News

Bank of England Raises Interest Rates to 3%

The Bank of England has warned the UK is facing its longest recession since records began, as it raised interest rates by the most in 33 years. In warned the UK would face a "very challenging" two-year slump with unemployment nearly doubling by 2025. Bank...

House prices hold despite the slowdown in the housing market, says RICS

With the recent market turmoil, the continued increase in inflation and mortgage rate rises, the housing market has slowed down, however, property prices remain steady on hold says RICS. Although the property market has slowed down, the shortage of...

What’s happening to house prices in Leicester?

With the recent tax cut announcements and the turmoil caused by the weakening of the pound, what’s happening to property prices in Leicester? To prevent the housing market from collapsing during the pandemic, the previous Chancellor introduced...

How does a weaker pound affect mortgage rates?

Following Chancellor Kwasi Kwarteng’s mini-budget, where Stamp Duty cuts were announced, amongst other tax cut measures, has seen the pound's value sharply fell against the US Dollar. How does a weaker pound affect mortgage rates? Since the mini-budget...

Bank of England Raises Interest Rates to 2.25% - What does the Bank of England's rise means for you?

The Bank of England has increased the base rate by half a percentage point to 2.25% in its efforts to slow down the rise in inflation and soaring prices the economy is facing. The Bank of England Base rate has increased for the seventh time in a row,...

The Bank of England raises interest rates to 1.75%

The Bank of England has increased rates by 0.5%, making it the most significant increase in 27 years, with the interest rates rising to 1.75% from 1.25%. The rate rise comes as an attempt by the Bank to slow down inflation, which it sees passing 13%...