Bank of England
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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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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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