(Bloomberg) — Rising mortgage payments are squeezing the finances of millions of borrowers in Britain, threatening to undermine household spending and the broader economy. The dream of a soft landing that would have the Bank […]
Borrowers have been put on notice for further Bank of England interest rate rises after inflation in the UK unexpectedly remained stuck at 8.7% in May, adding to the pressure on households suffering a surge in mortgage […]
Borrowers are being warned mortgage rates are set to rise further as turbulence continues to hit the market. Broker London & Country said lenders had been withdrawing deals and raising rates at a “relentless pace” […]
(Reuters) – Britain’s largest mortgage provider Halifax will ramp up interest rates for new home loans on Wednesday, according to pricing provided to brokers, the latest major lender to do so in response to soaring […]
(Bloomberg) — The UK is less of an outlier in terms of its inflation rate than recent data and analysis would suggest, according to Panmure Gordon. While both headline and core inflation remain higher than […]
Unlike the U.S., mortgage borrowers in the U.K. are required to renew mortgages on a cyclical basis. The post UK Homeowners Facing Mortgage Rates Over 5% appeared first on Weekly Real Estate News.
It was only on Tuesday that in an otherwise upbeat assessment of the UK economy, the International Monetary Fund warned of “premature celebration” of sharp falls in the main rate of inflation. There are two […]
The Bank of England raised interest rates in March from 4% to 4.25%. The 0.25 percentage point increase marks the 11th rise since December 2021 when Bank rate stood at just 0.1%. It puts Bank […]
LONDON, March 22 (Reuters) – British inflation unexpectedly rose to 10.4% in February, pushed up by higher food and drink prices in pubs and restaurants, according to official data which is likely to prompt the […]
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