British ownership

20 things you need to know about the housing market right now

20 things you need to know about the housing market right now

A fixed rate mortgage provides certainty about monthly repayments, but with rates so high, an adjustable rate mortgage might be a way to go, at least temporarily. These are normally priced at 1% above the Bank of England base rate. According to Money Saving Expert, the cheapest tracker mortgage is currently 2.95%. “If you’re having …

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"I was shocked when I saw what the neighbors had sold"

“I was shocked when I saw what the neighbors had sold”

Ride a bike In large part, house price growth depends on when the property was purchased during the housing market cycle, which is typically made up of leaders and laggards. Lucian Cook of estate agency Savills said: “Leaders are the strongest performing areas in the first half of a cycle, led by London, spreading across …

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Mortgage rates were high for baby boomers – but they had a hand

Mortgage rates were high for baby boomers – but they had a hand

Woe betide anyone who suggests that the impending mortgage crisis could be the worst in recent history. After years of dormancy, interest rates are now rising rapidly. This situation is compounded by skyrocketing energy bills, a growing tax burden and food prices that eat away at what is left of disposable income. But the Bank …

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How to Secure a Good Real Estate Deal in This Buyer's Market

How to Secure a Good Real Estate Deal in This Buyer’s Market

Savvy property hunters can now get deep discounts on their purchases as chains collapse and rising mortgage rates hit prices. Buyer demand has fallen by a fifth in the past two weeks, according to real estate website Zoopla, creating a buyer’s market in many areas. House prices could already be falling due to spiraling mortgage …

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