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Property News
Housing Affordability Hits Lowest Level on Record
Research from Halifax has revealed that housing affordability has been reduced to the lowest levels on record.
Interest Rates Rise for the Fifth Consecutive Time
For the fifth consecutive time the Bank of England has chosen to increase interest rates – a rise from 1% to 1.25% – reaching a 13-year high.
It also looks like there will be more interest rate hikes coming in the near future, with some committee members voting for more a more aggressive hike of 0.5%.
Fee-Free Deals for Mortgages Increase with Fees Being Reduced Across the Board
With intense competition between lenders, mortgage product fees have been lowered across the board, this has coincided with a 34% rise in fee-free mortgage deals.
UK Homes are Still Selling Faster than Ever
Data in April suggests that we are still in a strong sellers’ market for homes. On average properties are spending only 33 days on the compared to the pre-pandemic market in 2019 where they stood for an average of 67 days.
Gold for The Agent in the British Property Awards
We’re delighted to announce that we have won Gold in the British Property Awards and it really helps to cement our belief that a one-to-one
First Time Buyer Deposits Soar Over the Past Decade
The typical first-time buyer must now put down an average deposit of £45,569, representing a 54% jump in comparison to first-time buyer deposits ten years
Spike in Over 40s Taking Our 35-Year Mortgages
According to data from Quilter there has been a spike in the number of over 40s taking out mortgages with a term of 35 years or more.
Mortgage Rates Expected to Rise Again
Mortgage rates are expected to rise again this year, in line with inflation soaring to a 40-year high of 10.1% in July.
Mortgage Affordability Test Scrapped By Bank of England
Mortgage borrowing rules have been eased after the Bank of England scrapped an affordability test. However, the changes may not be as significant as they sound.
Selling Your Home
Selling with The Agent
Going through our sales process, we highlight what makes us different. And ultimately, why you should choose us as The Agent to sell your home.
Areas
Nettleham
Lately, we have been getting a lot of interest in properties in Nettleham and the surrounding areas.
And it’s no surprise, Nettleham is a beautiful village and a great place to live for all ages. So, we thought it might be a good idea to write a small blog post about what the village has to offer!
