As of early 2025, the UK housing market is experiencing notable developments influenced by recent interest rate adjustments. Interest Rate Changes: The Bank of England has reduced the base rate from 4.75% to 4.5%, prompting lenders to offer more competitive mortgage rates. Santander, for instance, has introduced two- and five-year fixed-rate mortgages at 3.99% for …
Continue reading Interest Rate Changes in the UK
Tag:house market
Using Self-Storage as a Tool in the Current Housing Market
As of early 2025, the UK housing market is experiencing a notable uptick. In January, house prices increased by nearly £6,000, marking the most significant new year rise since 2020. The average asking price now stands at £366,189, reflecting a 1.7% monthly increase. Despite this growth, current prices remain approximately £8,942 below the peak observed …
Continue reading Using Self-Storage as a Tool in the Current Housing Market