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Category: Residential

  • Michael Brown Joins April Mortgages as Head of Business Development

    Michael Brown Joins April Mortgages as Head of Business Development

    April Mortgages has announced the appointment of Michael Brown as its new head of business development. Brown, who previously served as the business development director at Paradigm Mortgage Services for four years, brings a wealth of experience to the role. His extensive background in the mortgage industry includes positions at Skipton Building Society and Mortgage Advice Bureau (MAB).

    Michael Brown’s Vision for April Mortgages

    Rachael Hunnisett, director of mortgage distribution at April Mortgages, expressed her enthusiasm for Brown’s arrival, stating that his reputation makes him a “natural fit” for the lender. Hunnisett remarked, “Some may say I have an unrealistically ambitious vision for April and everything we can achieve to make mortgages better for modern families.” This sentiment reflects the company’s commitment to innovation and customer-centric solutions in the mortgage market.

    Brown’s Strategic Focus

    In his new role, Brown aims to enhance April Mortgages’ proposition by fostering strategic partnerships that will support brokers and ensure positive customer outcomes. He commented, “April’s commitment to long-term, advice-led lending is what makes this opportunity so compelling. My role is to make sure we grow that proposition in a considered way, working with the right partners to build a high-quality distribution model that supports brokers, protects customer outcomes and reinforces April’s focus on long-term certainty and peace of mind.” This approach is particularly relevant given the current economic climate, where the UK base rate stands at 3.75% as of April 2026.

    Impact on the Mortgage Market

    Brown’s appointment comes at a time when the mortgage sector is navigating challenges such as rising interest rates and changing consumer expectations. His experience in business development is expected to drive April Mortgages’ efforts in creating tailored mortgage solutions that resonate with modern families. As the market evolves, lenders like April Mortgages are increasingly focused on providing advice-led services to ensure that borrowers can make informed decisions.

    For prospective homeowners, this could mean more accessible mortgage options that prioritize long-term stability and customer satisfaction. With the current base rate at 3.75%, borrowers should stay informed about current mortgage rates to make the best financial decisions.

    Conclusion

    As April Mortgages welcomes Michael Brown, the company’s vision for a more customer-focused mortgage experience may reshape how families approach home financing. Brown’s leadership is poised to enhance the lender’s offerings, making it a significant player in the evolving UK mortgage landscape.

  • Savills Reports Surge in Former Rental Homes for Sale

    Savills Reports Surge in Former Rental Homes for Sale

    According to a recent report by Savills, approximately 700 former rental properties are being listed for sale each day, marking a significant increase in the number of previously let homes entering the market. This trend reflects a 9% rise compared to the same period last year and a notable 28% increase from 2024.

    London Leads the Trend

    The data reveals that the trend is particularly pronounced in London, where former rental properties now constitute 30% of all new sale instructions. In contrast, this figure drops to just 13% across the rest of the UK. This shift indicates a potential change in the dynamics of the housing market, particularly in urban areas where rental demand has traditionally been high.

    Impact on Rental Supply

    Insights from Investec highlight that nearly half (49.9%) of all homes listed for sale in London during the first quarter of 2025 had previously been rental properties within the last three years. This is a significant increase from 32.4% in Q1 2024. The data suggests a potential decline in rental supply, as only one in ten properties purchased in Q2 and Q3 were subsequently re-let. As fixed-term contracts come to an end, landlords may find rental income less predictable, prompting some tenants to seek longer tenancies for greater stability.

    Landlords and Market Dynamics

    Interestingly, Savills found that 14% of the former rental homes listed for sale were bought by other landlords, thereby keeping these properties within the private rental sector. This could indicate a strategic move by landlords to consolidate their portfolios amidst changing market conditions.

    As the UK base rate stands at 3.75% as of April 2026, potential buyers and investors should consider how these shifts in the rental market might influence mortgage decisions. For those looking to purchase properties that were previously rentals, understanding the current mortgage landscape is crucial. For more information, check out our current mortgage rates.

    Conclusion

    The increase in former rental homes being listed for sale could have far-reaching implications for both the housing market and rental supply. As landlords navigate these changes, prospective buyers may find opportunities in the evolving landscape.

  • UK Mortgage News: Rising Costs and Rental Market Trends

    UK Mortgage News: Rising Costs and Rental Market Trends

    This week in UK mortgage news highlights significant trends affecting both homebuyers and landlords. Notably, research indicates that around 700 former rental properties are being listed for sale daily, driven by increasing pressures on buy-to-let landlords. Additionally, homeowners could see their mortgage costs rise by over £3,000 annually due to inflationary pressures.

