Home buyers are currently facing an annual increase of £4,300 on their mortgage repayments, rising to £7,500 in London.
Nic Hopkirk
Senior Editor
Nic is a lifestyle writer and editor who has written for the Evening Standard, Daily Mail, Time Inc and Marks & Spencer. A former managing editor for Microsoft, Nic ran the Lifestyle group of channels on MSN, covering content ranging from food and travel to fashion and beauty. She's acted as a consultant for Global Radio, a launch editor for boutique sites and began her career as a regional news journalist.
Latest articles by Nic Hopkirk
Seller discounts narrow in spring 2024 as more sales are agreed. Momentum is growing in the housing market and house prices don't need to fall further to support the continued recovery in sales.
9 in 10 homeowners who sold up in 2023 made 25% in profit, with the average seller of a £275,000 property earning £74,000. How much money did your home make?
National insurance cut from 10% to 8%, Child Benefit threshold raised to £60,000, fuel duty frozen and inflation on track to hit 2% target in the next quarter.
Buyers have a lot more choice when it comes to securing a home in 2024. More sellers are coming to market as mortgage rates are expected to plateau at 4% to 5%.
Buyers are back in market and demand is now 11% up on this time last year. This is good news for sellers, as the number of sales agreed climbs 15%.
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