Interest rate rise UK: Bank of England raises rate to 0.75 per cent in August 2018 – what does it mean for your mortgage?

Around a third of London, borrowers could see the cost of their mortgages rise by hundreds of pounds following August’s interest rate rise. The Bank of England has voted unanimously to raise UK interest rates to their highest level in almost ten years. The decision to raise the base rate to 0.75 per cent from

Read More


East Midlands is Most Confident Region for House Price Growth

Consumer confidence in the housing market has increased by its largest rate since 2016, according to the latest Housing Market Sentiment Survey by Zoopla. Over eight in ten homeowners (84%) predict house prices in their area will grow by 6.9% over the next six months. This is a marked increase on the previous survey held

Read More


One Third of Millennials Will Continue to Rent in Their Retirement

The number of families with children living in rented property tripled between 2003-2016… The Resolution Foundation has proposed a series of reforms aimed at protecting tenants and landlords in the private rented sector. According to the think-tank’s research, half of all millennials – people born between 1980 and 1996 – will be living in rented

Read More


Extent of North-South Renting Affordability Gap Revealed

Households outside London spend an average of just over half their income on renting… Households renting in London are putting a significant percentage of their income towards rent compared to the rest of the country, according to new data from Landbay. Annual rental growth in the UK, excluding London, rose to 1.21% in March, bringing

Read More


Buy-To-Let Investors Target North West and South East

Two-fifths of landlords are planning to purchase more property in 2018 Landlords in the UK are optimistic that their buy-to-let (BTL) property portfolios will continue to perform well in 2018, despite the challenges the market faces from Brexit-related uncertainty and affordability stress tests. According to the annual ‘buy-to-let barometer’ by Shawbrook Bank, 65% of investors

Read More


Economy wobbles as factories and building sites stall – putting May interest rate hike in doubt

Economic growth slowed again in February as the construction and manufacturing industries both stalled, a pair of oil refineries closed for maintenance, and the export boost from the weak pound began to fade. The Bank of England had already cut its first-quarter growth forecasts from 0.4pc to 0.3pc because the icy Beast from the East

Read More


Government Announces £400m Housebuilding Investment Fund

The Housing Secretary Sajid Javid has revealed a new government investment fund to help boost housing construction in Greater Manchester, Oxfordshire and the West of England. Almost million is being put towards building more homes, as well as delivering local infrastructure projects like schools, roads and hospitals. The fund is similar to the £ 120m grant

Read More


Property is Most Popular Investment Choice for Retirement

Retirement savers turn to property due to complexity of pensions and low interest rates The majority of people believe that investing in property is the best way to fund retirement, according to a new survey from the Office for National Statistics (ONS). 49% of non-retired respondents claimed property was their preferred option for making the

Read More