Estate agents, Winkworth, announced their trading update for the financial year ending 31 December 2022. "Despite the hiatus in the property market provoked by the mini budget in Q4 2022, the year as a whole saw a buoyant level of activity in both sales and rentals....
The Office for National Statistics recently published data showing that more than 1.4 million households in the UK are facing the prospect of interest rate rises when they renew their fixed rate mortgages in 2023. The majority of fixed rate mortgages in the UK (57 per...
The Resolution Foundation has published a report finding that typical household disposable incomes for working-age families are likely to fall by 3 per cent this financial year, and by 4 per cent next year, with the two-year cost-of-living increase set to leave...
The Office for National Statistics has today published analysis exploring how housing costs have and are likely to increase for mortgage holders and renters. Key points More than 1.4 million households in the UK are facing the prospect of interest rate rises when they...
Halifax showed that house prices fell in December for the fourth month in a row amid rising interest rates. House prices declined by 1.5% on the month following a 2.4% drop in November. On the year, meanwhile, house prices rose 2% in December following a 4.6% increase...
Mortgage approvals in Britain plunged much more than expected in November according to fresh data, as the fallout from the ill-fated mini-budget of the short-lived Truss administration lingered. According to the Bank of England, around 46,100 mortgages were approved...
House prices are on course to suffer their biggest decline since the financial crisis, with economists warning of a market “correction” this year caused by rising borrowing costs and a likely recession. Two thirds of economists surveyed by The Times expected house...
The Telegraph has just published an article predicting house price falls in 2023. They are reporting experts predicting falls bewteen 5 to 30% The article can be seen here(subscription might be necessary)
The Telegraph published an article just after Christmas questioning whether 2023 might see the collapse of the buy-to-let market. This is mostly due to the reduced tax relief coupled with rising costs, especially mortgage rates. The article can be seen here...
Landlords are being encouraged to sign a petition calling on the government to reverse the section 28 tax change which had ended their right to offset mortgage interest against tax.Before Section 24 was introduced in 2017, landlords were able to deduct mortgage...
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House prices strengthened in February as mortgage rates continued to fall. According to Rightmove's latest house price...
The Department for Levelling Up, Housing and Communities (DLUHC) has released statistics regarding cumulative sales...