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Jan 16, 2025 · Bets are back on for an interest rate cut next month after inflation surprised many commentators by dropping to 2.5%. The Bank of England is set to announce its latest decision on 6 February, with economists now saying a cut from the …

4 days ago · Today’s 0.25% reduction in the Base Rate and the prospect of further cuts have been welcomed by estate agents and will provide a major boost for both the property industry and the wider economy. And it will be given an even warmer welcome by Labour as it struggles to fulfil its growth pledge. The ...

Jan 8, 2025 · Housing Secretary Angela Rayner (main picture) admits the Government’s 1.5 million new homes target will only be “a dent” in the total number needed. She told MPs that ministers wanted to “move to make housing supply the number one priority” to tackle a crisis. Even if we achieve the 1.5 ...

1 day ago · The Government is to digitise the ‘cumbersome’ and slow-moving home buying and selling process and put key information about properties at ‘people’s finger tips’, significantly reducing the time it takes to complete property transactions, Housing Minister Matthew Pennycook (main image) has announced.

Sep 20, 2024 · Mortgage lenders are cutting rates despite the Bank of England decision yesterday to hold the base interest rate at 5%.. The Bank’s Monetary Policy Committee voted by a majority of 8–1 to maintain the rate at 5% after making a cut of 0.25% last month.. War on inflation. Many experts expected the Bank to hold the rate this time, but to make a cut in …

Dec 20, 2024 · Yesterday’s decision by the Bank of England to hold its base rate at 4.75% has both perplexed and delighted the property industry in equal measure, comments from leading figures show.

Jan 14, 2025 · Property sellers are seeing the smallest profit gains in nearly 10 years, new figures from Hamptons reveal. The average seller in England and Wales is now making below £100,000 for the first time in three years. Last year, the average household sold their home for £91,820 more than they paid for ...

Nov 14, 2024 · Chestertons reveals property sales spiked before and after the Budget with 71% more transactions. Matt Thompson, Head of Sales, Chestertons. Matt Thompson, Head of Sales at Chestertons, says before the Budget buyers were concerned about potential changes to Stamp Duty, and wanted to finalise their purchase ahead of the announcement.. Mad scramble

Sep 2, 2024 · The number of sellers entering the market has increased by nearly a quarter (23%) in the fortnight following the Bank of England’s (BoE) 0.25% interest-rate cut.