49% of homebuyers moved outside their local authority area, with 21% relocating to a new region or home nation of the UK.

New research has found that the house-buying process takes 41% longer than people expect, averaging 124 days to exchange contracts.

23% of mortgage holders are making overpayments to reduce their mortgage term

Financial markets are expecting three Bank of England rate cuts by the end of the year.

Broker searches for remortgage products in Q1 2025 have risen by 34%, driven by the 1.8 million fixed-rate mortgages maturing this year.

Bridging rates have dropped from 5.53 times the cost of buy-to-let loans in Q4 2021 to just 2.44 times in Q4 2024.

Homeowners who roll onto a standard variable rate could pay £6,750 more over two years.

The lender has also made reductions of up to 0.24% on other selected buy-to-let products

60% of private rental homes in England and Wales are rated EPC D or below, meaning 1.6 million properties would need retrofitting annually to meet 2030 targets.

Properties in the South East are achieving only 95.6% of their original asking price, with 41% of listings undergoing price reductions.