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First-time purchasers are currently encountering the most challenging situation in the past 70 years

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According to a survey by the Building Societies Association (BSA), first-time buyers are currently experiencing the most challenging circumstances in 70 years when it comes to purchasing a property.

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UK Inflation Declines Due to a Decrease in some Food Costs

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The rate of inflation has decreased to its lowest point in two and a half years, mostly due to a significant slowdown in the increase of food prices. 

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House Prices Fall

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In a report issued by major bank Halifax, house prices fell in March for the first time in six months.

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Interest Rates Fall

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The inflation rate in the United Kingdom fell to 3.4% in February, the lowest level in nearly two and a half years.

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House Prices

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A report by Halifax Bank shows that house prices have risen to their highest levels in a year, coinciding with an ease in mortgage rates. 

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UK Interest Rates

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Today, we have heard that the Bank of England, a regulatory body of all Banks in the UK, will hold interest rates at 5.25%, with a decline in interest rates expected to come later in the year.