Swap Rates Fall As Lenders Offer Further Reductions
Swap Rates Fall As Lenders Offer Further Reductions
Swap Rates Fall As Lenders Offer Further Reductions Read More »
Inflation Falls to 6.8% while House Prices Remain Steady
/ Inflation / By Gary The latest figures from the Office for National Statistics (ONS) below show inflation falling from 7.9% in June to 6.8% in July. With inflation heading in the right direction, Swap Rates stabilised and lenders continuing to apply rate reductions to their products we may be turning the corner but should not be complacent
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Mortgage Price War Predicted As Lenders Offer Rate Reductions
Despite last weeks interest rate increase by the Bank of England (BoE) in a further attempt to control inflation the UK’s largest residential mortgage lender Halifax have adjusted their pricing and reduced rates by as much as 0.71% on selected fixed rate product with other big lenders having already done so sparking predictions of a
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When Will Interest Rates Come Down ?
The Bank of England (BoE) have again raised interest rates by 0.25% but the big question on everyone’s mind is – When will interest rates come down ? In an important change in language when delivering todays rate increase it was indicated we should not expect rates to fall any time soon and they will
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BoE Increase Base Rate By 0.25% To 5.25%
As expected The Bank of England (BoE) has today raised interest rates for the 14th consecutive time by a further 0.25% taking the Base Rate from 5.0% to 5.25% pushing the rate to it’s highest level since 2008 in a further attempt to reduce headline inflation. The Monetary Policy Committee (MPC) voted 6-3 in favour
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BREAKING NEWS – Landlords Given 3 More Years To Reach EPC Minimum
Ministers are considering a punitive scheme to fine landlords if they fail to upgrade their properties to a minimum band C by an extended deadline of 2028 instead of the current 2025. The Department for Energy Security and Net Zero had previously proposed a deadline of 2025 for newly-let rentals to achieve an energy performance rating of
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Mortgage Rate Reductions As Swap Rates Stabilise
Following recent reductions in Swap Rates lenders are cutting product interest rates ahead of next week’s Bank of England (BoE) Monetary Policy Committee meeting on 3rd August at which they are widely predicted to increase the Base Rate further in order to keep the pressure on to reduce inflation to their 2% target. If you
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The FED Increases Rate To 5.5% Despite 3% Inflation
The Federal Reserve has raised interest rates to 5.5%, despite US inflation confirmed at 3% in June. It has become obvious that major economies are determined to meet their 2% targets through increased interest rates. With August’s Bank of England (BoE) Monetary Policy Committee meeting just around the corner, this decision could spell trouble for
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Swap Rates Fall By 10%
Swap Rates have finally reduced by 10% across 2, 5 and 10 years. Hopefully with the announcement inflation has fallen from 8.7% to 7.9% earlier today, this may be an indication markets have reached a turning point with less volatility and return to normality giving a bit of breathing space to distressed homeowners.
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Inflation Falls to 7.9%
Annual Inflation fell from 8.7% to 7.9% in June with Core Inflation also falling back after hitting a 30 year high in May These reductions are a good sign but may not be enough to stop the Bank of England (BoE) increasing the base rate further to maintain the downward trend.
Inflation Falls to 7.9% Read More »