Mortgage Rates Reduced Following the election, the swift rise in swap rates led many lenders to increase their mortgage rates. This strategic move was designed to protect against potential future borrowing costs. However, as swap rates stabilised, lenders grew more confident in the market’s equilibrium. This newfound stability enabled them to reduce mortgage rates, benefiting […]
Lenders Drop Rates As Swap Rates Stabilise Read More »
Base Rate Held At 5.25% Bank of England’s (BoE) Monetary Policy Committee (MPC) again voted 7-2 to maintain the current Base Rate at 5.25% for the seventh consecutive month despite inflation falling further to their 2% target. This decision was again followed, as in previous months, by initial promises of an imminent rate reduction. However,
Base Rate Held At 5.25% While Inflation Meets 2% Target Read More »
Rate Cut In Doubt As Inflation Falls It was announced this week that inflation fell from 3.2% to 2.3%, slightly above the market forecast of 2.1%. Though smaller than expected, the drop is still positive as it is now lower than the Eurozone and US inflation figures. A rate cut in June now seems highly
Inflation Falls To 2.3% – Why Are Short Term Rate Cuts Unlikely? Read More »
Base Rate Held At 5.25% At todays Bank of England’s (BoE) Monetary Policy Committee (MPC) meeting they voted 7-2 to maintain the current Base Rate at 5.25% for the sixth consecutive month despite inflation falling further to 3.2%. This decision was followed, as in previous months, by initial promises of an imminent rate reduction. However,
Base Rate Held At 5.25% While Inflation Falls To 3.2% Read More »
Base Rate Battles Inflation while Swap Rates Shape Mortgage Costs Mortgage rates are frequently subject to speculation, especially when a notable shift in the Base Rate is currently at a 16-year high of 5.25%. This increase aims to combat inflation, which has significantly declined from 11.1% in October 2022 to 3.2% in March. The central
Lenders Increase Rates As Swaps Continue To Rise Read More »
Rate Reductions Amidst Uncertainty In a bold move this week, numerous lenders have opted to reduce their rates, aiming to invigorate business volumes in the face of persistent inflationary pressures. Despite reports indicating stubborn inflation, these lenders are betting on rate reductions to stimulate demand and bolster their market share. The decision comes amidst widespread
Lenders Resume Fight For Business As Swap Rates Continue To Rise Read More »
Base Rate: 5.25% Inflation: 3.4% Average House Price: £285,000 Bank Of England MPC – Why They Are Wrong It’s a glaring disgrace that the Bank of England’s Monetary Policy Committee (MPC) has voted 8-1 to turn a blind eye to the genuine financial struggles facing the public despite a noticeable drop in inflation. With inflation
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Lenders Increase Rates This week, a wave of lenders increased their rates upward, driven by unexpected inflation figures. As consumer prices returned above initial forecasts, lenders faced heightened operational costs and increased risk exposure. To maintain profitability and safeguard against inflationary pressures, these lenders are compelled to adjust rates accordingly. What Next For The Bank
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Bridging Finance – Flexible Solutions Great meeting between Paul Mansell and Annaliese Melvin from Glenhawk, a leading name in bridging finance, who has recently unveiled a comprehensive range of new products designed to cater to diverse property scenarios. Whether you’re a seasoned property investor, a developer, or a homeowner looking for financial solutions, Glenhawk’s latest
Glenhawk Offers Flexible Bridging Finance Solutions Read More »
Increased Affordability For First Time Buyers Excellent team meeting today with Victoria Goodman, discussing how many first-time homebuyers need help determining if they can afford their dream house, particularly in light of soaring property prices. In a unique and bold move, TSB has introduced new products to their mortgage range, specifically designed to improve initial
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