News and Blogs | MoneyQuest

11 April, 2025

The UK mortgage market bounced back strongly at the end of 2024, driven by first-time buyers and hom

First-time buyer mortgages rose 16.4% to 334,000 last year, while home movers increased by 14.7% to 288,000. Total home purchases reached 622,000, up 15.6% overall. Lower mortgage rates boosted demand

9 April, 2025

Owners of electrical vehicles (EVs) are advised to check their motor and home insurance policies as

An increasing number of motor insurers are providing cover for EV cables. While this is promising, it could cross over with your home insurance, leaving you in a double insurance trap if you need to m

7 April, 2025

Fixer-uppers are the most popular type of home among buyers this year*.

Analysis has found that nearly half (46%) of fixer-upper homes on the market are under offer or have sold subject to contract. Meanwhile, 37% of period properties on the market have found a buyer and

4 April, 2025

The UK economy may be slowly recovering but many Brits are still feeling the financial pressure, wit

Speak to your lender Don’t bury your head in the sand. Contact your lender as soon as you can, as they will usually contact you within 15 days of a missed payment anyway. Don’t be afraid of what t

2 April, 2025

In February, the Monetary Policy Committee (MPC) voted to reduce the Bank Rate to 4.5%. Despite this

In Q4 2024, inflation was 2.5% but is expected to rise to 3.7% by Q3 2025 due to rising energy costs. However, the MPC anticipates that, after this, inflation will return to the target of 2%. GDP grow

31 March, 2025

House prices returned to growth in 2024, as half of the UK’s housing stock increased in value by a

Last year, 15 million homes in the UK rose in price by at least 1%, with 6.9 million increasing by £10,000 or more. Nearly six million homes stayed at broadly the same price, with a minimal change of

28 March, 2025

Homeowners in the UK may have noticed that their home insurance premiums have significantly increase

Regional differences Some regions have been harder hit than others, with Londoners experiencing the biggest hike in their home insurance premiums**. For homeowners in the capital, the average home in

26 March, 2025

From 1 April, fewer than 1 in 10 homes will be Stamp Duty free for buyers*.

Stamp Duty thresholds are reverting to previous levels in April, so buyers will soon pay more tax on their house purchases. First-time buyers (FTBs) currently do not pay Stamp Duty on homes up to £42

24 March, 2025

Are you considering making mortgage overpayments? Here’s what to consider.

If you can afford it, there are many advantages to overpaying your mortgage, such as: Becoming a step closer to being mortgage-free Reducing the amount of interest you owe Lowering your loan-to-value

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