Bank of England
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Latest property news
‘It’s not Armageddon’, but mortgage approvals bomb
The Bank of England says mortgage approvals fell 7,000 last month after the Mini-Budget hit the market.
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Latest property news
REACTION: Bank of England hikes base rate to whopping 3%
Governors of the Bank of England today voted to raise interest rates by 0.75% from 2.25% to 3% – the highest one day rise in 30 years.
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Latest property news
First-time buyers feel the brunt as rapid mortgage rate rises pause plans
The average price of property coming to the market has risen by 0.9% (+£3,398) in the month to a new record of £371,158, says Rightmove.
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Latest property news
More Stamp Duty changes? Spending plan and OBR forecast brought forward
Halloween date will reveal a trick or treat from Chancellor Kwasi Kwarteng as spending plan and OBR forecast brought forward by three weeks.
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Latest property news
Mortgage market stabilises after last week’s mini-budget crisis
Fixed rate mortgages are still much higher than before the Mini-Budget, but the number of offers has risen again.
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Latest property news
Bank of England raises interest rate by 0.5% to 2.25%
There was speculation that the Bank may raise the rate by as much as 0.75% – industry reacts to the news.
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Latest property news
Increasing interest rates will not impact house prices – yet
New research paper from market analysts TwentyCI says price impact won’t be for 12 months.
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Housing Market
Rightmove says stock down 39% on pre-pandemic levels
Prices fall but more likely due to August holidays than rate rises or lack of stock, says property portal.
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Latest property news
Bank’s latest interest rate hike biggest in 27 years – industry reaction
The Bank of England has increased the base rate by 0.5% yesterday, the highest it has been since 2009 and biggest incremental hike since 1995.
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Latest property news
Bank of England’s looser mortgage lending rules ‘not reckless… but baffling’
Mortgage experts cautiously welcome announcement but warn that many still remember how 2008 global crash was caused by 'free for all' rules.
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