Weekly Wrap – 9th May 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 have seen interest rate cuts, house price updates, and promises from the FCA. Let’s dive into this week’s Weekly Wrap:

  1. Bank of England cuts interest rate to 4.25%
  2. Nearly 940,000 homeowners coming off two-year fixed rates in 2025 but lower pricing expected
  3. House prices see small monthly rise in April to £297k – Halifax
  4. Weaker housing market expected to last through spring – RICS
  5. FCA to make ‘meaningful changes’ to mortgage market
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