    Former Rental Homes Flooding the Market

    According to a recent study by Savills, approximately 700 homes that were previously rented are now being put up for sale each day across Great Britain. This trend is largely attributed to the mounting challenges faced by buy-to-let landlords, including rising mortgage costs, stricter regulations, and the impending Renters’ Rights Act. As landlords reassess their portfolios, many are opting to sell rather than continue to navigate the increasingly complex rental landscape.

    The pressure on landlords is compounded by the rising costs of maintenance and compliance with new regulations, which can significantly cut into profit margins. Many landlords are finding that the financial viability of their rental properties is diminishing, prompting a shift towards selling. This influx of properties onto the market could lead to increased competition among sellers, potentially affecting property prices.

    Impact of Inflation on Mortgage Costs

    New analysis from Moneyfacts reveals that homeowners may face substantial increases in mortgage payments, potentially exceeding £3,000 per year. This surge is linked to anticipated inflation driven by ongoing global conflicts and escalating energy prices. The Bank of England’s worst-case scenario suggests a sharp rise in interest rates, which would significantly elevate mortgage repayments and further strain borrowers’ affordability. Homeowners should prepare for potential financial adjustments as these economic factors unfold.

    As interest rates rise, those on variable-rate mortgages will feel the impact most acutely, with their monthly payments increasing as lenders adjust rates in response to the Bank of England’s decisions. Fixed-rate borrowers may initially be insulated from these changes, but as their terms expire, they could face significantly higher rates when remortgaging.

    Changing Dynamics in the Rental Market

    In a notable shift, Rightmove reports that renting has become cheaper than buying for the first time since June 2025. Rising mortgage rates have pushed average monthly repayments above rental costs, making renting a more financially viable option for many. This trend may influence potential homebuyers to reconsider their purchasing plans, particularly in the face of rising interest rates.

    Market Harborough Building Society has also responded to the evolving mortgage landscape by expanding its mortgage team with the appointment of two specialist business development managers. This move aims to enhance their offerings and support clients in navigating the current market conditions.

    As landlords continue to adapt, a recent study from Foundation indicates that 84% of landlords are still turning a profit, with average rental yields rising to 6.5%. Despite the pressures from regulatory changes and rising costs, many landlords remain optimistic about their investments.

    In response to the fluctuating mortgage market, lenders are adjusting their pricing strategies. Principality Building Society has announced rate increases of up to 15 basis points across various products, while other lenders like Rely and Vida have temporarily withdrawn buy-to-let products for repricing. This ongoing volatility underscores the need for borrowers to stay informed about current mortgage rates and available options.

    Conclusion

    The UK mortgage and property market is undergoing significant changes, with rising costs and shifting rental dynamics impacting both landlords and potential homebuyers. Staying informed about these trends is crucial for making sound financial decisions in this evolving landscape.

  • The Tipton Launches Innovative Online Mortgage Portal

    The Tipton Launches Innovative Online Mortgage Portal

    The Tipton has unveiled a new online mortgage portal designed to enhance the experience for brokers and streamline the application process. By adopting the Mast origin platform, the lender aims to modernise its mortgage offerings and improve underwriting efficiency, addressing a growing demand for quicker and more transparent mortgage solutions.

    Transforming the Mortgage Process

    With the introduction of the Mast platform, The Tipton has overhauled its mortgage proposition, making it easier for brokers to conduct business. Jason Newsway, the chief commercial officer, stated, “Through Mast, we’ve been able to completely transform and modernise our mortgage proposition, overhauling the associated processes so it’s easier for brokers to do business with us.” This significant upgrade allows The Tipton to respond to enquiries more swiftly and bring new products to market at an accelerated pace, which is crucial in today’s fast-paced lending environment.

    Impact on Brokers and Borrowers

    The new portal is expected to have a positive impact not just on brokers but also on potential borrowers. By streamlining the application process and improving communication, The Tipton aims to reduce the time it takes for applications to be processed. This could lead to quicker mortgage approvals, which is particularly beneficial in a competitive housing market where timely decisions can make a significant difference. For example, a borrower looking to secure a buy-to-let property may find that a faster application process allows them to act quickly, potentially securing a better deal.

