News Archive for October - 2017

Asking Prices Show Biggest October Rise Since 2014, Says Rightmove

Asking prices have risen by an average of 1.1% or Ł3,432 in the past month according to Rightmove.

This is the largest October rise since 2014.

However, the portal warns that the with more sellers chasing fewer buyers, this month’s 104,000 new-to-the-market sellers will have to work harder to find a buyer.

“It will be harder for this Autumn’s sellers to secure a sale because buyers have more choice with a 3.1% increase in new ...

Some Mortgage Costs Rising Already, Anticipating Base Rate Hikes

Respected mortgage market monitor Moneyfacts says that the costs of some mortgages are already rising in the expectation of a base rate hike, even though the Bank of England has left the rate unchanged for the moment at least.

Moneyfacts says the average two-year fixed mortgage rate has increased to 2.24% after a 0.04% rise in the first week of this month.

“The higher inflation figure announced on September 12, coupled with the Bank ...