
- Sep 22nd 2022
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, ... more
- Aug 4th 2022
The Bank of England raises interest rates to 1.75%
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
- Jul 13th 2022
Checklist before applying for your first mortgage
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
- Jul 8th 2022
Why now is the time if you are looking to sell!
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
- Jun 19th 2022
Extra Protection & Powers for Renters with the Renters Reform Bill!
The government has recently released the long-awaited Renters Reform White Paper, which is set to introduce significant changes in the private rental sector for 30 years. The government aims to set a fairer private rental sector, and with the Renters ... more
- Jun 16th 2022
The Bank of England has increased the base rate to 1.25%
The Bank of England has increased the interest rate from 1% to 1,25% in an attempt to stem the pace of soaring prices. With the rising cost of living driven by record fuel, energy and food prices, inflation is currently at a 40-year high of 9%, with ... more
- Jun 3rd 2022
The average UK house price hits record highs!
In April 2022, the average UK house price hit a record high even after the property market started to stabilise, as more properties are now coming into the market. Since the pandemic, buyer demand outweighed available properties, significantly increasing ... more
- May 26th 2022
First-time buyer’s deposit soars to over £45,000!
With property prices continuing to rise over the last ten years, especially during the last two years due to the pent-up demand caused by the pandemic, first-time buyers now have to place a much larger deposit to buy their first home. On average, a ... more