Browsing: bank of england News
The Shadow MPC of the IEA advocates for interest rate cuts amidst economic uncertainties.Uncertainty looms as the Bank of England’s MPC prepares for a crucial rate…
The Shadow Monetary Policy Committee (SMPC) urges interest rate cuts amid economic concerns.SMPC warns current monetary policy hampers UK’s GDP growth due to low inflation and…
The Institute of Economic Affairs’ Shadow Monetary Policy Committee (SMPC) recommends interest rate cuts to correct past errors.Debate arises as the official Bank’s Monetary Policy Committee…
The property market is anticipated to gather momentum after the festive season, with early 2025 poised for heightened activity.An analysis by GetAgent.co.uk indicates robust mortgage approvals…
Mortgage rates have reverted to levels last seen before the September 2022 mini-budget.Research from a major UK mortgage broker reveals average rates for homebuyers have decreased.The…
Mortgage rates have returned to pre-mini-budget levels despite higher base rates.The Bank of England’s base rate remains significantly higher than before the mini-budget.L&C Mortgages analysed rates…
The UK property market is on the brink of increased activity over the next year.Mortgage rates are expected to fall, irrespective of the budget results.Potential changes…
The UK’s property market expects a surge in activity due to falling mortgage rates.The Autumn Budget could affect Capital Gains Tax, potentially impacting landlords.Stamp Duty thresholds…
In September, mortgage approvals showed an upward trend, despite a decline in net mortgage borrowing.Net mortgage borrowing by individuals decreased by £0.3 billion, reaching £2.5 billion.Mortgage…
Commercial property lending has been on the rise compared to residential due to increasing rates.In 2023-24, commercial transactions increased to 10.6% from 8.0% in 2020-21, showing…
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