The ‘New Normal’ of mortgage rates
The head of the UK’s largest home loan company, Lloyds Banking Group has been discussing the future of the mortgage market in the UK. The banking group who own a number of giants in the mortgage lending field such as Halifax and Birmingham Midshires has stated that rates of 3.5% and 4.5% will become the […]
UK house prices seeing a shock rise in May
May has brought a surprise rise in house prices to the UK market of 0.4% according to Nationwide in a shock boost for sellers and lenders alike. This rise is caused by a combination of lower inflation and wage growth. The rise of 0.4% reverses the effects of a drop of 0.4% in April. The […]
How does the bank of England interest rate freeze help you?
On February 1st the bank of England made a decision to freeze interest rates at 5.25% for the fourth time in a row. This has been seen as a positive by many however some in the industry are calling for a cut in the rate to help ease the effects of inflation on real families […]
Base rate frozen at 5.25% for the second time by Bank of England
The Bank of England has announced that they have voted to freeze base rates at 5.25% for the second time, giving a suggestion that it may have peaked. This is good news for borrowers and lenders alike and gives hope that we have seen the last of the steep rate rises of recent months. The […]
