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 […]
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 […]
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 […]
