Interest rate rise could cost households £3.4 billion in first year
An interest rate rise of just 0.5% would cost households an extra £3.4 billion in interest payments in just the ...
Tag: Bank of England
Unexpected fall in inflation “dilutes” prospect of an interest rate hike
The UK inflation rate has unexpectedly fallen, driven by a drop in fuel prices. The Office for National Statistics said ...
Bank of England warns lenders about the risks posed by 35-year mortgages
The Bank of England has warned mortgage lenders of the possible risks posed by the recent trend of longer loan ...
New Bank of England rules could make it even more difficult to get a mortgage
The Bank of England has confirmed it was tightening its mortgage affordability rules, which could make it even more difficult ...
Mortgage approvals rebound after three months of falls
Mortgage approvals rebounded slightly in May after three months of falls, according to new figures from the Bank of England. ...
UK house prices have shot up £60,000 since interest rates were cut in 2009
Since the Bank of England dropped interest rates to 0.5% in March 2009 house prices have risen by almost £60,000, ...
Bank of England keeps rates on hold after surprise split in vote
The Bank of England has decided to maintain interest rates at their current record level, but in a surprise move ...
Mortgage approvals fall amid political uncertainty
Mortgage approvals fell for a third consecutive month, as the UK housing market struggles to gain momentum amid political uncertainty ...
Bank of England keeps interest rates on hold but lowers growth forecast
As widely expected, the Bank of England decided to keep interest rates on hold at 0.25%, but warned of a ...
Mortgage approvals fall to six-month low as Brexit bites
Mortgage approvals fell to a six-month low in March, a sign homebuyers are becoming increasingly cautious as they start to ...
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