    Performance and Future Prospects

    Earlier this year, The Tipton reported a robust performance with £107 million in gross mortgage lending completed last year. The launch of the online portal is a strategic move to build on this momentum and cater to the evolving needs of both brokers and borrowers. As the UK base rate stands at 3.75% (as of April 2026), the enhancements in service delivery could attract more clients looking for competitive mortgage options. Furthermore, as the housing market continues to recover, lenders that invest in technology and customer service are likely to gain a competitive edge.

    The Role of Technology in Modern Lending

    The integration of technology in the mortgage industry is transforming how lenders operate and how borrowers interact with them. Online portals like the one launched by The Tipton not only enhance efficiency but also provide transparency and ease of access to information. This shift towards digital solutions is becoming increasingly important as more consumers seek online services for their financial needs. The Tipton’s investment in the Mast platform reflects a broader trend in the industry, where technology is leveraged to improve customer experience and operational efficiency.

    For those interested in exploring mortgage options, it’s advisable to stay updated on current mortgage rates to make informed decisions.

    As The Tipton continues to innovate, its commitment to improving the mortgage experience is clear. The integration of technology in the lending process is a trend that is likely to shape the future of the mortgage industry.

  • Mortgage Strategy Announces Judging Panel for 2026 Awards

    Mortgage Strategy Announces Judging Panel for 2026 Awards

    Mortgage Strategy has unveiled its esteemed judging panel for the upcoming Mortgage Strategy Specialist Lending Awards 2026, in collaboration with Black & White Bridging. This panel comprises leading figures from various sectors of the mortgage industry, ensuring a comprehensive evaluation of the entries.

    Meet the Judging Panel

    The judging panel features a diverse range of professionals with extensive experience in the mortgage sector. Notable judges include:

    • Paul Adams, Sales Director at Pepper Money
    • Claire Askham, Head of Mortgage Sales at Buckinghamshire Building Society
    • Jane Benjamin, Director of Mortgages at Connect for Intermediaries
    • Beverley Bradford, Head of TSB Mortgage Intermediaries
    • Stephanie Charman, Chief Executive of the Association of Mortgage Intermediaries
    • Jon Cooper, Director of Property Distribution at Aldermore
    • Darren Deacon, Head of Intermediary Sales at Family Building Society
    • Richard Deacon, Managing Director of Sales at Octane Capital
    • Kate Fuller, Business Principle at Mortgage Advice Bureau
    • Elizabeth Harris, Regulatory Director at Rockstone Compliance
    • Dale Jannels, Chief Executive at OMS
    • Vikki Jefferies, Market Development Director for Retail Distribution at L&G
    • Rob Lankey, National Sales Director at Afin Bank
    • Phil Leivesley, Director of Mortgages at LDN Finance
    • Gareth Lewis, Deputy Chief Executive at MT Finance Group
    • Rachel Lummis, Mortgage Advisor at Xpress Mortgages
    • Nicholas Mendes, Mortgage Technical Manager & Head of Marketing at John Charcol
    • Andrew Montlake, Chief Executive at Coreco
    • Roger Morris, Group Distribution Director at CHL Mortgages and ModaMortgages
    • Sam O’Neill, Bridging Finance Consultant at KIS Finance & The Bridging Finance Consultancy
    • Nathan Reilly, Chief Customer Officer at Twenty7tec
    • Jonathan Samuels, Chief Executive at Octane Capital
    • Liz Syms, Chief Executive at Connect for Intermediaries
    • Buster Tolfree, Managing Director – Mortgages, BTL & Bridging at UTB
    • Maeve Ward, Intermediary Sales Director – Personal Finance at Together
    • Sally Wright, Head of Distribution at Paragon

    Impact on the Mortgage Sector

    The Mortgage Strategy Specialist Lending Awards serve as a significant benchmark within the industry, recognising excellence in various categories such as product innovation, customer service, and overall business performance. With the current UK base rate set at 3.75% as of April 2026, the awards highlight how lenders and intermediaries are adapting to changing market conditions, including rising interest rates and evolving customer needs.

    For instance, innovative products tailored for first-time buyers or those seeking to remortgage can be expected to gain recognition at the awards. As lenders strive to offer competitive rates and flexible terms amidst a challenging economic backdrop, the insights from this judging panel will be invaluable in shaping future lending practices.

    Looking Ahead

    The Mortgage Strategy Specialist Lending Awards 2026 will not only celebrate the achievements of industry leaders but also set the stage for future developments in the mortgage market. As the sector continues to evolve, the contributions of these judges will help illuminate best practices and inspire innovation.

