Average mortgage rates have decreased to the lowest level since June last year, a report has said. According to Moneyfacts, average two-year fixed mortgage rates stand at 5.83 per cent and the average rate for a five-year fixed rate is 5.43 per cent. The last time they were at current levels was 9 June 2023,
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Housing market in ‘cooling phase’ There was a 26 per cent reduction in new properties coming to the market in November compared to the month before, a report from Propertymark has revealed. The report, Housing Insight Report November 2023, found there were, on average, six new homes placed for sale per member branch in November. This is a continuation of
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Halifax numbers further proof of resilient UK market In December, the cost of an average UK home rose for the third month in a row to £287,105, up 1.1% or £3,066, in November, reaching the highest level since March 2023. This is according to the lates Halifax House Price Index which also shows that the
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Sales expectations turn slightly positive for the first time this year The outlook for the UK housing market has improved over the past month, supported by a modest easing in mortgage rates in recent weeks, according to the Royal Institution of Chartered Surveyors (RICS). Results of the latest RICS UK Residential Market Survey showed a
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