With September's gathering of the Monetary Policy Committee (MPC), marking the first meeting since 2021 where they decided not to increase the base interest rate, attention is focused on the current state of play. Borrowers are particularly encouraged by the possibility of falling rates in the... Read more...
Please read through our monthly property market review, which will touch base on the recent developments in the property markets and how this may be affected in the future.
With the rising cost of living dominating every headline recently, there is understandably widespread speculation about whether the inflated housing market is likely to crash in response, especially as interest rates continue to rise.
Since the start of the pandemic, house prices have... Read more...
If you decide to buy a property to let out and need to borrow money towards the cost of the purchase, you must get a buy to let mortgage and will need a deposit of at least 25%. You must provide tenants with an assured shorthold tenancy (AST) which is a contractual arrangement to let your... Read more...
This month's Halifax House Price Index data hints at a long-awaited housing market slowdown as, while the average house price grew once again to a new record high of £286,079, the... Read more...
When is your Tax Freedom Day?
You may have seen last year at this time we wrote this blog about ‘tax freedom day’. This year, in the light of steeply rising energy prices, National Insurance increases, and tax changes not keeping up with inflation levels that we have ... Read more...
As the Bank of England continues to increase interest rates to tackle rising inflation, Rishi Sunak has warned homeowners that their mortgage payments could potentially go up by £1,000 if they haven’t got a fixed rate deal in place.
With speculation that interest rates could go up... Read more...
The terrible events in the Ukraine have caused ripples across the globe. From a personal perspective, the suffering and hardship of all people involved in the conflict will no doubt be very much in the thoughts of us all. Many of you will also have been hearing of the impact that the conflict... Read more...
House prices have been rising in recent months, but is this likely to continue and is it sustainable?
According to the UK House Price Index (HPI), house prices have risen by an average of 1.7% since August 2020.
There... Read more...
Chancellor Rishi Sunak has announced that homebuyers will be exempt from stamp duty on homes up to £500,0000 until March 2021, in an effort to stimulate the housing market during the pandemic.
The stamp duty... Read more...