Page 30 - Base Rate News Today

Annual house prices fell again in September as high borrowing costs continued to dent the market, according to Halifax.

House prices in 2023 have been sliding, and in September, the average house price fell by -0.4% - the sixth consecutive fall this year. But the pace of the monthly decline has slowed; in August, the s

Prices fell by 0.4 per cent in September and are now around £14,000 below their peak in August last year, figures from the nations largest mortgage lender show. An average home is now £278,601.

Easy access savers are currently benefitting from interest rates of up to 5.2 percent - the highest seen in decades.

An insight from Marcus Kaye, Senior Associate Solicitor in the Real Estate team at Blacks Solicitors

First directs lowest five-year fixed-rate mortgage deal has dropped to 4.92 percent.

EXCLUSIVE: Amid harsher tax allowance cuts, flexible ISAs offer a range of crucial benefits that can help people protect their wealth, experts have said.

Shawbrook Bank said it remains committed to offering competitive savings accounts despite the unchanged Base Rate.

The typical five-year fixed mortgage rate on the market is 5.99 percent, Moneyfacts said.

Hungarian rate-setters kept the base rate at 13.0% at a regular policy meeting.