    For those interested in the latest offerings, be sure to check out our current mortgage rates for the most competitive options available.

  • Mortgage Repayments Could Rise by £3,380 Amid Economic Uncertainty

    Mortgage Repayments Could Rise by £3,380 Amid Economic Uncertainty

    UK homeowners may face significant increases in mortgage repayments, potentially exceeding £3,000 annually, if the Bank of England’s worst-case scenario unfolds due to ongoing geopolitical tensions, particularly the conflict in Iran. As inflation and interest rates fluctuate, borrowers need to be aware of the potential impacts on their financial commitments. With many households already feeling the pinch from rising living costs, the prospect of higher mortgage bills adds another layer of financial strain.

    Understanding the Scenarios

    According to recent analysis from Moneyfacts, the outlook for mortgage repayments varies significantly based on different economic scenarios. In the most optimistic scenario, dubbed ‘Scenario A’, energy prices would ease rapidly, leading to inflation peaking at around 3.6% before falling below the target next year. In this case, mortgage rates could decrease slightly, resulting in an increase of between £150 and £1,050 in typical mortgage bills.

    However, the most likely outcome, referred to as ‘Scenario B’, suggests that energy prices will decline more slowly, with inflation peaking at 3.7%. Under these circumstances, average mortgage rates may rise to between 5.5% and 6%, pushing typical mortgage repayments up by £1,050 to £1,950 annually. This scenario reflects a more gradual recovery in the economy, but still poses challenges for borrowers.

    The Worst-Case Scenario

    The most concerning outlook, ‘Scenario C’, anticipates a prolonged period of elevated oil prices, keeping them above $120 per barrel. In this scenario, inflation could soar to 6.2%, prompting the Bank of England to raise the base rate to 5.25%. Consequently, average mortgage rates could reach as high as 6.75%, translating to an alarming increase of up to £3,380 in annual mortgage repayments for the average household. Such a drastic rise could severely impact disposable income, forcing many families to reconsider their spending habits and financial priorities.

    Advice for Borrowers

    In light of these potential increases, Nicholas Mendes, mortgage technical manager at John Charcol, advises borrowers to consider their options carefully. He suggests that staying with an existing lender might be the quickest and most efficient route for some homeowners, particularly those who may not qualify for better rates elsewhere. For those struggling to meet monthly payments, extending the mortgage term could alleviate immediate financial pressure, although this should be approached with caution as it may increase the total interest paid over the life of the loan.

    Furthermore, Mendes warns borrowers planning to remortgage to avoid taking on new credit before applying, as this could complicate the process and affect credit scores. Homeowners are encouraged to use tools like the mortgage calculator to assess their financial situation and plan accordingly. It’s also advisable for borrowers to stay informed about market trends and interest rate forecasts, as these can significantly influence mortgage options.

    As the economic landscape continues to shift, understanding these scenarios and their implications on mortgage repayments is crucial for homeowners across the UK. The current environment underscores the importance of financial literacy and proactive planning, especially for those with variable-rate mortgages who may be more vulnerable to rate hikes.

    Practical Example

    For instance, a homeowner with a typical mortgage of £200,000 could see their annual repayments increase from approximately £10,000 to £13,380 if the worst-case scenario materializes. This stark increase underscores the importance of proactive financial planning in the current climate. Homeowners may need to explore options such as fixed-rate mortgages to safeguard against future rate increases.

  • Halifax Reports Minimal Change in House Prices for April 2026

    Halifax Reports Minimal Change in House Prices for April 2026

    According to the latest Halifax house price index, house prices in the UK remained almost unchanged in April, experiencing a slight decline of 0.1%. This follows a more substantial drop of 0.5% in March, indicating a period of relative stability amidst ongoing economic uncertainties. The average house price now stands at £299,313, down from £299,609 the previous month.

    Regional Variations in Property Prices

    Year-on-year growth in house prices has also slowed, dipping to 0.4% in April from 0.8% in March. The South East experienced the most significant annual decline, with prices falling by 2% to an average of £383,044. London also saw a decrease, with typical property values dropping by 1.4%, reflecting the challenges faced in these traditionally high-value markets.

    Conversely, Northern Ireland emerged as the region with the highest growth, with house prices rising by an impressive 7.6% over the past year. The North East of England also showed resilience, with a 4.5% increase in average property prices to £183,445. The North West and Scotland reported yearly growths of 3.4% and 4%, respectively, indicating a more robust performance in these areas.

