First-time buyers are feeling the brunt of rising mortgage rates while some property insiders fear it could have a knock-on effect on the rest of the market. Since the war in the Middle East began, fixed-rate loans have increased significantly due to fears of inflation being lower than expectations of future interest rates. The average … Read more
Homebuyers warned to brace for ‘riding noise’ (Image: Getty) Homebuyers are being advised to be prepared to “go hard” as mortgage rates rise again. NatWest has announced it will increase mortgage rates by a further 0.28%, giving rise to warnings of a potential 6% rate hike at the end of April. Exchange rates, the amount … Read more
Richard Donnell The UK housing market is maintaining a steady sales performance despite uncertainty over events in the Middle East, Zoopla’s latest House Price Index shows. The higher mortgage rates associated with these conflicts affect consumer demand. As transactions continue, the market is increasingly dependent on a small group of willing buyers, as some families … Read more
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