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The UK's inflation rate has risen for the first time this year. It is now 2.2% for the year to July. This little rise placed it slightly above the Bank of England's 2% target. This figure has held since May. This rise was not out of the blue. They mostly fell due to...

House prices have risen slightly. In July, the average price was £291,268, according to Halifax, a top UK mortgage provider. This marks a 0.8% above the rate in June and which takes the value of an average property to more than £2,200. The rise is slightly higher than...

Base rate cut to 5% as inflation remains low and level-headedBorrowing costs are unlikely to decline sharply in several months, the Bank of England Governor said on Thursday, after the key rates were cut for the first time in 2020. To recap, the central bank cut the...

In June, the Bank of England maintained rates at 5.25% for the seventh consecutive time, even though inflation had decreased to its 2% target. Some economists anticipated a rate reduction in August, but the latest inflation figures indicate that the Bank may delay...

The Bank of England has stated that around three million UK households will face higher mortgage repayments over the next two years due to ongoing high interest rates. According to its financial policy committee, as many as 400,000 homes are expected to experience...

The City's reaction to Keir Starmer's victory has been positive. On the FTSE 100 index, Persimmon, Vistry Group, Taylor Wimpey, and Barratt Developments are among the top risers, with gains ranging between 1.7% and 2.5%. The UK housebuilders' index has risen by...

The Bank of England reports rising mortgage and rent costs impacting household savings and financial resilience, while UK banks remain well-positioned to support despite global uncertainties.According to the Bank of England, approximately three million households will...

Lenders are increasingly raising rates, with some reducing them and others withdrawing products. New and attractive mortgage deals are also entering the market.This week, the number of lenders raising rates on selected fixed mortgages significantly outpaced those...

Labour pledges to make permanent a scheme for low-deposit mortgages, aiming to fulfill the dream of home ownership for first-time buyers.Labour has announced it will make permanent a scheme designed to ensure low-deposit mortgages are available for first-time buyers...

The annual inflation rate for average UK house prices was 1.8% (provisional estimate) in the 12 months leading up to March 2024, compared to a revised estimate of -0.2% in the 12 months leading up to February 2024.This information is based on the latest data from the...

Telegraph Money details how declining price increases will affect your finances.In April, inflation dropped to 2.3%, a welcome decline from March's 3.2%. Despite this, it remains above the government's 2% target. The decrease raises hopes for a Bank of England rate...

Barclays Bank, HSBC, and TSB announce reductions, reversing some of the price increases seen in recent weeks.The interest rate on a fixed mortgage remains unchanged until the deal expires, typically after two or five years, at which point a new deal must be chosen....

In May, the Bank of England maintained interest rates at 5.25%, but cuts are anticipated later this year. These rates influence mortgage, credit card, and savings rates for millions across the UK.An interest rate indicates the expense of borrowing money or the benefit...

Three prominent lenders, including Nationwide, Santander, and NatWest, have announced plans to raise rates on new fixed deal mortgages starting Tuesday. This decision comes amidst lingering uncertainty surrounding lending costs, with similar moves observed among...

Last week's economic data unfolded predictably. Core inflation dipped slightly more than forecast, while services inflation remained resilient. Headline inflation also came in slightly lower than expected at 3.4%. The Bank of England's response was unsurprising,...

A groundbreaking initiative has emerged in the housing market, offering hope to first-time buyers struggling to gather substantial deposits. Mortgage brokers have lauded the introduction of a new home loan by Accord, a subsidiary of Yorkshire Building Society,...

Currently, borrowers are transitioning from favorable two-year fixed-rate agreements made at the onset of 2022, but the repercussions of elevated rates are expected to alleviate gradually throughout the year.

How to Make the Most of Your Family Income Benefit Striving to ensure your loved ones maintain financial security in the face of unforeseen events? Family income benefit insurance provides a tax-free monthly income, safeguarding your family's lifestyle in your...

Ultimate Guide to Income Protection: Secure Your Future Navigating life's uncertainties can be daunting, but income protection stands as a steadfast ally, shielding you from financial hardship when illness or injury interrupts your earning ability. This insurance is...

Remortgage Calculator A Comprehensive Guide to Managing Your Remortgage Considering remortgaging your property to release equity or lower your monthly repayments? At MortgageTek, a premier mortgage broker in Watford, we're dedicated to offering expert advice on...