In a bold move, the Bank of England has implemented an unexpected half per cent interest base rate increase to hit 5% – the highest since 2008.
Seven out of the nine committee members voted for the move
The Bank of England’s Monetary Policy Committee voted 7 to 2 to increase the Base rate by 0.5% against the expected 0.25% to a new post-credit crisis high of 5%. Interestingly the two dissenting Doves voted for no increase and to hold at 4.5%
The…
Dear P118, I don’t want these words to come across as a rant. I just want some peace of mind that the BOE is right in their approach to the current financial situation and that they’re not profiteering like everyone else (banks not passing …
Should landlords hold onto their properties for as long as possible following the BOE’s announcement that inflation fell to 8.7% in April?
Despite the fall in inflation, The Guardian is reporting the financial markets are betting on an interest rate ri…
On Thursday the Bank of England, Monetary Policy Committee voted 7 to 2 to raise the base interest rate to 4.5%, which is the highest since 2008, and the 12th consecutive rise.
Anyone who is on a variable interest rate will receive another all too fami…
The Bank of England’s Monetary Policy Committee (MPC) Hawks have today voted 7 to 2 to increase the Base rate by 0.25% to the latest high since the credit crisis of 4.5% and the 12th rise in a row. The two dissenting Doves voted to keep the rate …
Property sales have plummeted by up to 40% in some areas of the UK, according to new research.
The findings from Moverly reveal the average number of monthly transactions have dipped by 25% since interest rates first started to climb in December 2021.
The Bank of England’s monetary policy committee (MPC) today voted by a majority of 7–2 to increase Bank Rate by 0.25%, to 4.25%. Two members of the MPC voted to keep the rate the same at 4%.
The eleventh-hour surprise was yesterday’s inflat…
Property and finance experts have reacted to the news that the Bank of England has raised the base rate from 3.5% to 4%.
They highlight that the mortgage market has been preparing for the base rate increase by the Bank and have factored this into their…
The Bank of England Monetary Policy Committee (MPC) today voted by a majority of 7–2 to increase the Base Rate by a further 0.5% to a post credit crisis high of 4%. The two dissenting members voted to freeze the rate at 3.5%.
The Bank of England’s Monetary Policy Committee (MPC) today voted by 6 – 3 members to mirror the Fed by increasing the Base Rate by 0.5% to a total 3.5% interest rate. Two MPC members voted to keep the Base Rate at 3% and one member voted t…
Reaction from the worlds of property and finance was swift after the Bank of England announced that its base rate would increase to 3%.
That means lending for landlords looking for a new mortgage deal just got more expensive.
In an outbreak of predictability, when we all know the Base Rate is heading towards 4% to keep up with the Dollar and the Fed, The Monetary Policy Committee (MPC) voted 7-2 for an increase of 0.75% to a total 3%.
In an outbreak of predictability, when we all know the Base Rate is heading towards 4% to keep up with the Dollar and the Fed, The Monetary Policy Committee (MPC) voted 7-2 for an increase of 0.75% to a total 3%.
Until the recent interest rate rises started to bite into cashflow, many larger portfolio landlords had taken the decision to pay the extra tax resulting from the Section 24 restrictions on finance cost relief as opposed to restructuring their business.
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