Interest Rate Cut Sparks 0.8% Jump in UK House Prices, Defying Economic Predictions
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...
The Bank of England cuts interest rates for the first time in more than four years.
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...
Mortgage Rates: How Do UK Interest Rates Impact You and When Will They Decrease?
Interest rates influence mortgage, credit card, and savings rates for millions of people across the UK.In June, the Bank of England maintained rates at 5.25%...
The Bank of England reports that mortgage repayments are expected to increase for three million households.
Approximately 400,000 homeowners are projected to see their mortgage payments rise by more than 50%, according to the central bank's financial stability...
Labour Election Reaction: Focus on Development and Growth
Following its landslide election win, the property industry is urging the Labour Party to fulfill its promises regarding planning reform and increased...
Bank Predicts Mortgage Costs to Increase for 3 million Homeowners
The Bank of England reports rising mortgage and rent costs impacting household savings and financial resilience, while UK banks remain well-positioned to...
Moneyfacts Report: Rate Hikes Outpace Cuts Among Lenders
Lenders are increasingly raising rates, with some reducing them and others withdrawing products. New and attractive mortgage deals are also entering the...
Labour Proposes Mortgage Guarantee for First-Time Buyers
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...
Average UK house prices rise following previous decline: ONS
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...