Average mortgage rate lowest for nearly seven months

Guy Gittins, chief executive of Foxton’s, London’s biggest estate agent, told the BBC’s Today programme there had been a “huge movement in confidence” late last year with the more new buyers registering compared to the same period in 2023. “I think the prices that we’re achieving at the moment in the UK are relatively steady, but what we will see is a lot more movement in the market and many more transactions,” he added.