Interest rates are an indicator of how much you’ll repay on a borrowed financial product, such as a mortgage. While the UK has one of the world’s largest mortgage markets, how do interest rates affect the 25% of UK residents that own one?
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Buy-to-let mortgage activity surges: Is there hope for landlords?
Buy-to-let mortgage numbers soared by nearly 40% at the end of 2024, raising hopes of revival for this sector of housing market.
Read MoreMajority of first-time buyers do not know how to get the best mortgage rate, poll finds
An overwhelming majority – 84% – of first-time buyers are unaware of how to get the best mortgage rate, research from a broker found.
Read MoreWhy porting a mortgage might be right for you when moving to a new home
If you’re moving house, there’s one extra item you might want to take with you – but you need to work out if it’s the best option
Read MoreBriton’s average annual mortgage bill soars £2,800 in just two years due to rocketing rates
The typical homeowner is paying £2,829 more on their mortgage each year than they were in 2022 thanks to rocketing interest rates.
Read MoreInterest rates will go down gradually, says Bank of England
The Bank of England has warned economic and global trade uncertainty has “intensified” as it held UK interest rates at 4.5%.
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 MoreAdvice for first-time buyers facing ‘stiff competition’ for homes
First-time buyers are being urged to save ‘that little bit extra’ for a deposit as analysis showed there was tough competition for the homes in their price range.
Read MoreMortgage price wars heat up as five major lenders cut interest rates after Bank of England decision
Yorkshire Building Society, Halifax, Santander, and Virgin Money have all unveiled rate cuts across their product ranges.
Read MoreInterest rates: What does a 0.25% cut mean for your mortgage, savings and bills?
The Bank of England (BoE) have today announced their base rate is to be cut 25 basis points, leaving the Bank Rate – what we might simply call the interest rate – at 4.5 per cent, the lowest it has been in the UK since mid-June 2023.
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