4/9/2008 - No Interest Rate Change
Interest rates are again held at 5%, where they have been since the 0.25% cut in April of this year. Read
4/9/2008 - Halifax - Worst House Price Drop Ever
The Halifax have reported their first ever annual house price drop of over 10%, for August 2008. Read
4/9/2008 - No Change To European Interest Rates
The European Central Bank kept its benchmark interest rate at 4.25% today, a widely expected outcome within the moneymarkets. Read
3/9/2008 - Rampant Inflation Curbs Hopes of Rate Cut
An announcement by the British Retail Consortium that food prices jumped last month by 10% last month curbed hopes of an interest rate cut. Read
2/9/2008 - Stamp Duty Threshold Raised, For Now
The Chancellor has conceeded to critics and has offered home buyers a break on stamp duty - for houses valued between £125,000 and £175,000, effectively raising the base level of stamp duty. But this measure is only in place for 12 months. Read
28/8/2008 - Biggest House Price Fall For 18 Years
Figures released by the Nationwide Building Society show that 10.5% has been wiped off the price of the average property in the last 12 months. Read
27/8/2008 - Landlords Struggle to Pay Their Debts
In the first 6 months of this year, latest figures show that almost 1,800 buy-to-let properties were reposessed, double the figure compared to the same 6 months of 2007. Read
26/8/2008 - Fixed rate mortgages rates drop
Several lenders reduced the costs of their fixed rate mortgage deals last week, but usually only to those with at least a 25% deposit. Read
22/8/2008 - Halifax Closing A Quarter of Branches
The Halifax reported that it is to close approximately one quarter of its estate agency branches by the end of this year, because of the current housing market slow down. Read
22/8/2008 - Bank Must Cut Interest Rates
After the Office for National Statistics reported growth had slowed to zero between April and June, economists have called for a cut in the rate of borrowing. Read
21/8/2008 - Interest Rates Could Be Cut
Good news for mortgage borrowers - bad news for savers. The Bank of England has announced that due to the ease on the price of oil the threat of high inflation has reduced. Read
19/8/2008 - Fastest ever increase in rentals
The Royal Institution of Chartered Surveyors (RICS) has reported instructions to let properties during the quarter to July increased at their fastest pace since its records began. Read
18/8/2008 - BCC Wants Interest Rates Cut
The British Chambers of Commerce has warned that Britain is heading into two or more quarters of declining output over the next six or nine months, technically ’a recession’ and believes this is a more serious threat to the UK’s economy than high inflation. Read
16/8/2008 - Repossession orders up by 24% on last year
Official figures indicate 28,658 repossession orders were made in England and Wales during the second quarter of 2008, up 24% on the second quarter of 2007. Read
13/8/2008 - Rate cuts unlikely
The Bank of England’s latest quarterly inflation report says that it expects inflation to peak at just below 5% in the next few months, before dropping to below the 2% target in 2 years, if interest rates are not cut in that time. Read
7/8/2008 - Bank Holds Rates
The Bank of England has once again kept the base rate of lending steady at 5%, for August. Indicators from our European neighbours show that they expect over the next few months the Bank will be forced to increase the base rate to at least 5.25% and they are gambling on such a rise. Read
23/7/2008 - August Interest Rate Rises?
As we predicted 2 weeks ago, it has been revealed that the Bank of England’s monetary policy committee was split 23 ways in the run up to the decision to hold interest rates this month. Read
14/7/2008 - Cheaper Extended Mortgages - Cost More Eventually
Around 10% of people remortgaging in recent months have extended the life of their mortgage beyond th typical 25 years, mortgage brokers are finding. Read
10/7/2008 - House prices fall £3,600
The Halifax has reported that house prices have fallen in £3,600 in June, taking a total of almost £20,000 off the average house price since last summer’s peak. Read
10/7/2008 - Interest Rates on Hold
The Bank of England today kept interest rates steady at 5%, prefering to wait until inflation settles before making changes. Read