Base Rate Held – Positive News?
The Bank of England have held the base rate at 4%, but this could prove to be a real positive move for the property market. Data from the UK lending market suggests a renewed burst of competitive momentum – for both homebuyers and those looking to re-mortgage in the wake of the Bank of England’s […]
Read moreUK Mortgage Approvals Hit Nine-Month High
The latest figures from the Bank of England show that mortgage approvals across the UK have climbed to their highest level in nine months, a strong indication that confidence is returning to the housing market. In September, 65,900 new mortgage approvals were granted for home purchases, marking the biggest monthly rise since December. Despite uncertainty […]
Read moreWhat the Renters’ Rights Bill Means For Landlords And Tenants
The government’s long-awaited Renters’ Rights Bill is now one step closer to becoming law, with the legislation moving towards Royal Assent following its passage through the House of Lords. This landmark bill aims to deliver one of the biggest shake-ups of the private rented sector in decades, impacting both landlords and tenants across England. 🔷 […]
Read moreCould A New Government Proposal Save First-Time Buyers Over £700?
A new proposal from the Department for Levelling Up, Housing and Communities has caught the attention of estate agents, buyers and sellers across the UK. It could mean big savings and a smoother experience for those looking to get on the property ladder. According to early reports, proposed changes to the home-buying process could result […]
Read moreNationwide Report Suggests UK House Prices Are On The Rise
According to the latest Nationwide House Price Index, UK house prices increased by 0.5% in September, with the annual rate of growth now sitting at 2.2%. It’s a positive sign that could help boost an already thriving property market. Here at Hannells, we’ve just recorded our second-best month ever for sales, a clear indication that […]
Read moreNew 98% Mortgage Launch Brings Fresh Hope for First-Time Buyers
A promising development in the UK mortgage market could open new doors for would be homeowners, including those in Derby. 🔷 The Big Change: Newcastle’s “First Step” 98% Mortgage Newcastle Building Society has introduced a mortgage product aimed squarely at first time buyers, offering up to 98% loan to value (LTV) for properties priced between […]
Read moreNationwide’s rate cut delivers fresh momentum for homebuyers and movers
In a welcome move for UK borrowers, Nationwide Building Society has once again trimmed its mortgage rates, pushing a new two-year fixed rate as low as 3.81% for home movers… 🔷 What Nationwide is offering Home movers (new and existing customers) can now access 2-year fixed rate deals at 3.81% (60% LTV, £1,499 fee), down […]
Read moreUK Buy-to-Let Borrowing Costs Fall to Three-Year Low
Good news for landlords: borrowing costs for buy-to-let (BTL) mortgages have dipped to their lowest levels since 2022, providing some welcome relief after a difficult period for rental investors. The average 2-year fixed rate now stands at 4.88%, while 5-year deals are hovering around 5.21%, down from 5.35% and 5.33% a year ago, respectively… This […]
Read moreMortgage Approvals Climb to Six-Month High
There’s more encouraging news for the UK property market as new figures from the Bank of England show that mortgage approvals reached their highest level in six months during July 2025. According to the data, lenders approved 65,352 mortgages in July – the most since January and comfortably above economist forecasts of around 64,400 approvals. […]
Read moreUK Property Transactions Reach Three-Year Peak: What It Means for Derby
Some welcome news for the property sector: the number of UK residential transactions in the first half of 2025 has surged to a three-year high, reflecting renewed confidence and steady momentum in the market. And here in Derby and Derbyshire, we’re seeing that same positivity play out across local suburbs and villages. 🔷 Strong Activity […]
Read moreAverage Five-Year Mortgage Rate Hits A Two-Year Low
Some welcome news hit the headlines today: for the first time since May 2023, the average five-year fixed mortgage rate in the UK has fallen below 5%, landing at around 4.99%. Even more surprising, the average two-year fixed rate is now slightly lower at 4.97%, a reversal of the usual trend where shorter terms often […]
Read moreConditional Selling in Estate Agency: What You Need to Know
You may have recently seen the BBC Panorama documentary, Undercover Estate Agent, which shone a spotlight on some controversial practices within the industry. The programme followed an undercover reporter who worked inside Connells – one of the UK’s largest estate agency groups, whose brands include Ashley Adams, Bairstow Eves, Bagshaws Residential, and Hall & Benson […]
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