House prices fall for first time in six months

House prices slipped by 1% in March following five consecutive months of growth, according to new figures from Halifax. The lender said affordability remained a challenge for potential buyers as recent declines in mortgage rates have stalled. It comes as financial markets become less optimistic about the timing and extent of interest rate cuts by the Bank of England this year while core inflation remains “sticky”, commentators said. Halifax is the second major lender this week to suggest house prices have fallen month-on-month. Separate

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UK interest rates expected to fall sharply next year as inflation drops to 3.9%

The City is expecting interest rates to fall sharply next year following news of a much bigger than expected fall in the UK’s annual inflation rate to 3.9% in November. Despite the Bank of England’s insistence it is too early to contemplate reducing the cost of borrowing, the markets believe Threadneedle Street will deliver at least four interest rate cuts during 2024. Share prices in London rallied strongly after cheaper fuel and less expensive food helped bring inflation from 4.6% in October

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Bank of England holds interest rates at 5.25%: what does this mean for your finances?

The Bank of England (BoE) has held interest rates at 5.25% today, 2 November. Since December 2021, the BoE has hiked the base rate 14 times to combat high inflation. While inflation remained unmoved at 6.7% in September, the slowing UK jobs market has led the BoE to hold rates steady. The outlook for the rest of the year looks more positive, with inflation expected to drop to 5% by the end of this year. However, the Bank of England

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Mortgage broker in Hertfordshire

We are WM Financial Services, a mortgage broker based in the heart of Hertfordshire. Mortgages We have years of experience helping clients obtain mortgage finance no matter their circumstances. Ask us about: Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Schedule a call Protection We use a selection of Insurance Providers to ensure in your time of need you and your family are financially

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