Nationwide latest lender to raise mortgage rates again
Posted on 16th Jun 2023
One broker describes the current situation as a vicious circle as the mortgage maelstrom continues.
News
Finance
Odey firm to be broken up after harassment claims against its founder
Posted on 15th Jun 2023
The hedge fund will be dismantled after allegations emerged about its founder Crispin Odey.
Is food inflation higher in Europe than in the UK?
Posted on 20th Jun 2023
Food prices are growing faster in the UK than in Germany, Portugal or Sweden.
Jeremy Hunt rules out government mortgage support
Posted on 20th Jun 2023
The chancellor says introducing help for mortgage holders would fuel further inflation.
People turn to microwave meals as food prices soar
Posted on 20th Jun 2023
People are thinking more about what they eat and how they cook, research shows.
Rent takes up biggest share of pay for 10 years
Posted on 20th Jun 2023
Tenants are spending 28% of their earnings on rent, the biggest proportion for a decade, new figures show.
Morrisons and M&S follow rivals to cut food prices
Posted on 19th Jun 2023
Basic items are to be discounted as retailers face pressure to help ease the cost of living.
Mortgage rates: Average two-year fix now above 6%
Posted on 19th Jun 2023
It is the first time since December that the rate has been as high as 6%, driving up costs for homeowners.
Will soaring mortgage costs push the UK into recession?
Posted on 18th Jun 2023
There is unexploded ordnance in the UK economy, and there are fears that it will start to ignite.
Mortgages to go up by average of £2,900 a year for 800,000, says Resolution Foundation
Posted on 17th Jun 2023
Rising rates means those looking to remortgage will pay £2,900 a year more in 2024, a think tank says.
Mortgages: What happens if I am really struggling?
Posted on 16th Jun 2023
Homeowners are worried about higher mortgage costs, but lenders must help those struggling.
Average two-year mortgage rate close to 6%
Posted on 16th Jun 2023
Lenders have been increasing the cost of new fixed-rate deals rapidly during a tumultuous week.
Amazon cleared to buy iRobot vacuum cleaner maker
Posted on 16th Jun 2023
The UK competition watchdog says the online giant can buy iRobot, the maker of Roomba cleaners.
Nationwide latest lender to raise mortgage rates again
Posted on 16th Jun 2023
One broker describes the current situation as a vicious circle as the mortgage maelstrom continues.
Odey firm to be broken up after harassment claims against its founder
Posted on 15th Jun 2023
The hedge fund will be dismantled after allegations emerged about its founder Crispin Odey.
US holds interest rates steady in first since 2022
Posted on 15th Jun 2023
But the Federal Reserve also said it expected to push rates higher before the end of the year.
UK has no alternative to Bank interest rate rises to calm inflation - Hunt
Posted on 15th Jun 2023
Chancellor says he "unstintingly" supports the Bank of England to "do what it takes" to cut inflation.
What is the UK inflation rate and why is the cost of living rising?
Posted on 14th Jun 2023
The rate at which prices are rising remains high, driven by soaring food prices.
Morrisons and M&S latest to cut price of basics
Posted on 19th Jun 2023
Scores of goods are to be discounted as retailers face pressure to help ease the cost of living.
Average two-year mortgage rate breaches 6%
Posted on 19th Jun 2023
It is the first time since December that the rate has been as high as 6%, prompting worry for borrowers.
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