Marketing No Comments

How Will the UK Election Impact the Property Market?

With the UK general election on the horizon, many are speculating about its potential effects on various sectors, with the property market being a significant area of interest. Historically, elections tend to bring a degree of uncertainty, and this one is no different.

Contact us today to speak with a specialist Commercial Mortgages Broker to discuss how we can assist you.

As the political landscape shifts, so too can the dynamics of property prices, buyer confidence, and overall market activity.

Get in touch to discuss your Commercial Finance needs today.

Here, we delve into the possible scenarios and factors that could shape the property market in the wake of the upcoming election.

To read full article click on the link below

Today’s Will & Probate

Marketing No Comments

UK House Prices Steady in May Boosted by Wage Growth

The latest figures from mortgage lender Halifax show that during the crucial spring sales period, UK house prices remained unchanged in May, supported by rising wages and a rise in economic confidence.

Contact us today to speak with a specialist Commercial Mortgages Broker to discuss how we can assist you.

However, the North West of England was the best performing region in the UK, with average house prices reaching £232,258 and annual price growth of 3.8% in May. In Northern Ireland, the trend of robust growth continued, with an increase of 3.2% in May.

Get in touch to discuss your Commercial Finance needs today.

The latest information helps to prove that the housing market remains solid despite the Bank of England’s decision not to cut interest rates any further this month.

To read full article click link below.

Source: Econstrum

Marketing No Comments

Housing market to see brief period of decline followed by prolonged period of recovery

A new report predicts a significant upturn in the housing market, pointing to a sustained period of recovery, stabilising interest rates and growing demand for housing.

Contact us today to speak with a specialist Commercial Mortgages Broker to discuss how we can assist you.

The report is by development finance lender Atelier and compiled by Nicole Lux, senior research fellow at London’s Bayes Business School.

Get in touch to discuss your Commercial Finance needs today.

Following analysis of primary data sources, dating back to the start of the ONS house price statistics in 1969, the report examines the long-term historic trends and forecasts a medium-term outlook for the key factors driving the property market, including property values, inflation, interest rates, demand, supply, mortgage rates, unemployment and population growth.

To read the full article click the link below: 

Source: Financial Reporter

Marketing No Comments

Housing set to be key battleground for 2024 general election

The UK’s housing market will be a major battleground in the general election – with the main political parties set to outline their plans over the next few weeks, including measure to address the existing crisis.

Contact us today to speak with a specialist Commercial Mortgages Broker to discuss how we can assist you.

The Tories and Labour will be grilled on their plans to support homeowners and renters over the next six weeks with research revealing that housing will be one of the key issues that will help decide the general election.

Get in touch to discuss your Commercial Finance needs today.

Analysis by the market research firm Ipsos shows that British voters are most concerned about the economy, with healthcare, immigration and housing also ranking highly.

To read the full article click the link below: 

Source: Property Industry Eye

Marketing No Comments

UK house prices fall unexpectedly for second month in a row

UK house prices have fallen unexpectedly in April for a second consecutive month, according to the building society Nationwide, as interest rate uncertainty and more expensive mortgages put a dampener on the traditional spring homebuying season.

Contact us today to speak with a specialist Commercial Mortgages Broker to discuss how we can assist you.

With some economists saying that two month-to-month falls in the closely watched index “start to look like a trend”, and new fixed mortgage rates continuing to creep up, the data will put further pressure on the Bank of England before next week’s interest rate announcement.

Get in touch to discuss your Commercial Finance needs today.

The average house price in April was £261,962 – down by 0.4% on March, when the lender’s monthly index recorded a 0.2% month-on-month drop.

To read the full article click the link below: 

Source: The Guardian

Marketing No Comments

UK Mortgage Approvals Rise for Sixth Month to Highest Since 2022

Britain’s housing-market recovery continued into March as mortgage approvals rose for a sixth month, Bank of England figures show.

Contact us today to speak with a specialist Commercial Mortgages Broker to discuss how we can assist you.

