Santander has launched a 98% loan-to-value (LTV) five-year fixed rate mortgage product available exclusively to first-time buyers. The ‘My First Mortgage’ product will launch with a rate of 5.19% with no fee and comes with £250 cashback. It also requires a minimum...
The MPC voted by a majority of 5:4 to cut the base rate, with four members voting for it to remain at 4% as they did not feel the monetary policy stance was meaningfully restrictive. The move follows two consecutive holds at 4% in November and September after a cut to...
The Bank of England’s Monetary Policy Committee has voted 5-4 to hold Bank Rate at 4%. Four members voted to reduce Bank Rate by 0.25%, to 3.75%. CPI inflation held steady at 3.8% in September, defying Bank of England forecasts of a slight uptick to 4%, but...
Are base rate decreases coming soon? The annual inflation rate in the UK continued to fall in November, dropping to 3.9% from last month’s 4.6%. The latest consumer price inflation (CPI) data published by the Office for National Statistics (ONS) on Wednesday also...
Asking prices in July rose to another all-time-high of £338,447 after increasing for the fourth month in a row and swelling by more than £20,000 in the last six months. Over the last six months, asking prices have risen by £21,389 and £2,374 since June making the 0.7...
2019 general election result provided period of ‘stability’ following Brexit uncertainty Photograph: Yui Mok/PA – VKM Mortgage brokers claim no rights to this image UK house prices rose over the last month at the fastest rate on record for the time of...
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