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Budget 2024: OBR lifts forecast for mortgage rates and house prices
Oct 30, 2024 · 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: Right to Buy discounts to fall and social rents to rise
Oct 30, 2024 · However, the Chancellor also confirmed she would pave the way for social landlords to increase rents. She said: “We will provide stability to social housing providers with a social housing rental settlement of CPI plus 1% for the next five years, and we will deliver on our manifesto commitment to hire hundreds of new planning officers to get Britain building.”
Budget 2024: Stamp duty on second homes rises to 5%
Oct 30, 2024 · 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
Nov 6, 2024 · 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
Blog: BTL- lessons learned from 2024 – Mortgage Strategy
Dec 20, 2024 · 2024 has been quite a year in the buy-to-let market. Despite new purchase lending growing by 13% according to the latest UK Finance Figures, it has been tumultuous if largely positive. Landlords have been something of a target for governments of all colours in recent years, although despite everything, the buy-to-let
Interest rates to hit 3% in 2025: Goldman Sachs
Sep 13, 2024 · The Bank of England will begin a series of rate cuts that will lead the base rate to hit 3% in September 2025, according to Goldman Sachs. The US investment bank says wage growth and services inflation are set to ease over the coming months, which will spark a round of rate cutting from the central bank’s rate-setting Monetary Policy Committee.
Blog: Delivering a greener future – Mortgage Strategy
5 days ago · The UK housing sector is at a critical juncture. With over half of properties rated at an Energy Performance Certificate (EPC) level of D or below, these figures underline the pressing need to upgrade homes to meet energy efficiency standards and contribute to a sustainable future. With the clock ticking toward
Autumn Budget 2024 – Mortgage Strategy
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Mortgage lending to grow 1.6% in 2024: EY – Mortgage Strategy
Nov 12, 2024 · Mortgage lending to grow 1.6% this year, up from -0.1% in 2023, EY ITEM Club reveals. EY forecasts that mortgage lending will continue to rise over the coming year, increasing by 2.6% in 2025 and 3.3% in 2026, providing interest rates continue to be gradually cut as predicted. It suggests that borrowing appetite of