BoE hikes base rate by 50bps to 2.25 per cent

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...

Interest rates could ‘hit 4 per cent peak’ – Capital Economics

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...

Thousands of leaseholders to get ground rent refunds

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...

Another 0.5% interest rate hike from BoE more likely than not

A leading economist has warned that the Bank of England (BoE) could increase interest rates by another 0.5% to 2.25% at the next Monetary Policy Committee (MPC) meeting. The warning comes as the number of job vacancies fell for the first time in two years, while...

Inflation rises to 9.4% in June

Inflation in the UK reached 9.4% in June, setting a fresh 40-year record high, according to the Office for National Statistics (ONS). The latest figure is driven by a 42.3% rise in the price of motor fuels year-on-year and an increase of 9.8% in the price of food and...
BoE hikes base rate by 50bps to 2.25 per cent

BoE hikes base rate by 50bps to 2.25 per cent

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...

Thousands of leaseholders to get ground rent refunds

Thousands of leaseholders to get ground rent refunds

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...

Another 0.5% interest rate hike from BoE more likely than not

Another 0.5% interest rate hike from BoE more likely than not

A leading economist has warned that the Bank of England (BoE) could increase interest rates by another 0.5% to 2.25% at the next Monetary Policy Committee (MPC) meeting. The warning comes as the number of job vacancies fell for the first time in two years, while...

Inflation rises to 9.4% in June

Inflation rises to 9.4% in June

Inflation in the UK reached 9.4% in June, setting a fresh 40-year record high, according to the Office for National Statistics (ONS). The latest figure is driven by a 42.3% rise in the price of motor fuels year-on-year and an increase of 9.8% in the price of food and...

Asking prices now £55,000 higher than before the pandemic

Asking prices now £55,000 higher than before the pandemic

Zoopla has reported that the average price of property coming to market has hit a new record for the fourth consecutive month, rising to £367,501. This month’s increase of 2.1% (+£7,400) is the highest at this time of year since May 2014, and marks a national jump of...

House prices surged 14.3% in last 12 months

House prices surged 14.3% in last 12 months

Property prices are now 21% higher than before the pandemic struck in early 2020 Annual house price growth increased to 14.3%, according to Nationwide, from 12.6% in February. The building society said this marked the highest level of growth since 2004, taking the...

Average property price jumps past £350,000: Rightmove

Average property price jumps past £350,000: Rightmove

The average price of a property coming onto the market came to £354,564 in March, shows the latest house price index from Rightmove. This 1.7% monthly increase, which compares to 2.3% in February, is the largest recorded for March since spring 2004. It also means that...

Buoyant property market sees biggest monthly jump in asking price

Buoyant property market sees biggest monthly jump in asking price

February has seen the biggest monthly rise in house prices — in cash terms — according to the latest Rightmove property index. According to this property index, asking prices in February hit a record high of £348,804 —  a rise of £7,785, or 2.3% when compared to the...