Average price for a home drops by 0.1% to £271,079 in August compared with July, according to Nationwide.
Read MoreUK house prices in surprise fall amid high mortgage costs
Tag: inflation
Bank of England forecast to cut interest rates amid rising unemployment and Trump tariffs
City predicts quarter-point drop to 4% when MPC meets on Thursday.
Read MoreWhat next for mortgage rates – and how long should you fix for?
The lowest fixed rate mortgage deals remain at around 4 per cent – and there is an expectation that rates may fall slightly further but not by much.
Read MoreWhen will interest rates go down again?
The Bank of England has cut interest rates from 4.5% to 4.25% at its latest meeting in May – the second reduction in 2025.
Read MoreTwo mortgage lenders increase prices as Barclays makes gloomy interest rate forecast
Higher inflation could mean Bank of England cuts interest rates more slowly.
Read MoreBTL investment will retain its allure
Whereas those who invested in property were once seen as being ahead of the curve or making a sensible decision, there are now those who appear to believe they are making some sort of terrible mistake.
Read MoreInflation rises to 3% – what it means for your mortgage, pension and more
Inflation has risen again after falling in last month’s reading – it is at the highest level in 10 months
Read MoreHomeowners in the North hardest hit by higher mortgage costs with number in arrears rising
Homeowners in parts of Northern England are more than twice as likely to be behind on their mortgage repayments as those in the south, new research has revealed.
Read MoreLenders cut mortgage costs despite Bank decision to freeze base rate
Mortgage lenders are cutting rates despite the Bank of England decision yesterday to hold the base interest rate at 5%.
The Bank’s Monetary Policy Committee voted by a majority of 8–1 to maintain the rate at 5% after making a cut of 0.25% last month.
Read MoreMortgage rate cuts are unlikely to be ‘disturbed’ by first inflation rise of the year – here’s why
The trend of lenders cutting mortgage rates is unlikely to be ‘disturbed’ by the first inflation rise of the year, according to experts.
Inflation rose to 2.2 per cent in the 12 months to July, up from 2 per cent the previous month, ONS figures revealed earlier today.
While it means inflation is back above the Bank of England’s 2 per cent target, it was a smaller-than-expected rise with markets expecting a 2.3 per cent increase.
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