The Bank of England has kept interest rates at 4%, their lowest since early 2023, helping to keep borrowing costs steadier for now.
Last month saw a slight cooling in house price growth, with Nationwide reporting a slowdown to 2.1% annually. While prices remain high, the pace has eased, giving some buyers a chance to catch up. On the mortgage side, lenders continue to compete hard for first time buyers – with more low-deposit deals and even 98% mortgages making headlines.
Meanwhile, ministers are in talks to ease lending rules to help more people buy, and potential tax changes could shake up the way property is bought and sold in future.
With continuing volatility in the mortgage market, it is critical you speak to our experienced adviser team who will have access to the very latest rates from lenders so will be able to recommend the best deals for your personal needs. Call us on 0207 090 7290 or email us on info@censeo-financial.com
First Time Buyer is an exciting bi-monthly glossy which takes a stylish and comprehensive look at all the options available, setting them out in an entertaining and informative way, and helping potential customers navigate their way through what is often a daunting and complex process. We dispel the myths, reinforce the facts and arm the reader with the tools necessary to make their homeownership dreams a reality.
