‘We should be at the top of the base rate cycle’

‘We should be at the top of the base rate cycle’

A monthly update from our Sales Manager, Phil Leivesley, on the reported ‘price war’ among mortgage lenders and what the long-term future might be for interest rates. What’s been happening in the mortgage market in the past few weeks? Over the last few weeks, I’ve...
The base rate stays the same

The base rate stays the same

The Bank of England has reviewed the base rate and chosen to keep it where it is. The rate currently stands at 5.25%. If the rate had gone up, this would have been the 15th consecutive rate rise. While anyone on a fixed-rate deal would not have been affected, those on...
Inflation remains a challenge

Inflation remains a challenge

CPI inflation goes down in July compared to June, but air travel and hotel costs keep core inflation stubbornly high. Consumer Price Index inflation (CPI) went down from 7.9% in June to 6.8% in July, according to figures published by The Office for National...