News

The Bank of England has raised UK interest rates to their highest level for 14 years !

It increased them to 3.5% from 3%, marking the ninth time in a row it has hiked interest rates. The rise will mean higher mortgage payments for some homeowners and those with loans at a time when many people are struggling with the cost of living. It...

Buyers have greater choice in the housing market!

With the housing market starting to stabilise, more homes are coming up for sale, meaning there are more properties available for buyers to choose from. Good news for buyers, as they now have more choice when it comes to finding their ideal home to...

The Bank of England predicts inflation to fall sharply next year!

The Bank of England predicts that inflation will fall sharply next year and reach below its 2% target in two years’ time, and close to zero in three years, which will lead to lower mortgage rates. But while some economists are warning that the UK...

How is the Buy-To-Let market shaping up for 2023?

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...

Bank of England Raises Interest Rates to 3%

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...

House prices hold despite the slowdown in the housing market, says RICS

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...