Mortgage crunch sends house prices down £7,000 from peak
The house price figures arrived against the backdrop of chaos in the mortgage market , with rates having risen dramatically over the past month.
Source: dailymail.co.uk
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ONS HPI points to further rebalancing – Mortgage Strategy
The latest ONS House Price Index, shows that average UK house prices increased by 3.5% in the 12 months to April 2023, down from 4.1% in March 2023. MD of Real Estate at Shawbrook Emma Cox says the UK property market is navigating challenging conditions, including high interest rates, inflation, and reduced budgets
Source: mortgagestrategy.co.uk
Property transactions fall sharply – HMRC – Mortgage Strategy
The latest figures from the HMRC show a marked fall in housing transactions. The provisional non-seasonally adjusted estimate of the number of UK residential transactions in April 2023 is 67,220, 32% lower than April 2022 and 29% lower than March 2023 The provisional seasonally- adjusted estimate of the number
Source: mortgagestrategy.co.uk
How much a sea view adds to your house price
Waterside properties enjoy a boost from a pandemic-era race to the coast
Source: telegraph.co.uk
Industry reacts to highest base rate for 15 years – Mortgage Strategy
There has been mixed reaction from the sector to the latest interest rate rise announced today by the Bank of England. MT Finance head of buy-to-let lending Marylen Edwards believes that while a reduction in the base rate would have been welcome news, another increase was necessary at this moment in time to combat
Source: mortgagestrategy.co.uk