Banks and building societies authorized 61,325 home loans, up from 60,497 in February and the most since September 2022. Economists had expected 61,500. Unsecured credit, including credit card debt, rose £1.6 billion, slightly higher than forecast.

Get in touch to discuss your Commercial Finance needs today.

Buyers are being lured back into the housing market by a brighter economic outlook and increased affordability after a sharp fall in mortgages rates since last summer. However, a recent resurgence in borrowing costs has raised questions over whether the recovery can continue.

To read the full article click the link below: 

Source: Bloomberg

Marketing No Comments

Things to watch out for across the UK property market in 2024

The past year has seen the highest mortgage rates on record, influenced by high inflation, the closure of the Help to Buy scheme and increased costs of living, all of which have put the housing market in a unique position.

Contact us today to speak with a specialist Commercial Mortgages Broker to discuss how we can assist you.

Looking to the future, Pete Mugleston, MD and mortgage expert at Online Mortgage Advisor give his thoughts on what the property market might look like throughout the rest of 2024.

Get in touch to discuss your Commercial Finance needs today.

As we head further into 2024 there is a strong indication that mortgage rates will slowly start to go down, which is great news for anyone who has been putting buying a house on hold. Right now, we’re seeing rates for a two-year fixed mortgage at about 5.95% and a five-year fixed at 5.57%, which is lower than before when you consider they were previously at 6.85% and 6.37% respectively.

To read the full article click the link below: 

Source: Property Reporter

Marketing No Comments

Housing Market shows sign of improvement despite high rates

UK house prices fell by 0.2% in March. Nevertheless, the annual rate of house price growth edged higher to 1.6% in March, from 1.2% in February.

Contact us today to speak with a specialist Commercial Mortgages Broker to discuss how we can assist you.

The figures come from the Nationwide and the lender’s chief economist – Robert Gardner – says: “Activity has picked up from the weak levels prevailing towards the end of 2023 but remain relatively subdued by historic standards. For example, the number of mortgages approved for house purchase in January was around 15% below pre-pandemic levels.

Get in touch to discuss your Commercial Finance needs today.

“This largely reflects the impact of higher interest rates on affordability. While mortgage rates are below the peaks seen in mid-2023, they remain well above the lows prevailing in the wake of the pandemic”

To read the full article click the link below: 

Source: Introducer Today

Marketing No Comments

House Prices Rise for Second Month in a Row

After a surprising fall in house prices last month, economists have indicated that it was merely a temporary setback and expect prices to continue rising throughout the year.

Contact us today to speak with a specialist Commercial Mortgages Broker to discuss how we can assist you.

Despite a 0.2% decline in March, home values had previously risen in both January and February, showing an overall positive trend. House prices across the UK are currently 1.6% higher than they were a year ago, representing the strongest year-on-year growth since December 2022.

Get in touch to discuss your Commercial Finance needs today.

According to Nationwide, the average price of a house in the UK is now £261,142, with economists predicting that prices will end the year significantly higher than they started. Although March saw a decline, economists believe it to be a “blip” and expect prices to resume their upward trajectory.

To read the full article click the link below: 

Source: Business Matters

Marketing No Comments

Analysis shows long term rebalancing housing market

The average volume of UK properties listed for sale month-on-month rose by 58% in 2023 compared to a year previously, underscoring the rebalancing of supply and demand.

Contact us today to speak with a specialist Commercial Mortgages Broker to discuss how we can assist you.

According to new analysis by estate agency Jackson-Stops, the Isle of Wight was the front runner of this trend, seeing an 83% increase of homes on the market in one year alone, closely followed by Norfolk (78%), Somerset (75%) and Shropshire (75%).

Get in touch to discuss your Commercial Finance needs today.

Jackson-Stops, who analysed average volumes of new listings on Rightmove’s website from 2022 to 2023, say the figures are representative of market resilience.

To read the full article click the link below: 

Source: Introducer Today