The Bank of England’s Monetary Policy Committee (MPC) has today increased the base interest rate from 4% to 4.25%. This latest rise signals the tenth consecutive increase, since the rate reached a record low of 0.1% in December 2021. Many had expected the rate to
Many clients have held off remortgaging as the market has been so volatile, fearing fixing too early could result in securing a rate only for the market to stabilise and rates to reduce. The good news is there are still plenty of attractive rates available.
Despite the fall in inflation, are we still heading for a further base rate increase? A recent poll conducted by Reuters suggests the Bank of England will increase rates by a further 0.25% next month to 4.25%. The increase is expected to be the final
The Bank of England’s Monetary Policy Committee today increased the Bank Base rate by 0.5% to 4%, the tenth interest rate rise in a row. Back in December 2021 the base rate stood at just 0.1% as the committee tried to encourage consumers to spend
The Monetary Policy Committee of the Bank of England (BoE), has raised interest rates a total of 9 times since December 2021 in an attempt to curb inflation. Now inflation appears to be levelling, it is widely expected that the current BoE base rate of
The Bank of England Monetary Policy Committee today implemented a ninth consecutive base rate increase, rising interest rates by 0.5%. to 3.5%. Consequently, the base rate is now at the highest it has been for 14 years. A six week interlude since the last meeting
Mortgage approvals fell by ten percent during October, according to latest statistics published by the Bank of England, while new data shows that house prices are on the slide and sellers are now willing to accept offers. Mortgage approvals down Just 59,000 mortgage applications were
It’s time for a closer look at the pricing of mortgages Mortgage interest rates are not generally particularly newsworthy so when rates get plastered all over the news as they have been lately, you know something unusual is happening. We are often asked by clients
The Bank of England Monetary Policy Committee has today raised the bank base rate by 0.75% to 3.00%, the biggest single increase in 33 years. The unusually large increase is a result of the Bank tightening monetary policy in a bid to calm inflation. The
After delaying its decision until after the period of national mourning, the Bank of England (BoE) Monetary Policy Committee (MPC) has today increased the base rate by 0.5 %, taking it to 2.25%, the highest level since the 2008 global financial crisis. It is highly
