Mortgage choice increases with 5,000 deals now available
The number of mortgage deals available has broken through the 5,000 barrier for the first time in more than a year. Key takeaways A total of 5,146 mortgage products are now available, the highest level since February 2022, according to financial information group Moneyfacts. The increase in choice is across all deposit levels, with nearly […]
Property sales rise as buyers regain confidence in the market
With steadying mortgage rates and 65% more homes for sale than this time last year, buyers are back in the market and agreeing 11% more sales than in 2019. Key takeaways Increasing sales volumes indicate recovering market health The housing market is continuing to see cautious improvements in conditions since the mini budget in October […]
The average home seller made £67,000 profit in 2022
97% of sellers made a profit from the sale of their property in 2022, with the average home earning £67,000. Key takeaways The Covid-19 pandemic triggered unprecedented demand for homes. As a result, the average value of all UK homes rose by £48 a day on average. Our analysis of property sales in 2022 reveals that the […]
7 steps to getting a mortgage
If you’re looking to buy your first home, chances are finding out how to get a mortgage is pretty high on your to-do list. As a mortgage is a big financial commitment, it’s important to carefully consider your options, to make sure you choose the right product for you. We’ve broken down the process to help you […]
What does a Mortgage in Principle mean?
A Mortgage in Principle, or MIP for short, is also known as an Agreement in Principle, Decision in Principle, Mortgage Agreement in Principle, or a Mortgage Promise. A MIP is a personalised document confirming an amount of money, which a lender believes they would be able to lend you, based on the information you’ve shared at […]
Over a quarter of homes are listed for longer than 6 months
More than a quarter of properties currently up for sale on Rightmove have been listed for longer than six months, new research has shown. So far this year, 28% of available homes on the UK’s number one property portalhave been on the market for more than half a year. There are 8% of properties that have […]
How do average house prices vary across Great Britain?
If you’re thinking of making a move, you’ll know there have been plenty of headlines about house prices recently. Average asking prices usually increase in January, after the quiet home-moving period over Christmas. And after two previous months of price falls in November and December, we’ve seen the average asking price of a home in Great […]
4 simple improvements to help sell your home
And sales are expected to be hit next year, with a drop stemming from mortgaged buyers, particularly first-time buyers, according to the forecast. However, estate agent Hamptons say 2024 could be a “year of recovery” helped by some pent-up demand from 2023. House prices are expected to be 2% higher in the fourth quarter of 2024 than in the […]
