Interest rates and Halifax report
June 5, 2015
UK interest rates have been held at 0.5% again by the Bank of England.
The Bank also kept the size of its bond-buying stimulus programme unchanged at £375bn. The decision by the Bank’s Monetary Policy Committee (MPC) comes more than six years after the record low was introduced.
The number of properties on the market is at its lowest level for many years, according to the Halifax.
This shortage of homes for sale, coupled with demand from buyers, has led to prices rising at a faster rate than wages, the lender said. Property prices rose by 8.6% over the year to the end of May, pushing the cost of the average home up to £196,067, its own lending data shows. Yet prices dipped by 0.1% in May compared with April.
You May Also Enjoy
Property auctions generate complaints at four times the rate of the wider housing market
Property auctions account for just 2% of home sales but generate more than four times their share of complaints, according to a new insight report by the Property Ombudsman. The report highlights that while auctions remain a relatively small part of the wider residential property market, they are generating a disproportionately high level of consumer…
Read More 
UK rents see upward trend in early 2026
Lomond’s report finds UK average rents rise to £1,384pcm in the first three months of 2026, compared to 2025. Average rent in London reaches £2,339pcm, 69% higher than the UK average. Kent records the network’s highest rental uptick of +9%, in early 2026. Tenant demand strengthens with a +28% increase in viewings activity in 2026. Lomond observed the average rent across its network of lettings…
Read More 
Landlord repossessions rose 6% ahead of Renters’ Rights Act
Landlord possession claims rose by almost 6% in the first quarter of 2026 as property owners moved to regain control of homes before the Renters’ Rights Act came into force on 1 May, according to analysis by LegalforLandlords. LegalforLandlords analysed the latest repossession data* and found that during Q1 2026, a total of 22,733 possession…
Read More 
Tenant confidence in RRA compliance sits at just 32%
Barely a third of managed tenants believe their management company is compliant following RRA changes The latest insight from property management specialist, Rushbrook & Rathbone, reveals that whilst managing agents had until 31st May to distribute new documentation following the latest RRA implementations, almost 60% of tenants living in managed properties have seen no changes…
Read More 
Six issues that make your property unmortgageable
The latest market insight from House Buyer Bureau has revealed six common issues that could see a homeowner’s property deemed unmortgageable by lenders, drastically reducing the pool of potential buyers and making it far harder to sell on the open market. House Buyer Bureau analysed some of the most common reasons properties fail lender criteria, alongside the…
Read More 
Homebuyers could make over £26,000 before completion
Buying off-plan: London homebuyers could make over £26,000 before completion The latest research from Foxtons has found that buying a home off-plan can deliver a significant financial uplift, with London buyers potentially making more than £26,000 in added value before they’ve even picked up the keys to their new home. Foxtons analysed average monthly new-build…
Read More