Interest rates remain frozen – mortgage industry reaction
May 2, 2019
The Bank of England has made the decision to keep interest rates frozen at their current level.
Managing Director of One77 Mortgages, Alastair McKee, commented:
“In the current climate of Brexit uncertainty, a freeze in interest rates was one thing that we could bet on.
While wider market conditions remain tough, this further assurance of continued mortgage affordability should help boost confidence in an otherwise beleaguered property market.
However, although today’s news will help stimulate buyer sentiment, fuelling buyer demand is a temporary plaster over the issues surrounding the UK market and we still need to address the wider issue of supply to improve its long-term health.”
You May Also Enjoy
Rental supply climbs 15% despite landlord uncertainty
The latest research from Dwelly has found that, despite what has been an incredibly uncertain year for landlords – marked by political back and forth over the Renters’ Rights Act, its eventual approval, and the additional 2% tax hit delivered in last week’s Autumn Budget – there are currently 15% more rental homes available to…
Read More 
FCA sets out plans to help build mortgage market of the future
First-time buyers and the self-employed could get a step-up onto the housing ladder, under new plans from the FCA. Its priorities for reforms to the mortgage market also include helping homeowners unlock housing wealth for a more comfortable later life. The FCA will focus on 4 areas: First-time buyers & underserved consumers: Simplifying mortgage rules…
Read More 
UK housing market modest growth expected in 2026
UK housing market steady in 2025, modest growth expected in 2026 • UK housing market performed broadly in line with expectations over the last year • Limited annual growth of +0.7% lifted the average property price to a new high of £299,892 • Market activity was influenced by stamp duty changes but overall remained close…
Read More 
Cladding remediation work stalls – when will we realise that this is a matter of life and death?
The most recent government data shows that the UK is monitoring more high-rise buildings with potential cladding risks than ever before, yet fewer are actually entering remediation. Property Inspect UK is now warning that the widening gap between identification and action reflects a persistent structural issue in how remediation is managed, verified, and delivered. As…
Read More 
3 Top-Rated Garages in Northampton
Car maintenance can be stressful if you are unsure which garage to trust to deliver precise and timely service. Choosing a garage that handles repairs carefully ensures your vehicle remains safe and performs reliably on the road. In Northampton, several garages stand out for their consistent service quality and attentive customer care. They provide support…
Read More 
Slight easing in affordability pressures helps underpin buyer demand
Housing market activity remained resilient in 2025 House price growth expected to be in the 2% to 4% range in 2026 Looking back at the housing market in 2025 and what we can expect in 2026, Robert Gardner, Nationwide’s Chief Economist, comments: “The word that best describes the housing market in 2025 is ‘resilient’. Even…
Read More