Blog

First Interest Rate Cut Since 2020: What It Means for Mortgages

Posted on Thursday, 1 August, 2024

The Bank of England (BoE) has announced it will lower the Base Rate to 5% this month, marking a 0.25% reduction and the first cut in four years. The Base Rate had been steady at 5.25% since August 2023, following 14 consecutive increases. The Bank had been raising and maintaining…

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Exploring the Latest Mortgage Rates in the UK

Posted on Monday, 6 May, 2024

For those contemplating purchasing a home, the current mortgage rates in the UK are a pertinent consideration. Mortgage lenders regularly adjust the rates of their products. Consequently, we provide weekly updates on average mortgage rates, allowing for easy comparison with the previous week’s figures. Moreover, you can assess rates across…

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Christmas opening hours

Posted on Saturday, 9 December, 2023

From all of us at Lakin & Co, we wish you a happy Christmas and New Year! 🎄🎁🎅 Please find our opening hours over Christmas.

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Predicting House Prices: Anticipated Trends in Asking Prices for 2024

Posted on Monday, 4 December, 2023

Average mortgage rates have been steadily decreasing since July, providing a more stable and predictable environment for homebuyers compared to the volatility of the previous year’s mortgage market. Currently, the average two-year fixed rate stands at 5.52%, and the average five-year rate is 5.11%. Despite the improved outlook for mortgage…

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House Price Index – November 2023

Posted on Monday, 13 November, 2023

The year has exceeded expectations, with sellers adopting more competitive pricing strategies. The average property asking price is now £362,143 and the average rent £1,231 PCM The current year is surpassing expectations, with sellers adopting more competitive pricing strategies. This month, average new seller asking prices have decreased by 1.7%…

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Halifax Reports a 1.1% Rise in UK Housing Prices for October

Posted on Tuesday, 7 November, 2023

The UK’s average house prices broke a streak of six consecutive monthly declines in October, witnessing an increase of nearly £3,000 compared to September’s values, as the cost of a typical home rose. The latest data unveiled by Halifax has reported an unexpected surge in average housing prices for the…

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Roughly a Third of Landlords Have Expansion Plans for Their Portfolios

Posted on Friday, 27 October, 2023

In the latest survey by Landbay, 32% of buy-to-let landlords participating in the study expressed their intention to purchase property within the next year. In spite of consistently elevated interest rates and an atmosphere of uncertainty regarding the government’s long-term intentions for the rental sector, Landbay’s most recent survey reveals…

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