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Oct 30, 2024 · The Office for Budget Responsibility has increased forecasts for both house prices and future mortgage rates compared to its March predictions. In its latest Economic and Fiscal Outlook, published today, the independent body says it expects average interest rates on outstanding mortgages to rise from around 3.7 per

Dec 23, 2024 · As the market closes on a somewhat turbulent year, there is cautious optimism within the industry for 2025. The Intermediary Mortgage Lenders Association (IMLA) has predicted that 2025 will see healthy lending growth, greater intermediary business and more remortgaging. In its latest report the association expects

Dec 16, 2024 · Mortgage lending will grow by 11% next year to reach £260bn driven in part by a large increase in remortgaging, UK Finance forecasts. The banking trade body expects gross lending for 2024 to be £235bn when the final numbers are counted, marking an increase of 4% on last year’s total. Within the full-year estimates

Oct 21, 2024 · HSBC will make a mix of increases and decreases across its product lines from tomorrow. Changes will be made across two- and five-year fixes on the lender’s residential existing customer switching products, first-time buyer (FTB), home mover, remortgage ranges and buy-to-let (BTL). Examples of changes include:

Jan 3, 2025 · Thousands of mortgage applicants are facing the emotional toll of being locked out of the ‘broken’ mainstream market. This is according to new research published in Together’s Residential Property Market Report. Back in 2022, in the aftermath of the Covid crisis, 19% of non-standard mortgage applicants – those that

Mortgage Strategy offers the latest breaking UK mortgage news, covering mortgage rates, house prices, buy-to-let rates, mortgage products and other news around mortgage brokers, mortgage advisers and the mortgage industry as a whole.

Nov 6, 2024 · Average house prices in the UK are expected to increase by £84,000 over the next five years. This is according to the latest house price forecast from Savills. With inflation returning to the 2% target and the prospect that interest rates will continue to fall over the next two years, the national estate agent

Nov 11, 2024 · House prices will rise by 3% across the UK in 2025, followed by 3.5% in 2026 and 2.5% in 2027 as the affordability picture improves. This is according to the latest data from estate agent Hamptons which says 2025 will mark the beginning of a new property market cycle. The agent suggests that like the market

Jun 27, 2024 · With the pace of annual rental growth down month on month (6.4%), we’re all feeling the strain a bit from increased mortgage costs. In 2023, the average yield on ‘vanilla’ BTL properties was 6.22% — significantly lower than what you could expect from a more complex property such as an HMO or a multi-unit freehold block.