The Bank of England’s Monetary Policy Committee (MPC) voted 6 – 3 to maintain the Bank Base Rate at 5.25. Two MPC members voted to to increase the rate by 0.25% and one member voted for a 0.25% reduction. This is consistent with the MPCs…
The Bank of England (BoE) has hit the brakes on base rate rises with news that the current rate of 5.25% will remain unchanged.
The decision brings to an end 14 months of base rate rises and follows an unexpected slowdown in price rises last month when…
The Bank of England’s decision to increase base interest rates from 4.25% to 4.5% today has led to the property industry reacting.
This is the twelfth consecutive interest rate rise – and the highest the rate has been in nearly 15 years.
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…
With the Bank of England set to put up its base rate this week, one firm is warning that landlords will put up rents if the base rate reaches 4.5%.
The bridging finance broker Finbri says that with the base rate expected to reach a high of 4.5% in 2023
The recent rise in the Bank of England base rate will put the BTL market under pressure, one broker says.
Property Master says that with BTL mortgage costs set to increase further after the base rate hike, landlords need to look at the products availab…
Where to begin? With the media buzzwords? With various organisations calling for a rent cap in England? Or the real reason a rent freeze is coming which was revealed on Thursday (which I will come to)?
Leaving aside that there is a perfect storm brewing
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.
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