Home buyers are currently facing an annual increase of £4,300 on their mortgage repayments, rising to £7,500 in London.
Latest articles by Nic Hopkirk
Seller discounts narrow in spring 2024 as more sales are agreed. Momentum is growing in the housing market and house prices don't need to fall further to support the continued recovery in sales.
9 in 10 homeowners who sold up in 2023 made 25% in profit, with the average seller of a £275,000 property earning £74,000. How much money did your home make?
National insurance cut from 10% to 8%, Child Benefit threshold raised to £60,000, fuel duty frozen and inflation on track to hit 2% target in the next quarter.
Buyers are back in market and demand is now 11% up on this time last year. This is good news for sellers, as the number of sales agreed climbs 15%.
Buyers have a lot more choice when it comes to securing a home in 2024. More sellers are coming to market as mortgage rates are expected to plateau at 4% to 5%.
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