Landlord News
Economists Predict Interest Rate Cuts and 5% Surge in House Prices in 2024
In a striking prediction, economists are forecasting a dual shift in the UK’s financial landscape for 2024: a reduction in interest rates coupled with a…
interest rates
Landlord News
Drastic Shift in the Buy to Let Mortgage Landscape
Monthly interest costs have surged by 283% since 2021 for landlords using interest-only mortgages, highlighting the dramatic effects of rising interest rates, while those making…
Landlord News
Paragon Bank Announces Rate Cuts on Buy-to-Let Mortgages, Expanding Options for Landlords
In a move aimed at providing more choices for landlords, Paragon Bank has announced significant reductions in rates across its range of five-year fixed-rate buy-to-let…
Landlord News
Bank of England Retains Interest Rates: Reactions and Implications for the Property Market
In a move marking a departure from the trend observed over the past 15 months, the Bank of England has elected to keep interest rates…
Landlord News
Bank of England’s Rate Hike Takes Interest to 15-Year High of 5.25% – Industry Reaction
The Bank of England (BoE) has raised UK interest rates to 5.25%, a level not seen in the last 15 years, marking the 14th consecutive…
Landlord News
Decade-high Interest Rates Predicted to Cause Significant Plunge in UK House Prices
Economists are raising alarms about the UK’s housing market, forecasting a significant drop in house prices with minimal chances of recovery due to persistently high…
Landlord News
UK Interest Rates Forecasted to Rise Yet Again, Despite Dip in Inflation
Despite the recent dip in UK inflation, the Bank of England (BoE) is expected to hike interest rates again next month, according to Nigel Green,…
Landlord News
Bank of England could be forced to hike interest rates to 7%, economists warn
In a bid to curb stubbornly high inflation, the Bank of England could potentially raise the UK base rate as high as 7%, warns US…
Landlord News
UK Mortgage Holders Granted 12 Month Grace Period Amid Rising Interest Rates
In the wake of soaring interest rates, mortgage holders in the UK are set to receive a one-year grace period before lenders initiate repossession proceedings….
Landlord News
Bank of England’s Hefty Interest Rate Hike: The Implications for Mortgages, Savings, and Landlords
The Bank of England has delivered an unexpected blow to the economy with a substantial 0.5% increase in interest rates, pushing them up to 5%….
Landlord News
Bank of England Administers ‘Shock Therapy’ with Unanticipated Rise in Interest Rates to 15-year High
In an unexpected move, the Bank of England (BoE) has raised interest rates by 0.5% to 5% in its latest attempt to curb the UK’s…
Landlord News
Inflation Holds at 8.7% Prompting Near-Certain Interest Rate Hike
The price rise rate continues to stubbornly hover at 8.7%, in spite of economists’ predictions of a slight decrease, which could have provided some relief…
Landlord News
Major Lender’s Rate Hike Could Spell the End for Buy-to-Let Sector, Warns Industry Experts
The mortgage industry is facing a potentially seismic shift, as NatWest, a leading lender, announced changes to its product ranges that could have severe implications…
Landlord News
Property Market Faces Headwinds as Interest Rates Rise, RICS Report Warns
The latest report from the Royal Institution of Chartered Surveyors (RICS) provides a bleak outlook for both buyers and renters, suggesting the imminent rise in…
Landlord News
Mortgage Market Takes a Hit as Rising Interest Rates Prompt Lenders to Withdraw Numerous Deals
A sharp decline in the availability of mortgage deals has been witnessed over the last week, recent data reveals. On the 30th May, Moneyfactscompare.co.uk recorded…
