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UK house prices fell for a second consecutive month in January as many consumers across the UK struggle with the January squeeze and shrinking disposable income – putting major spending decisions, such as moving home, on hold. Last month, the average price of a home in Britain fell 0.6% to £223,285 according to the mortgage lender Halifax. The drop followed
Mortgage and remortgage approvals have seen new highs and lows this month after industry pressures and the new budget take hold of the market. Remortgage approval rates have rocketed ahead of Novembers interest rate hike, jumping to a nine-year high position after driving the stability of the market in October. Recorded by the Bank of England, a total of 51,593 remortgages
After our latest analysis indicating the rise in housing prices, finding an affordable property to ascend the ever-expanding property ladder can be a difficult one. While the 2017 budget has been announced, abolishing stamp duty for first time buyers entering the market, the underlining issue of house prices have not been corrected, only trickling supply into 2018 with the potential