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Budget speculation about property tax changes caused a big drop in agreed sales and buyer demand, according to Zoopla. The estate agent’s latest house price index shows that there was a 12% drop in housing demand in the four weeks to 23 November when compared…
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Average three-year fixed rates fell by 4 basis points over the past week, while two and five-year deals edged down by 1bp, the latest weekly analysis from Moneyfacts shows. Following these reductions, the average for two-year fixed rates across all loan-to-value tiers is now 4.87%,…
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Halifax Intermediaries is increasing the number of first-time buyers that can borrow up to 5.5x income. The lender said that from 5 December it is changing its first-time buyer boost to reduce the minimum household income required from £50,000 to £40,000. First time buyer boost…
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The number of homes sold in October reached 98,450, an increase of 2% compared to September, but a reduction of 2% compared to the same month last year, according to the latest HMRC property transactions data. Provisional figures, on a seasonally-adjusted basis, show that commercial…
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Building societies increased mortgage balances by £7.5 billion to £493bn over the six months to September, new figures show. Today’s half-yearly results from the Building Societies Association’s also incorporate lending by two mutual-owned banks, Virgin Money, now owned by Nationwide, and The Co-operative Bank, now…
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