bank interest rate
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Housing Market
Agents are hoping for summer rate cut to boost buyer activity
Seventeen out of 20 of those surveyed believe that its higher mortgage rates that have dampened buyer market activity, with nearly eight out of 10 stating that the issue has persisted due to Bank’s 5.25% rate.
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Latest property news
Bank reveals latest interest rate decision
The Bank of England and its Governor Andrew Bailey have decided to freeze the base interest rate again this month, keeping it at 5.25%.
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Housing Market
BoE under pressure to cut interest rates this week
Mortgage costs continue to climb adding to the calls for the Bank of England and its Governor Andrew Bailey to cut the base rate when it announces its latest decision on Thursday.
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Latest property news
KPMG: Bank of England ‘will cut interest rate four times this year’
KPMG says Governor Andrew Bailey and the Bank of England must cut interest rates quickly or the economy will suffer.
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Latest property news
Inflation boost could be ‘starting gun’ for mortgage cuts
Ben Thompson of the Mortgage Advice Bureau says the lowest inflation figure in more than two years might ease mortgage pressures.
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Latest property news
Estate agents lead calls for rate cut as inflation drops
Propertymark says it is the 'ideal time' to cut interest rates as inflation falls to its lowest level in more than two years.
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Latest property news
Housing market ‘not out of woods yet’ and prices will fall, analyst warns
Rob Morgan of Charles Stanley says interest rate cuts cannot be taken for granted with some real risks to inflation.
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Latest property news
REACTION: Bank holds base rate at 5.25% in split vote
The Bank of England and Governor Andrew Bailey have held the base interest rate at 5.25% for the fourth time running.
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Latest property news
Knight Frank reverses house price forecast – it’s now a 3% rise
House prices will increase this year, the property consultancy says, contradicting its earlier prediction of a 4% drop.
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Latest property news
SHOCK: Interest rate cuts and price rise of 5% during 2024, predict economists
Economists are bodly forecasting two reductions in interest rates this year coupled with a jump in house prices.
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