People continue to choose fixed rate mortgages
More people are choosing to fix their mortgage, according to our National Mortgage Index (NMI).
There was a 0.7% increase in the proportion of buyers who opted to go for a fixed rate product in January, with 94.7% electing to sit on a fixed rate.
When compared to the number of people fixing last year, the NMI shows that fixing is now 1.6% more popular than it was a year ago, when 93.1% decided to.
These results are likely down to the Bank of England Governor, Mark Carney, claiming that the Ban k of England Base Rate is to stay longer than previously forecast – reinforced by the Monetary Policy Committee voting unanimously to keep the Base Rate at its record low for the 83rd consecutive month.
Inflation also slightly increased to 0.3% in January, meaning that it is now expected that interest rates will continue to remain low, with many economy experts not predicting a rise until 2017.
Head of lending at Mortgage Advice Bureau, Brian Murphy, adds: “Although Mark Carney has suggested that the Base Rate is once again likely to stay lower for longer than previously forecast, remortgage activity has remained resilient with borrowers encouraged by further falls in mortgage product pricing.
digital disruption in property portals and within estate agent industry
UK online alternative finance market grew to £3.2 billion in, 2015 Real estate is the single most popular sector
Councils will compete to process planning applications and be able to offer fast track application services under new proposals.
land ready for homes in cities with property oversupply , limited by China +property tax lowered for chinese homebuyers reduced
Nationwide sued over sale of property loans to Cerberus
ex husband was deliberately run over in car, by estate agent multiple times
Prop Tech Startup BrickVest seeks to cut out specialist funds and banks
2016 year of Tech start Future is VERY BRIGHT from London to New York
How BlockChain may solve fraud in Real Estate property industry #CRE
Brexit ,purplebricks.com investor, impacts on the property market overall and on aggregate consumption in the economy will be limited.
Harper Lee, Author of 'To Kill a Mockingbird,' Dies at 89
Scotlands House prices rise and sales grow ros.gov.uk
I was here til 5 ' o clock this morning , as I've said I'll only do a deal , if we get what Britain needs, European Council meeting, on 18 February 2016, in Brussels.
Why UK Property Online Real Estate Agents really do have billon pound start up potential Says GOOGLE
Brick-And-Mortar Crumbling? Don't Believe It > Forbes > Leadership
fourth quarter 2015: First-time buyers took out 87,100 loans to purchase homes. + house prices in UK
German Apartments in the big cities continue to show the biggest property overvaluations
Spanish house prices 2015 see rise highest rise 2007 crash , stabilisation of housing market, idealista.com