Homemovers take action during festive holidays: Rightmove

Homemovers take action during festive holidays: Rightmove

The period between Boxing Day and the start of 2022 was the busiest on record for Homemovers, says Rightmove.

Data from the firm shows that buyer demand was up 23% on a yearly basis, while the number of new sellers coming to market on Boxing Day jumped 21% across the same time period.

And Rightmove adds that Boxing Day saw the most activity ever on its website and apps.

“The increased number of new homes up for sale on Boxing Day compared to last year, signals a new group of sellers coming to market who have made it their New Year’s resolution to move in 2022,” says Rightmove director of property data Tim Bannister.

“This group may have held back last year due to the frantic market but are now seeing it as their time to take action,” he adds.

Additionally, the Rightmove data shows that 30 December saw the most requests for valuations from home sellers since May 2021. Read more from MoertgageStrategy.co.uk >

Don’t hesitate to contact Walker Beckett Mortgages today to discuss any aspect of house buying and selling. We would love to help. For more advice about mortgages, loans and insurance get in touch with us.

Disclaimer: Please be aware that by clicking on to the above links you are leaving Walker Beckett Mortgages website. Please note that Walker Beckett Mortgages nor HL Partnership Ltd are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

 
 
 
 
Interest rates: What are they and why do they matter?

Interest rates: What are they and why do they matter?

The Bank of England has voted to keep interest rates at the record low level of 0.1%, but has signalled they are likely to go up in the “coming months”.

Setting interest rates is one of the many ways the Bank tries to control the UK economy.

If interest rates rise, it can make borrowing more expensive – especially for homeowners with mortgages – but it can also give savers a better return.

Read more from this really useful BBC article >

If you would like any help with a mortgage please don’t hesitate to call us: 07834 882 006. Alternatively, you can send us a message >

Disclaimer: Please be aware that by clicking on to the above links you are leaving Walker Beckett Mortgages website. Please note that Walker Beckett Mortgages nor HL Partnership Ltd are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

 

 

Mortgage prices increase ahead of potential bank rate rise

Mortgage prices increase ahead of potential bank rate rise

Some of the nation’s biggest lenders have raised their mortgage rates in the past couple of weeks, and according to many in the industry, more could be coming soon.

Mortgage advice Retford, by Walker Beckett MortgagesThe Bank of England (BoE) has made no secret that it is weighing up a base rate rise early next year and, coupled with chancellor Rishi Sunak referring to the Office for Budget Responsibility forecasting 4% inflation next year, an end to this period of ultra-low rates could well seem inevitable.

The majority of people Mortgage Strategy spoke to had one idea in common: borrowers should be snapping up cheap rates now while they last. Read more from Mortgage Strategy article >

If you would like any help with a mortgage, loan or insurance, please don’t hesitate to call us: 07834 882 006. Alternatively, you can send us a message >

Disclaimer: Please be aware that by clicking on to the above links you are leaving Walker Beckett Mortgages website. Please note that Walker Beckett Mortgages nor HL Partnership Ltd are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

Pandemic fuels an increase in insurance claims relating to health

Pandemic fuels an increase in insurance claims relating to health

Figures released today from the Association of British Insurers and Group Risk Development show that a huge £6.2 billion has been paid out in life insurance, income protection and critical illness during 2020. This is the equivalent of £17 million per day, up 8% from 2019. This is also the highest combined figure on record.

Included within these claims is a rise in mental health claims, a rise of 2% in 2020. The impact of the pandemic on mental health has been significant. Another point of interest is that critical illness claims were down during 2020, compared to 2019 – perhaps due to fewer illnesses going undiagnosed during a time in which the focus was on Covid-19. This period of time has also demonstrated just how crucial the role is for financial support services and insurance providers, not just for lump sum payouts but also for rehabilitation support for return to work following illness and enhanced online medical consultations as examples.

Check out the full article from the Association of British Insurers, which offers further statistics and some handy definitions of insurance products as they relate to life and health issues.

If you would like any advice with your family insurance requirements, please don’t hesitate to call us: 07834 882 006. Alternatively, you can send us a message >

Disclaimer: Please be aware that by clicking on to the above links you are leaving Walker Beckett Mortgages website. Please note that Walker Beckett Mortgages nor HL Partnership Ltd are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.