Articles
House prices fall for 5th month
Average UK house prices have decreased for the fifth straight month in January. The average price of a UK house in January was £258,297, which is a decrease of 0.6% compared to December 2022. The recent housing market slump comes off the back of an unprecedented price rise during the COVID pandemic.
UK inflation falls – What does it mean?
The UK’s rate of inflation decreased slightly from 10.7% in November 2022 to 10.5% in December 2022. But what does this really mean and will the cost of living get cheaper as a result?
What if I can’t afford my mortgage payments?
Missing multiple mortgage repayments can lead to your home being repossessed. But taking action early will ensure you avoid losing your home. We discuss some of your options when you’re struggling to pay your mortgage.
Top tips to reduce living costs
The average British household is facing another “heat or eat” period with energy bills soaring and Reuters reporting that fresh food has increased 15% over the last 12 months from December 2022. If you’re one of the households struggling right now, you might want to know about these top tips to reduce living costs.
Housing market heading for a downturn
The Office of Budget Responsibility (OBR) has forecast that UK house prices will decrease by 9% between the end of 2022 and September 2024. The OBR also predicted that house prices will begin to bounce back with 2.1% growth in 2025. So, how did we get here and why is the UK property market heading for a record slump?
