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Bank of England decision to maintain interest rates at 4.5% – Thoughts from the Industry
With the Bank of England decision to maintain interest rates at 4.5% here are some thoughts from the Industry Matt Smith, Rightmove’s mortgage expert: “Now that this expected interest rate hold is out of the way, all eyes are on May’s decision where the current forecast is a second cut of the year. Since the…
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Breaking Property News 20/03/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Gareth Samples CEO of The Property Franchise Group gives analysis on interest rates No change in the Bank of England base rate in March The Bank of England held interest rates at 4.5%. The nine-person Monetary Policy Committee, which sets the rate, voted 8-1…
Andrew Stanton
Rightmove – Cheapest mortgage rate is now a 2-year fixed
The lowest available mortgage rate is now a 2-year fixed rate, for those with a 40% deposit. Commenting more widely on mortgage trends, Matt Smith, Rightmove’s mortgage expert says: “Average mortgage rates at the top-end of the market have fallen more quickly than for those with the smallest deposits over the past year. Someone with a…
Rightmove
Halifax House Price Index March 2025
Bigger homes driving house price growth as flats lag behind • UK property prices rose by +3.7% (£10,431) over the last year • Flats saw slowest growth in price (+3.2%) as easing interest rates allowed buyers to target larger properties • Detached properties have increased in value by more than £100,000 over the last five…
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Breaking Property News 19/03/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Innovative solutions to decarbonise affordable housing confirmed as theme for ULI PropTech Innovation Challenge 2025 PRESS RELEASE – London (19 March 2025) – The Urban Land Institute (ULI) Europe is calling for innovators from across the built environment and technology to submit ground breaking…
Andrew Stanton
First-time buyer mortgage sales at lowest level since 2013
Fewer first-time buyers in England’s most urban areas While the rate of first-time buyer mortgage sales has been falling in London, they have risen in more rural areas. On average, rural areas in England and Wales saw rates of first-time buyer mortgages rise by 9.7% between 2013 and 2023, while urban areas saw a 3.7%…
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First-time buyer mortgage sales fell across London in decade to 2023
First-time mortgage buyers bought homes further from the capital compared to 10 years earlier, ONS analysis of Financial Conduct Authority data show. Several London boroughs saw some of the largest falls in the rate of first-time buyer mortgage sales in the UK between 2013 and 2023. This is according to ONS analysis of data from…
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How to Apply for Waopelzumoz088: A Step-by-Step Guide
Applying for what is Waopelzumoz088 might seem overwhelming at first, but don’t worry! This guide will break everything down into simple, easy-to-follow steps so you can complete the process smoothly and without stress. Whether you’re new to it or just need some extra help, we’ve got you covered. What is Waopelzumoz088? Before jumping into the…
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Breaking Property News 18/03/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Building a start-up is a 24/7 mindset, but for 90 minutes a week, my focus is elsewhere. Owen Redman co-founder of Roome – is looking to save Universities over £9M annually by connecting the dots in a fragmented student accommodation market. Putting these institutions back in…
Andrew Stanton
First-time buyer purchases up 59% in race to complete ahead of stamp duty deadline
Missing stamp duty deadline to cost homebuyers £6,512 as mortgage demand surges in race for completion Spending on mortgages and rent grew by 7.7.% in February, up 5.7 percentage points from January, according to the latest Barclays Property Insights report. The report has also discovered that homebuyers could be faced with additional costs of £6,512…
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Half of Private Renters Reliant on Benefits Face Rent Shortfall
Almost half of all private renters in receipt of housing benefits experience a shortfall between the support they receive from government and their monthly rents. That’s according to a new analysis by the National Residential Landlords Association (NRLA) ahead of a planned freeze of housing benefit rates in April. The most recent official data reveals…
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New financial sanctions reporting obligations will apply to all letting agents
From 14 May 2025, financial sanctions reporting obligations will apply to all letting agents working throughout the UK as amended guidance and regulations made by the Office of Financial Sanctions Implementation (OFSI) come into force. Letting agents need to be aware that in contrast to the Money Laundering Regulations, the reporting obligations will apply to…
EAN Breaking News
Breaking Property News 17/03/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Things you need to know about the expanding proptech marketplace Over the last few years, the proptech market map has turned into a whole universe with a huge number of proptech companies that reportedly equals 10,000. To navigate this complex field with different domains and technological trends of…
Andrew Stanton
Rightmove House Price Index: Decade-high choice to benefit Spring buyers who miss stamp duty deadline
The average price of property coming to market for sale rises by 1.1% (+£3,876) this month to £371,870, in line with the long-term March average increase, as many new sellers price sensibly amid decade-high competition to sell: While new Spring buyers will not beat this month’s stamp duty deadline, they will benefit from the…
Rightmove
Searches surge for Moclín in Spain due to Amanda and Alan’s Spanish Job
Searches for Moclín, an area in the province of Granada in Spain, have surged due to the programme Amanda & Alan’s Spanish Job, hosted by Amanda Holden & Alan Carr The increase from 104 searches at this time in 2024, to more than 85,000 in 2025, equates to a more than 800 times surge in searches It is…
Rightmove