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
24% house price premium in National Parks
6% premium for homes within 5km of a National Park 14% premium for properties located in a National Landscape New Forest continues to be the most expensive National Park to live in Surrey Hills remains the most expensive National Landscape in which to purchase a property Commenting on the figures, Andrew Harvey, Nationwide’s Senior Economist,…
Read More 
Thames Valley Rents Surge to £1,448 – 6% Above UK Average
Average rents in Thames Valley reach £1,448 pcm, nearly 6% above the UK average, new report reveals Rents in Thames Valley reach £1,448 pcm, nearly 6% above the UK average of £1,369 Wokingham and Reading highlighted as key areas of interest for renters and investors Renters in Thames Valley are more likely to be older than anywhere else in…
Read More 
July’s HMRC Property Transactions Report
Headline statistics Headline statistics from the latest transactions data include: the provisional seasonally adjusted estimate of the number of UK residential transactions in July 2026 is 96,710, 1% lower than July 2025 and 2% lower than June 2026 the provisional non-seasonally adjusted estimate of the number of UK residential transactions in July 2026 is 106,620, 5% higher than July…
Read More 
Almost half of homesellers hit by broken chains
The latest research from House Buyer Bureau has revealed that almost half of home sellers who form part of a property chain have seen that chain break during the sales process, with buyers changing their minds and pulling out by far the most common reason why. House Buyer Bureau commissioned an independent survey of 1,072…
Read More 
Only 1 in 10 new-build homebuyers happy
Just 1 in 10 new-build buyers got the home they wanted before moving in The latest research from UK Property Development (UKPD) has found that just 11% of people who purchased a new-build home in the past two years were able to personalise their property exactly as they wanted before moving in. As a…
Read More 
One-third of tenant income in the UK goes on rent
Lomond’s Summer 2026 Quarterly Insights report reveals tenants now spend an average of 32.7% of their yearly income on rent UK average rents rise to £1,369pcm, increasing by +4.3% in the same period last year Average rent in London reaches £2,418pcm, 76% higher than the UK average The average age of renters across the UK is now 31.5 Lomond, the UK’s leading network of lettings and sales agents, has…
Read More