Tag: Interest rates

Mortgage approvals fall month-on-month; a clear sign the housing market is slowing down

  The number of mortgage approvals made by lenders for September fell 10% on the previous year, representing a 14 month low in mortgage lending activity in a clear indication that the housing market is undergoing its greatest slowdown in … Continue reading

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Posted by: Leanne Halsey Categories: Industry News, Mortgages, Property Market Tags: , , , Leave a comment

‘Welcome news for consumer spending power’ as UK inflation rate falls to 1.5%

Consumers across the UK have seen the inflationary pressures on their wages softened over the past month, with the latest annual disclosure indicating that it fell to just 1.5% in the year to August.

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Posted by: Leanne Halsey Categories: Economy, Industry News Tags: , , , , Comments Off

House prices stabilise over August

UK house prices remained stable over August, suggesting the blistering pace at which they were shooting upwards could have eased over recent months, Britain’s biggest mortgage lender, Halifax, revealed in today’s freshly published data.

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Posted by: Leanne Halsey Categories: Economy, House Prices Tags: , , , , , , , Comments Off

BoE governor indicates real wages will increase by mid-2015 – What does this mean for Interest Rates?

Mark Carney has indicated that wages will rise in line with inflation “around the middle of next year”, from when they are speculated to outstrip inflation, in a speech to delegates at the Trade Union Congress (TUC).

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Posted by: Leanne Halsey Categories: Economy, Industry News Tags: , , , , Comments Off

Bank of England retains its base rate at 0.5% amid pressure due to the UK’s current period of economic growth

The Bank of England’s Monetary Policy Committee (MPC) has voted to retain interest rates at 0.5% for the 66th consecutive month, reflecting its lack of conviction in the durability of the economic growth the UK is currently undergoing.

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Posted by: Leanne Halsey Categories: Economy, House Prices, Mortgages Tags: , , , , , 1 Comment

Is homebuyer confidence falling?

A recent survey is suggesting that confidence in the housing market has tumbled to its lowest level ever in the last three years. These fears are mainly based on over-inflated prices and talk of rises in interest rates.

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Posted by: Samantha Turner Categories: Buying, Economy, Property Market, Uncategorized Tags: , , , , 4 Comments

Industry experts predict that interest rates could rise to 5%

According to Sir Charlie Bean, deputy governor for monetary policy at the Bank of England, it is ‘reasonable’ to think that rates will return to pre-recession levels in 10 years or more.

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Posted by: nicolasevern Categories: Buying, Economy, Estate Agents, Finance, Industry News, Latest News, Mortgages, Uncategorized Tags: , , , , Comments Off

Interest Rates – Are They Set to Soar?

There has been much speculation around the subject of interest rate rises for some time now. Thankfully, since the Chancellor, George Osborne, announced in his Mansion House speech, that the Bank of England will be given new powers to intervene … Continue reading

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Posted by: Samantha Turner Categories: Economy, Finance, Industry News, Mortgages Tags: , , , , Comments Off