UK interest rate rises to 5%
Posted on 22nd Jun 2023
Interest rates have risen by more than expected to 5% from 4.5%, making the cost of borrowing more expensive.
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Posts with Tag: Personal finance
Five tips for saving money on your mortgage
Posted on 22nd Jun 2023
With interest rates rapidly rising, what do experts say about coping with costs?
Interest rates set to rise for 13th time in a row
Posted on 22nd Jun 2023
Analysts expect the base rate to go up from 4.5% to 4.75%, to tackle rising prices.
Interest rates: How a rise affects you and your money
Posted on 22nd Jun 2023
The Bank of England is expected to raise rates from a current level of 4.5% to control price rises.
Warning homeowners face 20% drop in disposable income
Posted on 21st Jun 2023
Some 1.4 million mortgage holders will see their disposable income fall by more than 20%, a think tank says.
What is the UK inflation rate and why is it so high?
Posted on 21st Jun 2023
The rate at which prices are rising remains high, driven by soaring food prices.
Jeremy Hunt rules out government help on mortgages
Posted on 20th Jun 2023
Jeremy Hunt says help for mortgages would fuel further inflation but will meet lenders this week.
Rent: 'We've got £1,750 a month and can't find anywhere'
Posted on 20th Jun 2023
Tenants are spending 28% of their earnings on rent, the biggest proportion for a decade, new figures show.
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.
Warning interest rate rise to slash spending power
Posted on 21st Jun 2023
Some 1.4 million mortgage holders will see their disposable income fall by more than 20%, a think tank says.
Jeremy Hunt rules out government help on mortgages
Posted on 20th Jun 2023
Jeremy Hunt says help for mortgages would fuel further inflation but will meet lenders this week.
What is the UK inflation rate and why is it so high?
Posted on 20th Jun 2023
The rate at which prices are rising remains high, driven by soaring food prices.
Rent: 'We've got £1,750 a month and can't find anywhere'
Posted on 20th Jun 2023
Tenants are spending 28% of their earnings on rent, the biggest proportion for a decade, new figures show.
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.
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.
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.
Jeremy Hunt rules out government mortgage support
Posted on 20th Jun 2023
The chancellor says introducing help for mortgage holders would fuel further inflation.
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.
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.