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Bank of England\'s MPC holds interest rates in 7-2 vote The Bank\'s Monetary Policy Committee has held rates for a seventh consecutive time.

Inflation falls to Bank of England\'s target of 2% Inflation has returned to target for the first time in almost three years.

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The Bank of England have today held the Base Rate at 5.25%.

The Base Rate has now not increased since August 2023 and many experts are predicting that rates will begin to fall later this year. Let’s see if that materialises!

The latest figures show that UK inflation has fallen to the lowest level seen since September 2021, with the annual rate down from 4.0% in December and January to 3.4% in February.

Bank of England projections show that CPI inflation will fall slightly below the 2% target in Q2 2024.

Here’s to hoping for rate cuts in 2024 🙏

MPC votes to hold Bank Rate at 5.25% The Bank of England\'s MPC committee has voted to hold the Bank Rate at 5.25%.

Comparison website advises consumers not to overpay on interest-only mortgages Brokers raised concerns around the incorrect content and highlighted the value of professional advice.

Should protection be mandatory for mortgage holders? - brokers react Some brokers warned that borrowers with health issue could be prevented from getting on the property ladder.

Be aware, especially first time buyers. We are seeing this regularly too 😡

Mortgage brokers slam continued instances of conditional selling The buyer has since lodged a complaint with the estate agency.

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Kwasi Kwarteng to bring forward debt-cutting plan after tax U-turn Sterling and gilts rally after chancellor reverses 45p tax rate cut for highest earners

Here is a look at the pound's decline since the second world war 👇 https://on.ft.com/3SrzC0Q

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Bank of England lifts interest rates by 0.5 percentage points UK rate setters hold back from more aggressive increase

How much money will actually make you happy? We can all fantasise about what we need to make ourselves satisfied — and it doesn’t have to be a fortune

The FT’s quick guide to the UK mini-Budget Main points and key data from Kwasi Kwarteng’s economic announcement

Stamp duty cut unlikely to help most first-time housebuyers, say experts Measures will do little to insulate those purchasing from the effects of rising interest rates

Kwasi Kwarteng rolls the dice to try to kick-start UK economic growth New chancellor tells the FT it is vital to reset fiscal policy and start cutting taxes

www.financialreporter.co.uk

Bank of England 'open' to exploring long-term fixed rate mortgages Governors at the Bank of England have said they would consider long-term fixed rate mortgages with an

Annual house price growth at highest level since 2004: Halifax House prices increased by 1.8% in June, the twelfth consecutive increase and the biggest monthly rise since 2007, according to the latest Halifax house price index.

Nationwide: Annual house price growth 'slows' to 10.7% in June Annual house price growth has seen a modest slowing in June, dropping to 10.7% from 11.2% in May, pushing the price of a typical UK home up to a new record high of £271,613, according to this morning's data from Nationwide.

Remortgage activity spikes as borrowers prepare for further rate rises May saw a spike in remortgage activity as borrowers looked to beat further rate rises, according to new research from Legal & General Mortgage Club’s SmartrCriteria tool.

UK inflation hits new 40-year high of 9.1% CPI inflation rose by 9.1% in the 12 months to May, up from 9.0% in April to a new 40-year high, according to the latest ONS data.

Asking prices hit fifth record high but pace of growth slows: Rightmove The average price of property coming to market has hit another new record for a fifth consecutive month, rising by 0.3% to £368,614, according to the latest Rightmove data.

Bank of England confirms withdrawal of mortgage market affordability test Following its latest review of the mortgage market, the Bank of England's Financial Policy Committee has confirmed that it will withdraw its affordability test Recommendation.

Bank of England raises interest rates to a 13-year high of 1.25% The Bank of England's Monetary Policy Committee has voted to increase the Bank Rate from 1.0% to 1.25%, marking the fifth consecutive increase as the Committee continues to try and keep rising inflation under control.

Boris confirms new mortgage affordability and Right to Buy plans: Industry reacts Prime minister Boris Johnson has today confirmed plans which will allow homebuyers on lower wages to use housing benefit - currently amounting to £30 million per year - towards their mortgage.

House prices set to rise despite fall in buyer demand: RICS Demand from prospective house buyers fell in May 2022 - a potential side effect of the rising cost of living and higher interest rates - although house prices in the short term are expected to rise, according to the latest RICS Residential Market Survey.