Lending
Home buyers in UK set to benefit from continued low mortgage rates during Brexit negotiations
Home owners and would be first time buyers are unlikely to see mortgage rates rise in the short term, according to experts who say the Bank of England monetary policy committee report signals unlikely change due to Brexit negotiations. The committee’s report says that is expects the economy to slow down during the difficult Brexit […] The post Home buyers in UK set to benefit from continued low mortgage rates during Brexit negotiations appeared first on PropertyWire . Continue reading →
UK prices up again modestly in January but growth in 2017 could be hit by Brexit
Property prices in the UK increased by 0.2% in January and are now 4.3% above a year ago but the outlook is clouded by Brexit and economic uncertainties, according to the latest index report. The modest rise at the start of the year took the average price of a home to £205,240 and prices have […] The post UK prices up again modestly in January but growth in 2017 could be hit by Brexit appeared first on PropertyWire . Continue reading →
UK home owners embraced remortgages in 2016 due to record low rates
The value of remortgaging in the UK increased by 21% year on year in 2016 reaching £65.7 billion with home owners doing so more often, new research shows. Remortgage enthusiasm was driven by record low rates, anticipation of a rate rise in 2017 and the decision by the UK to leave the European Union, according […] The post UK home owners embraced remortgages in 2016 due to record low rates appeared first on PropertyWire . Continue reading →