4.5% – The New Normal For Mortgage Rates?
Hello Readers, As we (hopefully) come up to a bank of England rate drop in the next few months, many of us will be looking forward with a hopeful outlook that mortgage rates will start to decline. Remember how we saw rates in excess of 6% and whilst they have dropped somewhat, they’re still a […]
It’s been an interesting week following the Chancellor’s budget…
Last week I reported on the market situation for first-time buyers following Phillip Hammond’s announcement to scrap their stamp duty; and the week before about the Rochester regeneration project which will bring 1,400 new homes to the area. All was looking positive for those looking to get on the property ladder in Medway. Well, a lot […]
Buying a house in the Medway towns? First timers and buy-to-let investors, here’s some facts you might like to know.
I was at the Medway Business Awards on Friday night and was chatting to one of the leaders of the Medway Regeneration Project. We were discussing the huge salaries required to buy a house in each Kent town. It piqued my interest to say the least. I had a look online at a tool oddly […]
What does the interest rate rise mean for the rental market?
Incase you missed it, The Bank of England raised the base rate from 0.25% to 0.5% this week. The base rate is the Bank of England’s official borrowing rate, which influences what borrowers pay and savers earn. The base rate has remained fairly static over the last decade, with 0.25% being the lowest on record. […]
