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 […]
New Pressure on Mortgage Rates – What Next !! Read More »
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
Remembering Neil Harrison – A Valued Colleague and Friend Read More »
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
A Turbulent Week – Why Mortgage Rates Are Rising Read More »
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 »
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 »
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
Budget 2025 – What It Means for Mortgage Rates Read More »
Base Rate Hold – Close Call ! The Bank of England has held the base rate at 4% following a close 5–4 vote, marking its second consecutive pause as policymakers await the Autumn Budget and further progress on inflation. The decision signals continued stability, offering reassurance to homeowners after a turbulent period for interest rates.
Bank of England Holds Base Rate at 4% Read More »
