Bank of England base rate goes up to 3.5%

Bank of England base rate goes up to 3.5%

15 Dec 2022 | Advice, News, Property

The Bank of England has just announced a base rate increase from 3% to 3.5%. The rate increased from 2.25% to 3% last month and has consistently risen in the last year. The base rate has increased again – this time from 3% to 3.5%. The base rate is the interest rate...
The property market slows down

The property market slows down

1 Dec 2022 | News

Homebuyer demand has dropped, and property prices are expected to continue to fall, but the Office for Budget Responsibility cautiously predicts prices will rise again in 2025. House prices are predicted to fall by around 9% between the end of this year and September...
Interest rates are coming down

Interest rates are coming down

24 Nov 2022 | News

While interest rates are no longer at the historic lows we saw last year, they are starting to come down and the market is showing signs of stability. The Bank of England base rate has increased steadily all year in a bid to combat inflation. On 3 November, it was...
Bank of England base rate goes up

Bank of England base rate goes up

3 Nov 2022 | Advice, News

In a bid to combat inflation, The Bank of England has increased the base rate to 3%. Find out what this means for your mortgage. The Bank of England has today announced that the base rate has increased from 2.25% to 3%. This is the biggest increase since 1989 and...
“Stability” may help mortgage rates

“Stability” may help mortgage rates

31 Oct 2022 | News

The increase in fixed mortgage rates appears to have stalled as financial markets eye-short-term stability. Recent changes in government appear to have calmed the markets, with Santander and Yorkshire Building Society both cutting rates last week, according to The...
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The 95% Mortgage Guarantee Scheme

The government’s new 95 Per Cent Mortgage Guarantee Scheme launched on Monday 19 April 2021. The aim of the scheme is to make more 95 per cent mortgages available to those with smaller deposits. First-time buyers can apply but you don’t have to be one to be eligible.

If you would like more information, fill in your details and one of our mortgage advisers will contact you.

 

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