We launch our Election guide. HSBC cuts mortgage rates. The average first-time buyer's mortgage now exceeds.

Housebuilder Pro launches General Election guide

This week we're delivering something a little different to our normal newsletter. We bring you our General Election guide. In this, we lay out the state of housebuilding, demographic pressures and manifesto pledges from major and small parties.

Check it out here

HSBC joins banks cutting mortgage rates

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Off the back of inflation falling to 2% it’s expected that the Bank of England will cut base rates of borrowing.

HSBC, along with Barclays and NatWest ahead of these cuts has reduced mortgage rate.

HSBC rate cuts are across 20 different projects. With a 90% LTV 2-year fixed-rate (￡999 fee) down by 0.05% to 3.09%

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The average first-time buyer’s mortgage is now over ￡1000 a month

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In a report from Rightmove, it's been found that since the last General Election first-time buyer mortgages have increased by 61% and now cost ￡1075 a month.

Back in 2019, the average first-time buyer’s mortgage was only ￡667.

For comparison, the average house price has only gone up by 19% in the same time.

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