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After six months of decline, mortgage rates have nudged upward, and surprisingly, buyer activity has gone up with them. According to data from the Bank of England, mortgage approvals for home purchases rose by 2,400 in May to reach 63,000 approvals. Remortgage approvals also jumped by 6,200, while borrowing on mortgage debt rose by £2.8bn.
Property fall-throughs cost homeowners time, stress, and thousands in wasted fees. Discover the hidden causes — and how The Avenue’s approach protects your move.
This month’s Rightmove House Price Index brings a clear message: sellers are getting serious—and that’s good news for buyers and sellers alike.
With mortgage rates predicted to fall over the coming months, buyers and sellers have a rare opportunity. Here’s what this means for your next move — and how to plan strategically.