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Property Market News

News and information about Home Legal Direct and about the conveyancing industry as whole.

UK inflation holds
Property Market News

UK Inflation Holds Steady at 4% Amidst Economic Headwinds

Inflation in the United Kingdom remained at 4% in January, defying expectations of a modest rise to 4.2%, according to official figures released by the Office for National Statistics. This stability, though surprising to many economists, was attributed to lower food prices, which offset the escalating costs of gas and

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interest rates
Property Market News

Bank of England Keeps Interest Rates Stable Amid Economic Uncertainties

The Bank of England recently confirmed its decision to maintain the base interest rate at 5.25% for the third consecutive time, signalling a commitment to stabilizing borrowing costs in the UK. In a statement, Governor Andrew Bailey emphasized the need for a “restrictive” monetary policy to counter persistent inflationary pressures.

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remortgage early
Property Market News

Maximizing Savings: Is It Time to Remortgage Early?

The recent announcement by Nationwide Building Society of significant rate cuts has sparked the interest of homeowners looking to save on their mortgage repayments. For those who locked into higher rates earlier this year, the prospect of lower monthly payments is enticing.

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