Why Did The Bank Hold Rates ? The Bank of England has kept Bank Rate unchanged at 3.75%, with the MPC voting 6–3 to hold, although three members preferred an immediate increase to 4.00%. Inflation rose to 3.1% in August, with higher oil and energy prices adding further pressure. However, the majority of the MPC […]
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Use The Button Below To Schedule A Consultation and Start Your Mortgage Journey SCHEDULE AN APPOINTMEMT Exciting News We’re delighted to welcome Aysha Iqbal to the team at Independent Mortgages Direct NE as a Mortgage & Protection Adviser. Aysha brings more than 10 years’ experience within the mortgage industry, together with a strong understanding of
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A Mortgage Designed For Real Life Life doesn’t always go to plan. Illness, redundancy, relationship breakdown or other unexpected events can affect anyone’s finances. The Nottingham’s Life Happens Mortgage range recognises that customers can recover from past difficulties and demonstrate responsible borrowing behaviour, offering a more flexible approach for those who may not meet traditional
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What Happens Next ? The Bank of England has kept the Base Rate at 3.75%, balancing easing inflation against concerns that rising energy costs could push inflation higher later this year. While fixed mortgage rates don’t move directly with the Base Rate, this decision provides greater market stability. Inflation is expected to rise slightly before
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Economic Update The Bank of England voted yesterday by 7 votes to 2 to keep the Base Rate unchanged at 3.75%, marking the fourth consecutive meeting without a change. Policymakers remain cautious, balancing inflation, which remains above the 2% target at 2.8%, against signs of a slowing economy. Although inflation is expected to peak at
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🌟Exciting News🌟 Meet Lyndsey Johnson, our new Mortgage Administrator and a fantastic addition to the IMDNE team. Lyndsey joins us following a successful career within the NHS, where she gained many years of administrative and customer service experience. Her background has equipped her with exceptional skills, attention to detail and a professional, caring approach that
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Why The Base Rate Was Held The Bank of England held Bank Rate at 3.75% because inflation risks remain finely balanced. Energy price uncertainty, global conflict and higher import costs could push inflation higher, while a weaker economy and softer labour market may reduce inflationary pressure. In simple terms, the Bank did not want to
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Neil Harrison – RIP We are very sorry to share the news that Neil Harrison has passed away after a short battle with cancer, which he faced with great courage. It has been the most difficult week for everyone at IMDNE, and we are truly sorry to be sharing this news. Neil was a valued
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Now Hiring: Administration Assistant We are currently looking to welcome a dedicated Administration Assistant to join IMDNE as our business continues to grow. This is an excellent opportunity to become part of a fast-paced, professional mortgage advisory firm, supporting clients through one of the most important financial decisions of their lives. The role will involve managing client
Base Rate Held at 3.75% The Bank of England has held the Base Rate at 3.75% as it remains cautious about the outlook. Inflation is falling but still above the 2% target, and rising energy prices could push it higher again. The Bank is keen to avoid cutting rates too soon and reigniting inflation, while
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