iM Mortgages

Month: May 2024

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  • Month: May 2024
Base rate holds firm at 5.25% but long-awaited cut set for summer

Base rate holds firm at 5.25% but long-awaited cut set for summer

The Bank of England (BoE) has maintained the base rate at 5.25%, adding to the pain for mortgage holders and credit borrowers, while savers breathe a sigh of relief in the hope of earning higher interest for longer. The Monetary Policy Committee (MPC) voted by a majority of 7-2 to maintain the base rate at

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A third of homeowners who agree to house survey save cash

A third of homeowners who agree to house survey save cash

A third of homeowners who undertook a house survey saved money by spotting issues before moving in, research reveals. Of those who opted against taking a survey, a tenth (11%) regretted it after finding problems once moved into their new property, according to HomeOwners Alliance data. A tenth of the homebuyers who took a survey

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Victorian homes most popular period property style – Rightmove

Victorian homes most popular period property style – Rightmove

Victorian homes are the most searched-for period property style, showing that buyers are still “captivated by… character and charm”, research has found. According to Rightmove, which looked at its keyword sort tool, historic and unique properties are popular, with “character” and “period” ranking in the top 20 most searched-for keywords in property criteria this year.

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Quarter of mortgage holders use credit to pay for borrowing

Quarter of mortgage holders use credit to pay for borrowing

A quarter of mortgage holders took out more credit to keep up with their current borrowing commitments, a debt charity reveals. In the last three months, 23% of UK mortgage holders have taken that decision, while one in six (16%) have made the move to keep up with their bill payments. This rate is higher

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