Posts Tagged ‘interest rates’
Home ownership rates for families aged 25-34 are rising for the first time in 30 years according to Resolution Foundation
Home ownership rates for families aged 25-34 are rising for the first time in 30 years, but high barriers to entry facing first-time buyers remain acute, according to new analysis recently published by the Resolution Foundation. Home ownership rates among 25-34 year olds have risen by 3 per cent since they hit the rock bottom…
Read MoreSlight uptick in annual house price growth according to Nationwide
Latest Nationwide House Price Index report – July 2018 released today headlines ‘July sees modest rebound in annual house price growth’. The report reveals that annual house price growth picks up to 2.5% and that prices rose 0.6% month-on-month. Commenting on the figures, Robert Gardner,Nationwide’s Chief Economist, said: “There was a slight uptick in…
Read MoreHome prices rose across England and Wales by 0.5% in May according to latest Asking Price Index report from Home.co.uk
Latest Home.co.uk Asking Price Index report – May 2018 headlined, ‘Summer Optimism Masks Market Melancholy’. The report reveals that home prices rose across England and Wales by 0.5% this month, reflecting seasonal optimism more than fundamentals. London prices continue to slide extending 12 month losses to -2.5%, the slowdown that began there now seems to…
Read MoreIncreasing numbers of first-time buyers help build mortgage activity according to UK Finance
Latest UK Finance news – Update on lending – December 2017. UK Finance estimate gross mortgage lending in November was £23.1 billion, 9 per cent higher than a year earlier, with 60 per cent of all new lending provided by High Street banks. Commenting on the data, Managing Director of Commercial and Personal Finance Eric…
Read MoreRising interest rates is causing fixed rate products to grow in popularity according to Paragon Mortgages
Latest press release from Paragon Mortgages headlined ‘Longer-term fixes reach record high.’ Paragon Mortgages latest Financial Advisors Confidence Tracking (FACT) Index report, based on interviews with 199 mortgage intermediaries, shows longer term fixed rate mortgages continue to grow in popularity with homeowners opting for five-year products to benefit from better rates. Paragon Mortgages reveals, the…
Read MoreMark Carney indicates interest rates may have to rise to dampen down inflation
Governor of the Bank of England, Mark Carney, has signalled in his speech at the International Monetary Fund’s headquarters in Washington yesterday that interest rates may have to rise in coming months to dampen down inflation. In the speech, the Governor considers the impact of globalisation on inflation. He draws on the example of Brexit…
Read MoreInterest rates remain on hold at 0.25%
Bank of England – Monetary Policy Committee (MPC) Announcement and Minutes 16th March 2017. The MPC voted by a majority of 8-1 to maintain Bank Rate at 0.25% at their meeting ending 15 March 2017. The Committee voted unanimously to continue with the programme of sterling non-financial investment-grade corporate bond purchases, financed by the issuance…
Read MoreMonetary Policy Committee decisions and reports today
The Monetary Policy Committee’s (MPC) decision on interest rates will be announced today at 12 noon. Minutes of the MPC meetings are published simultaneously with the decision. The MPC’s quarterly forecast for growth and inflation will also be published in the Inflation Report today which gives us the central bank’s latest forecasts for the UK…
Read MoreMonetary Policy Committee decision on Thursday
The Monetary Policy Committee voted unanimously on Thursday to leave interest rates at 0.25% and asset purchases at £435bn, this was a decision very much expected by analysts. The Bank of England (BoE) reiterated that it was ready to tighten or loosen policy if needed to respond to any changes in the economic outlook as…
Read MoreInterest rates remain at 0.25%
BREAKING NEWS: The Bank of England keeps interest rates on hold at a record low of 0.25%.
Read MoreProperty investment is far more attractive with the low interest rates
With so much uncertainty doing the rounds of late relating to anything remotely connected with finance, whether that be savings, investments, business and even the economy. Ever since the UK voted to exit the EU we have seen the property sector placed firmly under the microscope and an array of predictions from experts across the…
Read MorePossible cut to UK interest rates next week.
Analysts are expecting lower interest rates to come as early as next week, a new low of 0.25% can now be expected in an attempt to boost a flagging economy post “Brexit”. In the immediate wake of the referendum result last week, Governor of The Bank of England, Mark Carney has hinted at further stimulus…
Read Morepossibility of zero interest rates
Projections on the financial markets are now suggesting that interest rates in Britain will not reach 0.75% until May 2020, some experts are infact warning that the Bank of England could even cut rates to zero in the next 12 months. Rates have remained at an all time low now of 0.5% since March 2009,…
Read MoreHalifax releases (HPI) April
Released today the Halifax House Price Index (HPI) for April, annual house price growth eases to 9.2%. Prices in the three months to April were 9.2 % higher than in the same three months a year earlier. House prices in the latest three months (February-April) were 1.5% higher than in the preceding three months. Commenting,…
Read MoreInterest rates remain at 0.5%
The Bank of England (BoE) decided yesterday to keep interest rates unchanged, the BoE unanimously agreed to maintain rates at 0.5% and leave the asset purchase programme at £375bn, this was what analysts were expecting. The decision to keep rates as they are comes amid concerns about weak wage growth, low inflation and a global…
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