Tag:
mortgage rates
News
Bank of England Cuts Interest Rates to 5% in First Reduction Since 2020
The Bank of England has made a significant move by reducing interest rates to 5%, marking the first cut in over four years. This...
Business
Understanding the Impact of Interest Rates on Inflation and Mortgages
The Bank of England is about to make a crucial decision on interest rates, with some experts suggesting a possible cut from 5.25 percent...
News
UK Housing Market Set for an Upbeat Autumn as Interest Rate Cuts Anticipated
The UK housing market is looking forward to a positive autumn. Experts attribute this optimism to potential interest rate cuts and political stability.As mortgage...
News
UK House Prices See Slight Uptick in June Despite High Mortgage Costs
The UK housing market experienced a modest rise in June, providing a glimmer of hope for homeowners.Nationwide reports a 0.2% increase in house prices...
News
HSBC Joins UK Banks in Cutting Mortgage Rates
In a surprising move, HSBC has followed the lead of other major UK banks by reducing its mortgage rates. The changes are poised to...
Business
Is There Hope for First-Time Buyers Amid the Housing Crisis?
The financial landscape for first-time buyers has become increasingly dire. Reports indicate that average monthly mortgage payments have surged by 61% since the last...
Business
Impact of Inflation on Interest and Mortgage Rates
UK inflation has slowed to 2 per cent in May, its lowest level since July 2021, aligning with the Government and Bank of England's...
News
UK House Prices Expected to Stagnate in 2024
The housing market in the UK is anticipated to face a period of stagnation in 2024.With rising mortgage rates and an increase in housing...