This year will see better-than-expected mortgage lending

A large number of mortgage brokers across the UK have predicted an increase in mortgage lending throughout this year, contradicting official forecasts

Last year, when borrowers tightened their belts in response to fast rising living expenses, gross loans plummeted by 28% to £226 billion. But according to a recent TMA Club survey, one in five brokers predicted that total lending will exceed £251 billion this year. A further three out of five anticipate gross loans to reach between £220 and £250 billion this year.

Experts have noted that concerns over inflation are abating more quickly than the Bank of England had anticipated, and governor Andrew Bailey`s most recent comments hint that a base rate decrease may occur later in the year. The change that occurred in the first three months of this year has increased adviser involvement and borrower trust. Although lenders are undoubtedly pricing to capture market share, there are still challenges related to affordability, which is keeping activity high.

Remortgage activity is constant as credit conditions continue to improve, but there are mounting indications that the property market is strengthening as buyer demand increases. What is already evident in the UK property market was mirrored in the Bank of England`s Q1 Credit Conditions Survey. The state of credit is getting better. Both the quantity of mortgages available and the number of mortgage applications that are granted are rising.

The first quarter of this year saw no decline in mortgage pricing, but neither was there an increase either, and for the upcoming quarter, mortgage pricing is predicted to remain flat. This is good news for homebuyers and additional proof that the UK housing market has not entered a state of flux while we wait for a general election.

#property #mortgage #selling ...

Local family educational events near Rugby

Education is the kindly of a flame, not the filling of a vessel, so open your senses to some education events taking place in your local area in the coming weeks

Education is everything, especially to a young life, and it’s one of the few things in life that we cannot have too much of. More education the better, so why not add to your children’s positive development and attend such events in your local area in the coming days? We’ve found what we think are the best local family education-related events taking place in your local area in the not-too-distant future.

Duplo Club at Rugby Library
From Eventbrite:
Join us on the second Saturday of the month for Duplo activities for ages 2-5.
Date and time:
Sat, 13 Apr 2024 10:30 - 11:30 BST
Location:
Rugby Library and Information Centre, Little Elborow Street Rugby CV21 3BZ
https://www.eventbrite.co.uk/e/saturday-duplo-club-at-rugby-library-tickets-879390840677?aff=ebdssbdestsearch

Single week tickets. April May: - Toddler Trundle Ryton Pools
From Eventbrite:
Join us on Toddler Trundle Wednesdays for a light-hearted session with a little sprinkle of mud for fun!
Date and time:
Wed, 17 Apr 2024 10:00 - 11:00 BST
Location:
Ryton Rd Bubbenhall Coventry CV8 3BH
https://www.eventbrite.co.uk/e/single-week-tickets-april-may-toddler-trundle-ryton-pools-tickets-825114899877?aff=ebdssbdestsearch

#property #family #education #rugby ...

No garden? How to still embrace National Gardening Day

One may observe National Garden Day in a variety of imaginative and heartfelt ways even if they don`t have a typical garden area

Visit a Public Garden
Take a day to explore a park or public garden in your community. Botanical gardens and community green areas may be found in many cities, offering visitors the chance to take in stunning scenery, educate themselves about plants, and even take part in gardening tours or workshops.

Window Box or Container Gardening
Pots, containers, and window boxes can be used as makeshift gardens for people who don`t have a traditional garden. Patios, windowsills, and balconies may all experience the joys of gardening by planting flowers, herbs, or little vegetables in containers.

Community Gardening
Participate in a communal gardening initiative. There are public gardening areas in many neighbourhoods where locals may gather together to cultivate plants, exchange resources, and strengthen their feeling of community.

Indoor Gardening
Grow houseplants to bring the outside inside. Anything from simple potted plants to intricate indoor gardens or vertical plant walls can be considered indoor gardening. Indoor plants improve indoor air quality and general well-being in addition to being aesthetically pleasing.

Educational Activities
Seize the chance to increase your knowledge of nature and gardening. Take part in gardening classes, study books or articles about plants and gardening methods, or watch instructional videos online. Whether or whether one has a garden space, learning about plants and gardening may be entertaining and instructive.

Support Local Farmers Markets or Plant Nurseries
Show your support for your neighbourhood plant nurseries or farmers markets on National Garden Day. Acquire fresh fruit, flowers, or plants from nearby farmers and gardeners to support sustainable agriculture and the local economy.

#property #garden #nationalgardeningday ...