Housing construction falls sharply but 2024 recovery expected

By: ameer@trustedteam.com

The construction sector will continue to contract during 2023, although growth is modest growth is forecast for the sector in 2024 and 2025, according to the latest industry report. This...

Read More

Gap between 2- and 5-year BTL remos narrows: Landbay  

By: ameer@trustedteam.com

The gap between two- and five-year landlord fixed-rate remortgage options is closing, data from Landbay shows.   ...

Read More

Commercial property purchase cheaper than renting: Bionic

By: ameer@trustedteam.com

It is still cheaper long-term for businesses to purchase a commercial property. The average commercial mortgage repayment is £1,402 pcm, while the average overall cost to rent a commercial...

Read More

Bank raises base rate to 5%

By: ameer@trustedteam.com

The Bank of England (BoE) has increased the base rate by 50 basis points to 5% — its 13th consecutive rise.  This is the biggest rise since February, and follows...

Read More

Skipton to increase SVR by just 0.25%

By: ameer@trustedteam.com

Skipton Building Society has confirmed it will only increase its standard variable rate by 25 basis points, despite the Bank of England announcing a 50 basis point increase in...

Read More

BoE increases base rate to 5%

By: ameer@trustedteam.com

The Bank of England (BoE) has increased the base rate by 50 basis points to 5% — its 13th consecutive rise. ...

Read More

New instructions highest for four years: TwentyEA

By: ameer@trustedteam.com

Volumes of new instructions in 2023 to date are nearly 4% higher than 2022, and only 6% lower than the pre-pandemic year of 2019. This is according to research...

Read More

Inflation unchanged at 8.7% in May: ONS

By: ameer@trustedteam.com

Consumer prices rose by 8.7% in the year to May, unchanged from the previous month, data from the National Office for Statistics shows, prompting fears of a higher base...

Read More

Property fall throughs down in Q1: House Buyer Bureau

By: ameer@trustedteam.com

The number of property transactions estimated to have collapsed across the UK market has continued to decline during the first quarter of this year, falling to the lowest quarterly...

Read More

Monthly mortgage costs may rise as high as £50 on BoE rate hike: UK Finance   

By: ameer@trustedteam.com

Average variable monthly mortgage payments will rise to just under £50 if the Bank of England lifts the base rate by 50 basis points tomorrow, data from UK Finance...

Read More