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 »
We continually search for ways to help our clients obtain cheaper mortgage products but volatility and rising swap rates leading to increased or withdrawn mortgage products is a concern for everyone. To help plan for the future we are able to book mortgage funds up to 90 days prior to submission of a mortgage application
Reserve Your Mortgage Product Early Read More »
Swap Rates have risen again sharply this week with 2 years swaps increasing by over 0.5% that has led to lenders again withdrawing rates and re-launching with higher products that reflect the change. The increase is largely due to economic volatility with another Base Rate rise widely predicted by the Bank of England (BoE) when
Lenders Hike Rates As Swap Rates Increase Further Read More »
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UK house prices have recorded their first annual drop since 2012 due to heightened economic pressured, however, the average house price remained virtually unchanged at £286,532, down slightly from April’s figure of £286,662.
House Prices Record First Annual Decline Since 2012 Read More »
Last week saw a sharp rise in swap rates following negative Bank of England (BoE) and Office for National Statistics (ONS) announcements but data gathered earlier today shows 2, 5 and 10 year Swap Rates have levelled off as lenders re-launch products with increases between 0.35% and 0.5%.
Swap Rates Level Off As Lenders Re-Launch Products Read More »
