Price falls for some food items like meat, crumpets and chocolate biscuits helped drive inflation down to its lowest level in two-and-a-half years. The rate consumer prices have been rising at fell to 3.2% in the year to March, down from 3.4% the month before, according to official figures. Inflation has been falling gradually since it peaked at 11.1% in l...

OnTheMarket president Jason Tebb has cautioned buyers against waiting for an interest rate cut and General Election before making a transaction decision. Tebb said that it is understandable that buyers may be waiting for inflation to fall further and the cost of borrowing to drop, but he warned there is a limited timeframe to transact before the General Election when there c...

The housing market enjoyed its best day so far this year last week with a bumper number of sellers taking the plunge, says Rightmove. It reveals that Thursday 28 March, the last working day before the Easter break, was the biggest single day for the number of new sellers coming to market. And it was the third biggest day for new listings since August 2020, with...

House prices fell in March for the first time in six months, according to the latest data from Halifax. The lender said prices dropped by 1% last month, with higher mortgage rates affecting affordability for prospective buyers. The average house price fell by about £2,900 to £288,430. However, Halifax said that house prices were still ahead of where they were...

Average UK house prices decreased 0.6% in the 12 months to January, to £282,000, representing an easing in the pace of decline, fresh data from the Office for National Statistics (ONS) showed yesterday. Meanwhile, private rents rose at their fastest annual pace last month since comparable records began in 2015, the figures revealed. The ONS reported a leap of 9% ov...

Propertymark says it is the 'ideal time' to cut interest rates as inflation falls to its lowest level in more than two years. Property agents are calling on the Bank of England to cut interest rates after the latest inflation figures showed a drop. Inflation fell to its lowest level in more than two years this morning at 3.4%, increasing the pressure on the Bank&rsq...

The Cotswold capital was praised for its 'stellar community spirit' and abundance of culture and sports facilities by the judges who determined what areas made it onto this year's Sunday Times Best Places to Live Guide.Although Sherborne in Dorset was named the overall regional winner, Cirencester was among the top of the pack alongside beautiful towns and villages such as...

The chancellor Jeremy Hunt has just concluded delivering his 2024 Budget. He also confirmed that the OBR’s forecast for UK economic growth remains broadly unchanged from what it forecast at last November’s Autumn Statement. Gross domestic product will be marginally higher this year at 0.8%. In 2027, the OBR projects that the economy will grow by 1.8% compared to N...

Happy 10th birthday to team Adkins Thanks to all our family, friends, and clients for being part of our amazing journey      

Nationwide reveals UK house prices rose by 0.7% in January but what happens to mortgage rates will be crucial for 2024. A wave of optimism swept across the housing market this morning ahead of tomorrow’s Bank of England interest rate decision after Nationwide reported UK house prices rose 0.7% in January. And the small rise led to in an improvement in the annual rate of...

Lenders are continuing to cut mortgage rates, with a string of new deals announced. The average two-year fixed homeowner mortgage rate yesterday fell to 5.62%, down from 5.66% on Monday, according to Moneyfacts, with further reductions anticipated in the coming days. The average five-year fixed homeowner mortgage rate on Tuesday morning was 5.24%, falling from 5.28% a day ear...

A surprise fall in inflation in November has raised hopes that the Bank of England will begin cutting interest rates sooner than expected. Inflation - the rate prices rise at - fell from 4.6% to 3.9% last month, the lowest for more than two years. The Bank has repeatedly increased rates to try to control inflation, driving up mortgage repayments for millio...

The Bank of England has decided to keep the base rate at the same level for the third review in a row.The Bank of England has decided to hold the base interest rate at 5.25% for the third consecutive review. The last review was November 2nd. The Bank’s Monetary Policy Committee (MPC) meets eight times a year to set interest rates. Its nine members vote on wheth...

House prices increased for the second consecutive month in November, according to Halifax. The lender’s latest House Price Index recorded monthly growth of 0.5% but said average values are still down annually by 1% albeit at a better rate than the previous 3.1% decline.The typical UK home now costs £283,615, around £1,300 more than last month, Halifax said....

Britain’s happiest places to live have been revealed by Rightmove, with Richmond in London claiming the number one spot this year. Winchester in Hampshire came second in the list of happiest areas to live. Monmouth in Wales is third, the first time an area from Wales has made the top three since 2018, and Galashiels is the happiest place to live in Scotland for a second...