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Budget 2024: OBR lifts forecast for mortgage rates and house prices
2024年10月30日 · The Office for Budget Responsibility has increased forecasts for both house prices and future mortgage rates compared to its March predictions. In its latest Economic and Fiscal Outlook, published today, the independent body says it expects average interest rates on outstanding mortgages to rise from around 3.7 per
Budget 2024: Stamp duty on second homes rises to 5%
2024年10月30日 · Chancellor Rachel Reeves has increased the stamp duty surcharge on second homes and investment properties from 3% to 5%, effective from tomorrow. Announced in today’s Autumn Budget, Reeves stated: "In our manifesto we committed to reforming stamp duty land tax to raise revenue while supporting those buying their
House prices expected to rise £84k by 2029: Savills
2024年11月6日 · Average house prices in the UK are expected to increase by £84,000 over the next five years. This is according to the latest house price forecast from Savills. With inflation returning to the 2% target and the prospect that interest rates will continue to fall over the next two years, the national estate agent
Autumn Budget 2024 – Mortgage Strategy
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News analysis: Reflections and aspirations – Mortgage Strategy
2023年12月20日 · As 2023 draws to a close and we begin to reflect on the past 12 months, some look back more fondly than others. It certainly wasn’t an easy year for the mortgage market but, as we look forward to a new year, industry commentators share their thoughts on what has passed and their hopes for the future. Paul
House prices forecasted to rise 3% in 2025: Hamptons
2024年11月11日 · House prices will rise by 3% across the UK in 2025, followed by 3.5% in 2026 and 2.5% in 2027 as the affordability picture improves. This is according to the latest data from estate agent Hamptons which says 2025 will mark the beginning of a new property market cycle. The agent suggests that like the market
Foundation completes £550m securitisation – Mortgage Strategy
2024年9月12日 · Foundation Home Loans has completed its first residential securitisation worth £550m. The deal was for a mixed portfolio of buy-to-let and owner-occupied home loans. It was priced on September 4 and titled Braccan 2024-1. Foundation director of capital markets Steve Vance says: “The transaction was met with strong
Nationwide completes £2.9bn Virgin Money takeover
2024年10月1日 · Nationwide has sealed the £2.9bn acquisition of Virgin Money, which creates the country’s second-largest mortgage lender. The mutual has formally completed the cash purchase of the high street bank, which will see Virgin Money’s listing removed from the stock market today. Virgin Money chief executive David Duffy
Winners announced at Mortgage Strategy Awards 2024
2024年5月23日 · Last night saw the mortgage industry come together once again at the JW Marriott Grosvenor House Hotel in London to celebrate the Mortgage Strategy Awards 2024. TV and radio presenter Colin Murray was our host for the evening and didn't disappoint! The judges had a particularly challenging job choosing who should