Mortgage Advice Hertfordshire & Cambridgeshire

Mortgage Advice Hertfordshire & Cambridgeshire

07956 982 986

82 Sunnybank Road Potters Bar Hertfordshire EN6 2NF

Alex Pangratiou

Property tax threat is slowing down housing market, say UK agents

Talk of the chancellor looking at a new levy on expensive homes or removing CGT exemption is making buyers wary Speculation that the chancellor could announce new property taxes in her autumn budget is likely to slow down an already price-sensitive housing market,...

Bank of England cuts interest rates to 4% in slim 5-4 majority

The latest forecast from the Bank now shows inflation peaking at 4% in September, up from its previous prediction of 3.7% The Bank of England's Monetary Policy Committee has voted 5-4 to reduce Bank Rate by 25bps to 4%. The MPC last reduced Bank Rate by 0.25% to 4.25%...

Ultra-long mortgage overpayments key to FTB affordability: Moneyfacts

First-time buyers who struggle to afford a mortgage “can tap into the flexibility” offered by marathon terms to cut their mortgage costs, according to Moneyfacts data. Mortgage borrowers could save £255 per month by choosing a 40-year term, compared to a 25-year term...

Bank of England cuts interest rate to 4.25%

The Bank of England has cut the base rate by a widely expected 0.25% to 4.25%. The rate-setting Monetary Policy Committee voted in a 5 to 4 split in favour of reducing the rate, which affects a wide range of consumer loan agreements from credit card to mortgage...

Interest rates could fall more quickly, hints Bank

The Bank of England could cut interest rates more quickly if price rises remain under control, its governor has suggested. Andrew Bailey told the Guardian that the Bank could be a “bit more aggressive” at cutting borrowing costs, depending on the rate of inflation....
HSBC launches its lowest ever fixed rate

HSBC launches its lowest ever fixed rate

HSBC has cut prices on around 40 fixed-rate mortgages by up to 0.3 per cent, leading to the lender’s lowest ever fixed rate mortgage of 0.94 per cent. The lender’s previous low had been a two-year fixed rate priced at 0.99 per cent which was capped at 60 per cent loan...

May’s property sales jump by 123% year on year: ONS

May’s property sales jump by 123% year on year: ONS

Residential property sales reached their highest May total for seven years last month as buyers rushed to take advantage of the stamp duty holiday, according to official figures. There were 103,100 residential sales in May on a provisional and non-seasonally adjusted...

House building surges in May driven by consumer demand

House building surges in May driven by consumer demand

Construction order volumes grew in May at the fastest pace since records began 24 years ago, driven by the house building sector, the construction Purchasing Managers Index (PMI) showed. Construction output as a whole rose above pre-virus levels in May, with the house...

Buyers outnumber properties by 16 to 1

Buyers outnumber properties by 16 to 1

The percentage of properties selling for over the asking price reached the highest level on record as eager buyers outnumbered available properties by 16 to one, according to NAEA Propertymark. The trade body says that 32% of properties sold for more than asking price...

House prices continue upward trend, rising 10% in March: ONS

House prices continue upward trend, rising 10% in March: ONS

House prices in the UK rose 10.2% in the year to March 2021, the highest annual growth rate seen since August 2007. However, the figures from the Office for National Statistics come with the caveat that less transaction data is available for March, meaning there may...

Queen’s Speech unveils planning bill and leasehold reform

Queen’s Speech unveils planning bill and leasehold reform

The government will bring in a property planning bill aimed at modernising the planning system, according to the Queen’s Speech.  During the speech, the Queen outlined plans to modernise the planning system to enable more homes to be built, provide more help for...

Base rate to remain at historical low until 2025

Base rate to remain at historical low until 2025

The current Bank of England base rate of 0.1 per cent is expected to remain unchanged until 2025, Capital Economics predicted. The consultancy’s latest UK housing market update concluded this would combine with other low-rate scenarios across the mortgages sector. ...

Accord returns to 95% LTV market

Accord returns to 95% LTV market

Accord Mortgages returns to the 95 per cent loan-to-value mortgage market tomorrow (Wednesday), in a move aimed at “giving brokers more choice for first-time buyers with smaller deposits”. The product, only available through advisers, has a five-year fixed rate of...

Budget News

Budget News

Following newspaper headlines over the weekend, the government has confirmed that it will be offering a mortgage guarantee scheme. The mortgage guarantee scheme is designed to encourage lenders to lend mortgages of up to 95% loan to value (LTV). Virgin Money said it...

Sunak set to extend stamp duty holiday for three months

Sunak set to extend stamp duty holiday for three months

The stamp duty holiday will be extended for three months until the end of June at next week’s Budget, according to reports. The Times reported today that chancellor Rishi Sunak will make the change in a bid to keep the property industry moving. Many industry...