    Market Sentiment and Economic Factors

    Amanda Bryden, head of mortgages at Halifax, highlighted that recent global developments have introduced a greater degree of uncertainty into the housing market. Despite this, Jason Tebb, president of OnTheMarket, noted that needs-driven buyers and sellers are remaining active, suggesting that those who postponed their plans last year are now eager to transact.

    The current UK base rate stands at 3.75% as of April 2026, which can impact mortgage affordability and buyer sentiment. Prospective homeowners should consider how these fluctuations in house prices and interest rates may affect their purchasing power.

    Implications for Buyers and Sellers

    For buyers, the slight decline in house prices may present an opportunity to enter the market, particularly in regions experiencing growth. However, the overall economic climate remains challenging, and potential buyers should carefully evaluate their financial situations, especially in light of the current mortgage rates. Sellers may need to adjust their expectations, particularly in areas where prices are falling.

    For those considering a mortgage, it is advisable to stay informed about current mortgage rates and consult with financial advisors to navigate these changing conditions effectively.

    As the market continues to evolve, understanding these dynamics will be crucial for both buyers and sellers.

  • Gatehouse Bank Joins The Right Mortgage Panel

    Gatehouse Bank Joins The Right Mortgage Panel

    The Right Mortgage & Protection Network (TRM) has announced an exciting addition to its panel with Gatehouse Bank, effective from 8 May 2026. This partnership will enable TRM advisers to offer Gatehouse Bank’s Shariah-compliant home finance products, which include both residential Home Purchase Plans (HPP) and buy-to-let options.

    Shariah-Compliant Financing Options

    Gatehouse Bank’s HPPs operate on a rental payment model, distinguishing them from traditional interest-based lending. This structure is particularly beneficial for clients seeking ethical financing solutions. The bank caters to a diverse clientele, including UK residents, expats, and international buyers, providing tailored finance solutions across both residential and buy-to-let markets.

    Enhanced Support for Advisers

    Victoria Clark, head of lending at TRM, expressed enthusiasm about the new partnership, highlighting the importance of expanding the range of specialist finance options available to advisers. As client needs evolve, Gatehouse Bank’s unique proposition of ethical finance and flexibility will enhance the support TRM members can offer, particularly for those looking to place Shariah-compliant business.

    Practical Impact on the Market

    With the current UK base rate at 3.75% as of April 2026, the addition of Gatehouse Bank’s products could provide a competitive edge for advisers working with clients who prefer Shariah-compliant options. For instance, a first-time buyer looking for a home in London might find Gatehouse’s HPPs a viable alternative, allowing them to avoid conventional interest payments while still entering the property market.

    This collaboration not only broadens the options available to advisers but also meets the growing demand for ethical financial products in the UK mortgage landscape.

    FAQs

    • What types of products does Gatehouse Bank offer? Gatehouse Bank offers Shariah-compliant home finance products, including residential Home Purchase Plans and buy-to-let options.
    • How does a Home Purchase Plan work? A Home Purchase Plan operates on a rental payment model, allowing clients to finance their homes without traditional interest-based lending.

  • Mortgage Affordability in UK: A Detailed Analysis for 2026

    Mortgage Affordability in UK: A Detailed Analysis for 2026

    UK homebuyers are currently spending an average of 21.2% of their gross income on mortgage payments, the highest level since 2008. However, in certain areas, affordability is even tighter, with North Norfolk and the London Borough of Hillingdon leading the pack at 25.7% and 25.1% respectively.

    Understanding the Numbers

    Scenario 1: First-Time Buyer

    Consider a first-time buyer in North Norfolk, planning to buy a property worth £250,000 at 90% LTV. With the current base rate of 3.75%, their monthly payment would be approximately £1,158. If they were earning the UK median gross monthly income of £2,208, this would mean they are spending 52.4% of their income on mortgage repayments. This is significantly higher than the national average of 21.2% and illustrates the affordability challenge for first-time buyers in high-cost areas.

    Scenario 2: Remortgager

    Now, let’s consider a remortgager in the London Borough of Hillingdon, with a £300,000 mortgage at 80% LTV. Their monthly payment would be approximately £1,390. If they were earning the London median gross monthly income of £2,639, this would mean they are spending 52.7% of their income on mortgage repayments. This scenario highlights the impact of the current base rate on remortgagers, particularly in areas with high property values.

