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Bank of England set to reduce interest rates

Interest Rates | 10 January 2025
The Bank of England will likely cut interest rates again for the second consecutive year
 
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Save £4,600 on your mortgage by switching

Mortgages | 08 January 2025
The mortgage holders have been urged to see if there are any ways they can lower their monthly bills. Around 600,000 homes are on Standard Variable Rates (SRV), which adds thousands of dollars to thei...
 
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What is the GDP of the UK and how fast is it growing?

Economy | 03 January 2025
According to the Office for National Statistics, the UK economy's growth has slowed down in recent months despite an increase in August. The strength of an economy can affect things such as the pay i...
 
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Santander says that interest rates will not fall below 3.75% in the next year

Interest Rates | 03 January 2025
Santander, the banking giant, has forecast that interest rates will drop to 3.75% by the end next year. This is a departure from recent predictions of even more aggressive rate cuts.
 
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Co-op launches lower rate green mortgage range

Mortgages | 29 December 2024
The Co-operative Bank launched a green mortgage range that offers new customers who qualify a lower rate of interest when buying a property with a rating A or B EPC. For new customers, the product ...
 
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Nationwide offers mortgage holders 0% loans to make homes eco friendly

Mortgages | 28 December 2024
Nationwide customers across the country can now get interest-free loans of up to £20,000 for making their homes more energy-efficient. The largest building society in Britain offers the loan as an in...
 
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Rent inflation slows down to 4%

Buy to Let | 28 December 2024
According to SpareRoom, rents increased by 4% from the second quarter of the previous year, which is the lowest increase since 2024. Northern Ireland (+8%), East Anglia (+16%) and North West (+6%) ar...
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Budget 2024: will Labour help Londoners get on the property market?

Deposits | 27 December 2024
As housing affordability in the capital worsens, the deposit required for a first time buyer to buy a house in London has reached record levels. The typical deposit required by a first-time buyer in ...
 
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BANKS WILL REVEAL IF JULY RATE REDUCTION HAS BEEN PASSED ONTO CUSTOMERS

Interest Rates | 25 December 2024
In their first major report since the summer's reduction in borrowing rates, banks will reveal whether Britons have benefited from the lower interest rate.
 
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Stamp duty: What is it and how much do I pay?

Stamp Duty | 24 December 2024
If the Conservatives won the election, they had promised to keep the threshold for stamp duty at £425,000. Reeves will likely allow thresholds to return to the levels before Liz Truss’ mini-Budget.
 
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HSBC raises rates for the cheapest mortgages

Mortgages | 21 December 2024
HSBC announced that it would be raising some of the rates on its cheapest mortgages, while cutting more expensive offers. The bank is raising rates on its lowest priced products, which are reserved...
 
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Can you leverage your savings and reduce your monthly mortgage payment?

Mortgages | 20 October 2024
We explain what offset mortgages are and who could benefit.
 
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As defaults rise, banks make it more difficult to get a mortgage

Mortgages | 13 April 2023
As defaults increase, banks are making it more difficult to obtain a mortgage.

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Hunt predicts that the UK economy will not go into recession despite no growth in February

Economy | 13 April 2023
The UK economy experienced no growth in February due to the strikes of public sector workers.
 
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Recession, but not as we know it

Banking | 01 April 2023
Earlier in March, Chancellor Jeremy Hunt presented his budget. He was proud that the UK had escaped a "technical recession." "The declinists have been wrong," Hunt declared, "and the optimists right."
 
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Santander offers new ISA accounts with interest rates as high as 4.25 percent

Savings | 30 March 2023
Santander's latest range of products offers an easy access eISA as well as three fixed rate accounts at interest rates ranging between 3.2 percent and 4.25 percent.

LATEST STORIES

 
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A third of the highest earners are unaware of their tax bracket

Tax | 29 March 2023
According to Barclays Wealth, one in three people who earn more than £50,000 don’t know their current tax bracket.
 
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The Bank of England predicts that the cost of living will ease in WEEKS

Banking | 28 March 2023
According to the Bank of England Governor, the cost of living will begin to fall within weeks.
 
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Bank of England on high alert for further banking risks

Banking | 28 March 2023
According to its governor, the Bank of England is on "heightened" alert for any additional turbulence in the banking sector.
 
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Bank launches ISA at an 'excellent' rate of 4.06 Interest Rate

Savings | 20 March 2023
Experts share the top ISA accounts available for savers.
 
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Over 65 year olds are the most likely to have high energy bills due to inefficient homes.

Energy | 15 March 2023
Pensioners feel the pinch more than younger generations due to rising energy costs and inefficient housing.
 
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HSBC purchases collapsed Silicon Valley Bank for £1

Banking | 13 March 2023
HSBC purchases the collapsed UK branch of Silicon Valley Bank for £1
 
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Bank of England: Signs of Property Revival

Property Market | 09 March 2023
The observation was made by the BoE's MPC member, who sets the base rate. It follows Halifax reporting an increase in house prices in February. Mortgage rates are decreasing, and lenders are offering ...

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Hunt predicts that the UK economy will not go into recession despite no growth in February

 
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Rent inflation slows down to 4%

 
Property News, 1681388989master-card.jpg

As defaults rise, banks make it more difficult to get a mortgage

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