Bank of England
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Housing Market
REACTION: Bank of England hikes interest rate for eleventh time in a row
With this week’s rise in inflation combined with a move by the US Federal Reserve to go ahead with a 0.25% rise, the BoE had few choices.
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Latest property news
BLOG: Carry On Banking… starring the Bank of England Governor!
Glentree Estates boss Trevor Abrahmsohn ponders the state of play at the Bank of England – more like a script for Carry on Banking than a serious institution?
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Housing Market
REACTION: Bank of England raises rates to 14-year high
The Bank of England today raised interest rates to 4% - a 14-year high and the 10th consecutive raise - making rates their highest since 2008 as double digit inflation continues to bite.
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Latest property news
Mortgage approvals hit rock bottom as market struggles
Bank of England figures show mortgage approvals dropped dramatically in December.
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Latest property news
Banks warned not to issue risky buy-to-let loans
The Bank of England says it will be watching lenders more closely as landlords may default on mortgages.
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Latest property news
GUEST BLOG: New year, new market
Nicky Stevenson, Managing Director of Fine & Country, says that after three years of somewhat unusual housing market activity, 2023 looks to be a calmer market.
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Latest property news
Spectre of interest rate shock looms large
More than 1.4 million households in the UK are facing the prospect of interest rate rises when they renew their fixed rate mortgages in 2023.
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Latest property news
Mortgage approvals hit lowest point since lockdown
Bank of England stats show that numbers of people taking out mortgages dropped more than 10,000.
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Housing Market
AGENTS shrug off Bank of England rate increase to 3.5%
The Bank of England today voted to raise interest rates by 0.5% from 3% to 3.5% – a level not seen since October 2008.
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Housing Market
WARNING: Negative equity ‘a real risk’ for thousands of homeowners
Report from The Resolution Foundation shows hundreds of thousands of people could face the prospect of losing their home as high mortgage rates and falling prices bite.
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