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
Bank Of England Holds Base Rate – Why Have Mortgage Rates Continued To Rise Read More »
Mortgage Rates Rise Again It’s been a turbulent week in the financial markets and this has pushed mortgage rates higher. Rising inflation concerns and global uncertainty have caused the money markets to increase “swap rates”, which lenders use to price fixed mortgages. As their funding costs rise, lenders quickly adjust pricing. Over the past few
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Mortgage Rates Rising Mortgage rates are rising again because financial markets now believe the Bank of England is less likely to cut interest rates in the near future. Swap rates used by lenders to price fixed mortgages and reflecting expectations of future interest rates have risen sharply over the past week, increasing lenders’ funding costs.
Has This Month’s Base Rate Cut Been Cancelled? Read More »
Fast Flexible Funding Are you looking to raise money quickly to: Consolidate existing debts into one manageable payment? Complete home improvements or renovations? Buy a new car or motorbike? Pay a tax bill before the January deadline? A second charge loan secured against your home could help you access the funds you need without disrupting
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Base Rate – 3.75% The Bank of England has reduced the base rate to 3.75%, the lowest level in nearly three years, reflecting a slowing UK economy. Inflation has eased from recent highs, wage growth is moderating, and economic output has weakened, prompting the Monetary Policy Committee to cautiously support growth. While inflation remains above
Bank of England Cuts The Base Rate By 0.25% Read More »
Festive Opening Hours As 2025 comes to a close, we want to thank you for your continued trust and support this year. It has been a pleasure working with you, and we look forward to assisting you through 2026 and beyond. Wishing you a joyful festive season and a prosperous New Year! From all of
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Competition Drives Rate Reductions The Budget brought no surprises for the mortgage market, and lenders had already adjusted pricing in advance. With swap rates — the key driver of fixed-rate costs — largely unchanged, there’s been no immediate pressure to reprice. Any near-term changes are expected to be competitive rather than economic, driven by lenders
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