With a significant surge in demand for homes that are chain-free, the UK property market is buzzing as buyers seek a speedy move to beat the looming stamp duty hike. A recent report by Zoopla highlights that 32% of homes currently on the market are listed as chain-free, a significant draw for those keen to finalise their purchase before the April deadline.

Are you on the mortgage deal that fits your current circumstances? In today’s ever-changing financial landscape, it’s easy for mortgage deals to become outdated before you know it, and increasingly important to be aware of what’s out there that could be of interest to you.

Tracker mortgages have gained significant traction in the UK housing market throughout 2024, with recent data showing a 67% surge in uptake compared to 2021. The appeal of these products stems from their flexible nature, offering interest rates that follow the Bank of England’s base rate, which has become especially attractive amidst ongoing economic uncertainty and fluctuating interest rates.

The Bank of England has announced that interest rates are to be reduced again, this time going down to 4.75%. This is the second reduction in interest rates in recent times, following a long period of interest rate rises, where they peaked at a 16-year high of 5.25%.

Chancellor Rachel Reeves has delivered Labour’s first Budget since 2010, after the party’s return to power in July’s general election. We wanted to provide you with a summary of the most notable points that were made in yesterday’s speech.