by Taryn Johnston | Dec 8, 2022 | Mortgages
The Bank of England’s base rate will be held up next year despite falling inflation, followed by a steeper than expected decline as economic pressures ease. In its economic outlook, Capital Economics predicted that a drop in inflation would not immediately result in a...
by Taryn Johnston | Oct 10, 2022 | Mortgages
According to data from the past five years, nearly one in five properties (17%) received an offer within one hour of a viewing, with one in 14 buyers (7%) making an offer on a house without even visiting it. This trend is far more common in 2022 as 31% of properties...
by Taryn Johnston | Sep 26, 2022 | Mortgages
The Chancellor plans to cut income tax and stamp duty in order to boost growth. In last week’s mini-budget, Chancellor Kwasi Kwarteng announced a series of measures designed to stimulate economic growth. Among these are tax breaks for businesses and increased...
by Taryn Johnston | Sep 23, 2022 | Mortgages
The Bank of England has unveiled a 50 basis point (bps) rise in the base rate, bringing it up to 2.25 per cent. The Bank of England’s Monetary Policy Committee (MPC) has announced a 50 bps increase in the base rate as it attempts to deal with spiralling inflation and...
by Taryn Johnston | Sep 16, 2022 | Mortgages
The Bank of England could raise the base rate from 1.75 per cent to a peak of 4 per cent next year, according to a leading economic consultancy. A “potentially huge fiscal expansion” will force the Bank of England to raise interest rates to a peak 4 per cent next...
by Taryn Johnston | Aug 26, 2022 | Mortgages
Thousands of leaseholders who paid double ground rent will receive money back, as nine companies remove costly terms from contracts. The firms all bought freeholds from leading housing developer Taylor Wimpey. The freeholds had contract terms that caused rents...
