Interest Rates Rise to 4.5%
- 11-05-2023
- News
Unfortunately, rates have increased again as I predicted last month. Not as much as in previous months where we saw a number of 0.5% increases. This month we saw an increase of 0.25%.
Interest rates rise to 4%
- 02-02-2023
- News
The Monetary Policy Committee has without any real surprise increased interest rates by 0.5% to 4%. The highest it has been in 15 years.
House prices continue to fall in 2023
- 06-01-2023
- News
House prices started to fall towards the end of 2022, as we move into 2023 the news is no better and anticipated to get worse. Some are predicting up to a 15% drop before we see any recovery. What does it all mean?
Interest Rates Rise to 3.5%
- 15-12-2022
- News
As expected the base rate rose again this month. Although slightly better than the anticipated 0.75% increase the MPC voted for a 0.5% increase. The next meeting is on the 2nd of February 2023.
Inflation up, mortgage rates down!
- 16-11-2022
- News
It's been a mixed kind of day, inflation has reached its highest level in 40 years but mortgage rates are coming down.
Interest rates rise to 3%
- 03-11-2022
- News
Unsurprisingly the Bank of England voted in favour of increasing the base rate again this month. That takes it to 3% with one more increase anticipated before 2022 draws to a close.
Some mortgage rates drop 0.5%
- 26-10-2022
- News
It would appear the mini-budget reversal by the conservative party is having the right effect on the markets. As a result lenders are starting to reduce mortgage rates.
30m struggling with bills says FCA
- 21-10-2022
- News
The FCA has published updated data on their Financial Lives survey. The data suggests 30m are now struggling to keep up with their bills in the current climate.
Inflation breaks 10%
- 19-10-2022
- General
The latest inflation figures are out, not a surprise but CPI has broken the 10% mark again. CPIH is currently 8.8%. Whilst the increase is unlikely to have a significant impact on its own that still doesn't detract from the point it is getting worse.
Is Purplebricks in trouble? Probably
- 09-08-2022
- News
Purplebricks is an online estate agent. They have full UK coverage and do well in terms of property sold but the issue is that they are simply too cheap! Yes you heard that right. 2021 accounts reveal a reduction in revenue of £20m with overall losses for the year at £42m.
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