Weekly Wrap – 7th February 2025

Introducing this Friday’s Weekly Wrap, where we bring the news to you. 

Every Friday we are ending your work week by wrapping up the last 7 days of news for you by choosing some key updates and events to share. This news will cover everything property, from estate agent fees to broker updates to government policy, and be a sure way for you to finish your week up to date.

In the past seven days we have seen another interest rate cut, January’s House Price Index, and AI updates. It’s time to dive into this week’s Weekly Wrap:

1. Interest rates cut but Bank of England halves growth forecast
2. UK house prices hit new record in January
3. First-time buyers now face £33k in upfront costs
4. Mortgage rates continue to tick down
5. MPs launch AI inquiry as financial services sector ramps up use