See a round up of the top UK mortgage news - including changes to lender terms and interest rates, market updates and advice for first-time buyers, home movers, remortgages and buy-to-let investors
But shadow chancellor Rachel Reeves said higher interest rates would cause concern for families. "The government thinks the cost of living crisis is over, but the reality is that too many families are dealing with a Tory mortgage penalty and battling with soaring food prices," she said. Neil ...
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Lib Dems: Interest rate pause 'cold comfort' for those with higher mortgage costs The holding of interest rates will be "cold comfort" for millions of people who face large hikes in their mortgage payments, says Lib Dem tre...
Anxiety has set in among UK mortgage lenders with rates being hiked left, right and centre, as theBank of England's (BoE) decided to leaveUK interest rates on holdat their current 16-year high of 5.25% for a sixth consecutive time. ...
the Bank of England introduced several bank rate hikes, resulting in higher mortgage rates. In September 2023, the average 10-year fixed rate interest rate reached 5.1 percent. As borrowing costs get higher, demand for housing is expected to decrease, leading to declining market sentiment and sl...
"When I first stood here as your prime minister, I told you the most important task I had was to return stability to our economy. Inflation is back to target, mortgage rates have falling and growth has returned," Sunak said. British headline inflation fell to the Bank of England's 2% ...
What does it mean for mortgage rates? The heavier-than-predicted fall in the inflation rate is expected to add pressure onto Bank of England rate-setters to cut interest rates, which had been hiked in recent years to bring inflation down to the 2% target. ...
Mortgage book grows as customers take advantage of fall in interest rates HSBC Holdings PLC HSBC chief Elhedery unveils sweeping overhaul of lender Bank plans to separate east from west and split into 4 units to cut costs and simplify its business ...
High inflation, interest rates and building safety costs are driving collapse in construction Thursday, 26 December, 2024 Residential property Number of Londoners moving out of UK capital falls to lowest since 2013 Research highlights impact of decade of faster house price rises in rest of country ...