The Bank of England’s decision to raise the base rate from 0.25% to 0.5% could put the brakes on a runaway housing market, which has seen prices boom over the past 18-months. This is the first back-to-back rate rise since…
Everyone in the UK will be affected by rising prices – from a higher gas bill, to harder choices during the grocery shop. The idea of raising interest rates is to keep those current and predicted price rises, measured by…
After years of dirt-cheap rates and huge loans up for grabs, this year’s cost-of-living crisis could see mortgage lenders finally tighten the purse strings. First-time buyers and families stretching their budgets for larger properties are likely to be hit as…
Property prices surged 10 per cent annually in November 2021, according to the latest official figures. This marked a small increase in price inflation compared to October, when prices grew by 9.8 per cent, the Office for National Statistics’ house…
The market is pricing in a 25 basis point rise in interest rates, ahead of the Bank of England’s (BoE) monetary policy meeting later this week. This would take the rate to 0.50%, where it last sat in November 2017….
HSBC has reintroduced a sub 1% mortgage rate as part of a product refresh. The high street bank says the move will make it cheaper to get onto or move up the property ladder, or remortgage with the lender when…
Establishing how much you can borrow is one of the first steps in the homebuying process. But how do you work it out? Jeni Browne helps one of our readers with the calculations The Question I would value some guidance…
A shortage of homes coming up for sale is continuing to drive property prices higher, fresh data has revealed. Enquiries from buyers looking to move increased in December, but the average number of homes on estate agents’ books remains low,…
Switching from an average standard variable rate (SVR) to a new fix could save more than £2,200 a year, calculates L&C Mortgages. The broker says that with SVRs increasing to an average of 3.91%, a fixed rate of 1.36% would…
Looking for some practical and easy-to-apply methods to help you save for the deposit on your first home? Kate Saines has one tip for every month of the next year… The idea of saving for a deposit for your first…