First week of 2023 sees drop in average rates, Moneyfacts data shows

By: ameer@trustedteam.com

The three-year fix led events, seeing 10 basis points removed from its average rate, taking it to 5.81%. Behind this, the average rate for a five-year fix lost 5 basis...

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House prices slip to 2% growth in December, Halifax says

By: ameer@trustedteam.com

This compares to 4.6% growth in November. And on a monthly basis, house prices fell by 1.5% as the year came to an end. This means that the average UK property...

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Precise Mortgages cuts rates, introduces adverse support

By: ameer@trustedteam.com

Precise Mortgages has cut rates across a range of residential loans and has introduced supporting measures for borrowers with wider adverse requirements, which includes Right to Buy products. The lender,...

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Construction in December falls at fastest rate since pandemic: PMI

By: ameer@trustedteam.com

The UK construction activity fell in December, posting its fastest rate of decline since the early months of the pandemic, data from S&P Global/CIPS UK Construction Purchasing Managers’ Index...

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Weekly rate watch: All fixes drop as 2023 kicks off

By: ameer@trustedteam.com

Average rate drops occurred within every major fix this week, Moneyfacts data shows. The three-year fix led events, seeing 10 basis points removed from its average rate, taking it to...

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CBA helps Kimberley customers hit by flooding

By: ameer@trustedteam.com

Commonwealth Bank has announced it will provide emergency assistance to its customers and businesses in flood-affected areas in the Kimberley region of Western Australia. The bank says northwest Western Australia...

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Mortgage and refinance rates today, Jan. 3, 2023

By: ameer@trustedteam.com

Today’s mortgage and refinance rates Happy New Year! Average mortgage rates nudged higher last Friday, the latest business day before today. And they more than doubled over 2022. Still,...

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Should you buy the most expensive house you can afford? (Podcast)

By: ameer@trustedteam.com

How much house can you really afford? When you get preapproved for a mortgage, your lender will tell you the maximum loan amount you can qualify for. But you might...

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Rental demand in England dips: Barrows and Forrester

By: ameer@trustedteam.com

Demand for rental property across England fell by 12% between the third and fourth quarter last year, says Barrows and Forrester. Overall, rental demand came to 33.9% in Q4 2022. On...

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Home mortgage searches plunge by 41% in December: Twenty7Tec 

By: ameer@trustedteam.com

Remortgage and first-time buyer searches were down for the month by 35.3% and 38.1%, respectively.  Purchase mortgage and remortgage searches were down for the year by 12.8% and 10.9%, respectively.  However, total mortgage...

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