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 […]
BoE Increase Base Rate By 0.25% To 5.25% Read More »
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
BREAKING NEWS – Landlords Given 3 More Years To Reach EPC Minimum Read More »
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
Mortgage Rate Reductions As Swap Rates Stabilise Read More »
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
The FED Increases Rate To 5.5% Despite 3% Inflation Read More »
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.
Swap Rates Fall By 10% Read More »
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 »
Swap Rates continue to rise with lenders again withdrawing products to reprice. House prices are down slightly with the average typical UK property costing £285,932 down from the peak last August of £293,992 and Bond Yields surge to a 15 year high as financial markets predict interest rates will climb over 6.5% in 2024. If
Swap Rates Up, House Prices Down & Base Rate Predicted To Top 6.5% in 2024 !! Read More »
Following the interest rate increase by the Bank of England (BoE) last week Swap Rates have slowly risen to the point where lenders have been forced to withdraw, reprice and relaunch products with higher rates.
Lenders Forced To Reprice As Swap Rates Increase Further Read More »
The Chancellor met with the UK’s principal mortgage lenders and Financial Conduct Authority (FCA) to agree support for people struggling with mortgage repayments. The lenders attending the meeting cover over 75% of the mortgage market and agreed the following Mortgage Charter:
Chancellor Agrees New Support Measures for Struggling Mortgage Holders Read More »
The Bank of England (BoE) has today raised interest rates for the 13th consecutive time by a further 0.50% taking the Base Rate from 4.50% to 5.00% pushing the rate to it’s highest level since 2008 in a further attempt to reduce stubborn headline inflation. lenders have already reacted to volatile Swap Rates this week
BoE Increase Base Rate By 0.50% To 5.00% Read More »
