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The housing market in the UK appears to be on the rise as house prices are anticipated to go up this year based on the recent report from Knight Frank which suggests that attractive mortgage rates and a potential interest cut by…
The inflation rate in the UK has slightly gone up for the first time this year deviating from the 2% rate seen in recent months. Recent official data shows a 2.2% increase in prices in July surpassing the Bank of England’s 2% target…
A major development in the UK housing sector has been the recent decrease in mortgage rates by financial institutions such as HSBC and Barclays following a base rate cut by the Bank of England. This competitive approach…
The recent announcement by the Bank of England to lower the interest rate from 5.25% to 5% represents its first reduction since March 2020 attributed to the impact of the pandemic. The decision supported by a majority within the…
The Bank of England is currently under pressure to reduce interest rates, with influential voices arguing this could alleviate the financial burden on households and businesses across the UK. A potential cut could be announced…
Buying a home is one of the most significant financial decisions anyone can make, and it’s stressful enough without additional complications. Recently, consumer advocate and finance expert Martin Lewis has sounded the alarm…
In a historic turn of events, the Labour Party has secured a sweeping victory in the recent general election, winning over 400 seats and decisively ousting the Conservative incumbents. Sir Keir Starmer, the newly elected Prime Minister…
For the first time in nearly three years, the UK’s inflation rate has hit the Bank of England’s target of 2%. Official figures released show that prices rose at an annual rate of 2% in May, down from 2.3% in April. This milestone is seen as a…
The UK housing market has returned to its pre-pandemic size, according to the latest analysis from Savills. This marks a significant milestone, considering the dramatic fluctuations the market has experienced over the past few years…
In a period marked by economic uncertainty and shifting market dynamics, the latest Halifax House Price Index reveals that average UK house prices remained remarkably stable in May. According to the data, there was a marginal decrease of 0.1%…
