Bank of England
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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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Housing Market
Mortgage rates to fall but more pain to come, think tank warns
Financial markets expect that Bank Rate will peak at nearly 5% in November but interest rates are expected to move much more slowly on the way down than on the way up.
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Housing Market
Bank of England raises interest rate again as expected to 4.5% – industry reaction
Governor Andrew Bailey announces a base interest rate rise for the 12th successive time to deal with inflation – and says inflation is coming under control.
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Latest property news
Leap in mortgage approvals signals market recovery
Bank of England statistics show that agreed mortgages climbed to 52,000 in March, up from 44,100 the previous month.
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