    Scenario 3: Landlord on Interest-Only

    Finally, let’s look at a landlord with a £200,000 interest-only BTL mortgage. Their monthly cost would be approximately £625. This demonstrates that, despite the high base rate, landlords with interest-only mortgages may still find their payments manageable, particularly if they have a good rental yield.

    Market Context

    Compared to a year ago, when the base rate was 3.25%, the current rate of 3.75% has significantly impacted mortgage affordability. This increase in the Bank of England base rate has led to higher mortgage payments for homeowners, particularly in areas like North Norfolk and Hillingdon. It’s important to note that these figures are averages and individual circumstances will vary. However, they provide a useful snapshot of the current state of mortgage affordability in the UK.

    Regional Differences

    While the national average for mortgage affordability sits at 21.2%, there are stark regional differences. For instance, homeowners in South Hams, Devon, spend just 5% of their income on mortgage payments, while those in Cambridge, East Anglia, and the Derbyshire Dales spend slightly more at 5.3%. These figures highlight the disparity in mortgage affordability across different regions in the UK.

    Frequently Asked Questions

    What is the UK location with the highest mortgage affordability?

    North Norfolk in East Anglia has the highest mortgage affordability, with homeowners typically paying 25.7% of their income on their mortgage.

    What is the current UK base rate?

    The current UK base rate, as of April 2026, is 3.75%.

    What is the average percentage of income spent on mortgage payments in the UK?

    Across the UK, homebuyers spend on average just over a fifth – 21.2% – of their gross income on mortgage payments.

    Which areas have the lowest mortgage affordability?

    The areas with the lowest mortgage affordability are scattered across England, including South Hams in Devon (5%), Cambridge in East Anglia (5.3%), the Derbyshire Dales (5.3%) and Rutland (5.4%).

  • Zoopla House Price Index: What UK House Price Inflation Means for Mortgages in 2026

    Zoopla House Price Index: What UK House Price Inflation Means for Mortgages in 2026

    As of April 2026, Zoopla’s house price index reveals a steady UK house price inflation rate of 1.3%, down from 1.8% a year ago. The average price of a UK home now stands at £271,700. This article examines the implications of these figures for homeowners and potential buyers, with a focus on the North East, the North West, Scotland and Northern Ireland, which are currently leading in terms of house price growth.

    Regional House Price Trends

    North East and North West

    The North East has seen a 3.2% increase YoY, closely followed by the North West at 3.1%. Cities such as Liverpool are experiencing strong price growth, with an increase of 4.5% YoY. For instance, a homeowner in Liverpool with a £200,000 repayment mortgage at 75% LTV would see an increase in their property’s value by £9,000 over the year, potentially impacting their loan-to-value ratio and remortgage prospects.

    Scotland and Northern Ireland

    Scotland has seen a 2.6% increase in house prices, while Northern Ireland leads the UK with a 6.7% increase. This means, for a first-time buyer in Northern Ireland purchasing a property at the average price of £150,000 with a 90% LTV, the property value would have increased by £10,050 over the year, which could affect affordability calculations and deposit requirements.

    House Price Trends in London and the South

    London and the South East

    London and the South East are both seeing prices fall marginally at -0.2%. For example, a homeowner in London with a £500,000 residential mortgage may see a decrease in their property’s value by £1,000 over the year, which could affect their equity position and remortgage options.

    South West

    The South West is barely in positive territory with a 0.1% increase in house prices. This marginal increase means that a homeowner in the South West with a £300,000 mortgage could see their property value increase by £300 over the year, which may have a minimal impact on their mortgage situation.

    Market Context

    These figures come amidst a backdrop of a 3.75% base rate set by the Bank of England, and an average time to sell a property increasing by just one day, indicating that activity has remained steady despite external pressures such as conflict in the Middle East and mortgage rate pressures.

    Frequently Asked Questions

    How has the UK house price inflation rate changed over the past year?

    The UK house price inflation rate has decreased from 1.8% a year ago to 1.3% as of April 2026.

    Which regions in the UK are seeing the strongest house price growth?

    The North East, North West, Scotland and Northern Ireland are currently seeing the strongest house price growth, with Northern Ireland leading at 6.7%.

    How are house prices changing in London and the South?

    London and the South East are seeing a marginal fall in house prices at -0.2%, while the South West has seen a minimal increase of 0.1%.

    What is the current base rate and how does it affect me?

    The current base rate set by the Bank of England is 3.75%. This rate can influence the interest rates offered by lenders, potentially affecting the cost of your mortgage.