It’s been a busy summer with annual getaways, the General Election campaign, and the Euro football tournament all taking place over the past two months. Despite concerns that the General Election campaign would significantly slow down home-moving activity, data shows that most people have continued with their moves since the election was called. In fact,…
The Welsh housing market is anticipated to significantly outperform the rest of the UK over the next five years, according to research by Savills. The analysis, published by Savills UK residential research, examines the housing market and supply across Wales in 2023 and forecasts expectations for 2024 and beyond. Sharp increases in mortgage rates have…
The King’s Speech aims to address fundamental issues within the economy, focusing on essential aspects like infrastructure and policy to “get Britain building.” These initiatives are expected to take well into next year before any noticeable impact on economic growth materializes. A key legislative highlight announced by His Majesty is the promotion of “economic stability.”…
Time to rent not buy? Renting often gets a bad reputation in the UK, where homeownership has long been a cultural norm. Most people aim to buy a home with a mortgage and pay it off over their working lives. However, with soaring house prices and high mortgage rates unlikely to return to historic lows,…
Economy boost The UK economy experienced faster-than-anticipated growth in May, rebounding from the wet weather that dampened consumer spending in April, according to official data. The Office for National Statistics (ONS) reported a 0.4% increase in gross domestic product (GDP) for May, following zero growth in April. This outperformed the 0.2% growth forecasted by City…
Purchasing a home is often the most significant financial commitment one makes in a lifetime, and for many, this journey involves securing a mortgage. In the UK, mortgages come in various forms and understanding them is crucial for making informed decisions. This guide will provide a clear overview of the key aspects of UK mortgages,…