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Looking back at some of the commentary and news analysis in Mortgage Strategy from mid- to late 2023, there was no shortage of gloom. Back in June, one headline read, ‘More BoE pain, but little gain’, as the industry’s confidence in Bank of England governor Andrew Bailey hit rock bottom. At the time, rate rises had
The combination of high house prices, rising mortgage rates, rapidly increasing essential living costs and political turmoil has seen confidence in the housing market close to a record low, the latest Property Tracker survey by the Building Societies Association (BSA) reveals. The survey found there is low consumer
The number of people who say now is a good time to buy a home has slumped to an all-time low in the face of rising living costs, according to the Building Societies Association. Just 16% of those surveyed thought it was a good time to buy a property in the BSA’s June Property Tracker, the lowest figures since it
House prices have so far continued to maintain last year's momentum with the average asking price hitting £354,564 in March, an increase of 1.7 percent on February. According to Rightmove, March also saw a year on year increase in asking prices of 10.4 percent, continuing the trend of double digit growth seen last year. Analysts
While estate agents are still open for business during lockdown, government instructions not to leave the house unless it is really necessary have meant that even more people than usual are conducting property searches online - at least initially. Browsing the estate agents' window virtually has its advantages. You can do it from the comfort of your sofa, while there's no risk of wandering inside and having to politely feign interest in homes you have no intention of viewing. But with thousands of potentially suitable properties at your fingertips, it can sometimes feel like looking for a...