Base Rate cut to 4.5%: what it could mean for UK mortgages

base-rate-cut-to-4.5%:-what-it-could-mean-for-uk-mortgages

The Bank of England has announced that it will reduce the Base Rate by 0.25%, taking it to 4.5%, in the first decision of the year. Base Rate was held at 4.75% in December after two cuts in 2024. The Bank meets every six weeks to decide what should happen to interest rates, with the … Read more

Autumn Budget 2024: more help needed for first-time buyers

autumn-budget-2024:-more-help-needed-for-first-time-buyers

Our weekly mortgage tracker, which compares average mortgage rates since 2019, shows that the average monthly mortgage payment for a typical first-time buyer is now £931, compared with £578 in 2019, a difference of £353. However, this is still more than £150 cheaper than the peak in July 2023. The calculations are based on a … Read more

First-time buyer monthly mortgage repayments £150 lower than peak

first-time-buyer-monthly-mortgage-repayments-150-lower-than-peak

We keep a close eye on the mortgage rates lenders offer to borrowers – including when they change, and what this could mean if you’re thinking of moving.   We look at what’s happening from week to week in our rate tracker, but it can take much longer before changes to rates are big enough to … Read more

Housing market boosted by Base Rate reduction

housing-market-boosted-by-base-rate-reduction

The Bank of England announced its decision to reduce the Base Rate to 5% at the start of August, which was the first cut in four years. Our real-time data means we can see shifts in property market activity as they’re happening, so we’ve been keeping a close eye on how this news has affected … Read more

First-time buyer mortgage payments 61% higher since last election

first-time-buyer-mortgage-payments-61%-higher-since-last-election

There’s just a week to go before until we go to the polls in the general election. We’ve called for more support for home-movers, and people looking to take their first step onto the property ladder. Our latest study into first-time buyer mortgage payments – and how they’ve changed over the last five years since … Read more