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Mortgage costs could rise as cheap funding tap turned off..

The Bank of England is expected to hold interest rates this week – but savings rates and the costs of mortgages could rise anyway as a cheap source of bank funding is cut off. More than £106bn has been injected into banks from the Term Funding Scheme (TFS), set up 18 months ago to force them to […]

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First-time buyers ‘at 11-year high’..

More first-time buyers took out mortgages in 2017 than in any year since the financial crisis. There were 365,000 first-time buyers in the UK, the highest number since 2006 and an increase of 7.4% compared with 2016, UK Finance said. Yet this growth is expected to cool in 2018, the lenders’ trade body said. The […]

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Bank of England hints at earlier and larger rate rises..

The Bank of England has indicated that the pace of interest rate increases could accelerate if the economy remains on its current track. Bank policymakers voted unanimously to keep interest rates on hold at 0.5% at their latest meeting. However, they said rates would need to rise “earlier” and by a “somewhat greater extent” than […]

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House prices fall for two months in a row, says Halifax..

House prices have fallen for the last two months running, according to the UK’s largest lender. The Halifax said prices fell by 0.6% in January, following December’s fall of 0.8%. It is the first time since the summer of 2016 that prices have declined in two consecutive months. However, on an annual basis the Halifax […]

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JP & Brimelow and St Ann’s Hospice..

A house valuation led to the start of a relationship between estate agents JP & Brimelow and St Ann’s Hospice which is today stronger than ever. The timing of that routine inquiry by a member of hospice staff about a personal property sale six years ago was ideal. JP & Brimelow were on the lookout […]

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Which types of home sell most often in South Manchester..

We think your ideal home says a lot about you. If the world were your oyster, would you go for something Victorian, Georgian, a duplex apartment, new build house, or maybe a farm? Given that we live in South Manchester, obviously our choices are somewhat limited by reality, but what are the hottest types of […]

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Coming up for West this February..

  January saw some ups – notably, the 3-2 win at home to Winsford United in front of 420 people, which put to bed our recent bad form – and some downs. February is set to be a crucial time for the club, as Steve Settle looks to banish the last vestiges of the dire […]

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Busy start to 2018 with increased home-hunter activity..

Early traffic data indicates a busy start to 2018, with Rightmove visits up by an average of over 9% so far in January compared to same period last year, averaging over 4 million visits per day Average price of property coming to market is up 0.7% (+£2,067) this month on Rightmove, tracking over 90% of […]

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Borrowers ignoring mortgage timebomb, says FCA..

Hundreds of thousands of homeowners could be at risk of losing their homes by ignoring how they will pay off their mortgage, a regulator has warned. Nearly one in five mortgage-holders has an interest-only home loan, meaning they would need savings or other funds to pay a final lump sum. The Financial Conduct Authority (FCA) […]

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LOCAL MARKET ROUND UP- Chorlton..

Over the last 12 full months there have been 427 sales in Chorlton. This is a –13% change on the previous 12 month period. The average sales price was £271,360.