Bank of England
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Housing Market
‘Bank of England will hike rates despite falling inflation’
The fall was driven by a reduction in the energy price cap and food prices but services inflation which the bank monitors rose to 7.4% from 7.2%.
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Housing Market
AGENT BLOG: Mortgage mayhem affecting prime market too
Knight Frank’s Tom Bill says government has created a chaotic lending market over the last 11 months that has unsettled buyers and sellers.
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Housing Market
INDUSTRY REACTION: Base rate raised to 5.25%
Warnings went unheeded by Governor Andrew Bailey and Monetary Policy Committee that another rate rise would risk damaging the UK’s fragile economy.
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Housing Market
Interest rates are expected to be cranked up today – but is that the right thing to do?
Trevor Abrahmsohn says it is folly to increase interest rates today without giving the last 13 increases a chance to make their full effect felt.
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Latest property news
WARNING: Interest rates to stay higher for longer with recession forecast – claim
Schroders is forecasting recession and says that the surprise 0.5% hike in Base Rate suggests the Bank of England is far from getting on top of inflation.
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Latest property news
Landlords call for mortgage interest relief to be reintroduced
On the back of the interest rate hike, landlords are calling for the reintroduction of mortgage interest relief in full and for housing benefit rates to be unlocked.
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Latest property news
LATEST: Interest rate rise today ‘almost certain’ as inflation sticks at 8.7%
The rate of price rises has remained stuck at 8.7% despite a slight decrease expected by economists which would have gone some way to buoy the jittery housing market.
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Latest property news
More mortgage deals pulled as nervous market fears rate rises
Lenders withdraw mortgage offers amid concerns that the Bank of England will raise interest rates further.
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Latest property news
ECONOMY: Mortgage rates ‘set to drop’ as inflation falls
The Bank of England is expected to annouce a lower inflation figure, which could prompt lenders to reduce mortgage rates.
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Latest property news
Repossessions rise 50% in first quarter with big rise in buy-to-let
Some 750 homeowner mortgaged properties were taken into possession in the first quarter of 2023 and 410 buy-to-let mortgaged properties were taken into possession.
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