Estate Agent Today provides daily industry, Estate Agency, Property Market, Housing, Moving Home and Online Estate Agent News updates for the UK's letting agent community.

5 days ago · Newcastle Building Society is to reduce its mortgage Standard Variable Rate by 0.19% to 6.75%, with effect from April 1. The change affects residential, self-build and BTL customers with products linked to the lender’s SVR, on properties in England, Scotland, Wales and Northern Ireland, resulting in lower mortgage repayments for SVR borrowers.

5 days ago · More lenders slice rates in bid to woo customers; Rate cut from April 1 across range of lender’s products; House price growth slows ahead of property tax rises

Mar 19, 2025 · More lenders are cutting rates right up to today, the eve of the Bank of England’s next base rate decision. Accord Mortgages is making cuts across to its buy to let product range this week by up to 0.15%. These latest reductions from the intermediary-only lender include a discount of as much as 0.

Mar 19, 2025 · Here is today’s latest news from the world of mortgages and introducers. Join the debate by leaving a comment below a story. Remember, you will need to be logged-in to do this.

It’s been another busy week so far for lenders cutting rates to woo customers. From today HSBC has made changes to its residential and buy-to-let (BTL) mortgage products.. A new two- and five-year fixed Buy To Let product is now available at 80% LTV across its purchase, remortgage and existing customer range, which is for A, B and C energy performance certificate rated properties only.

This move follows the Bank of England’s Monetary Policy Committee’s decision to reduce the base rate by 0.25% to 4.5%, reflecting a broader industry trend of rate reductions.

The mortgage sector has reacted positively to the latest house price data. The Halifax says UK house prices finished 2024 up 3.3% over the past year, with the average house price now at £297,166.

First-time buyer trends. A 20% increase in first-time buyers seeking our help this year;; Over half (50.8%) of these buyers were aged between 25 and 34;; Surprisingly 1 in 20 (5%) of first-time buyers were aged between 51 and 64;; The average deposit for first-time buyers decreased by 6.1% to £54,894, while loan amounts rose by 5.8% to £221,309; However, the average mortgage term increased ...

Mar 17, 2025 · A £22.3 billion increase in spending on house purchases in 2024 was driven by a £24.3 billion increase in the use of mortgage debt. This was a rise of 18.1% according to property consultancy Savills, which drew up the analysis.