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There could still be a ‘choppy period’ ahead for mortgage holders despite inflation in Britain falling to a 16-month low, industry experts warn. Inflation has dropped to 7.9% in the year to June, according to the Office for National Statistics (ONS). It also fell from 8.7% in May - a better result than many

Britain faces a mortgage bomb as interest rates rocket and the property market looks set to implode. Yet there are still hopes that the damage can be contained.

Mortgage and Property experts have been sharing their reaction - and concerns - to this latest base rate hike as follows:

The inflation rate in the UK is now below double digits - falling to 8.7% in April from 10.1% in March. A welcome drop but below market expectation. What does the industry make of the latest figure? Livemore managing director of capital markets and finance Simon Webb explains that high energy prices have played a big

There were 76,630 homeowner mortgages in arrears of 2.5% or more of the outstanding balance in the first quarter of 2023, 2% greater than in the previous quarter, according to the latest data from UK Finance. Within the total there were 27,700 homeowner mortgages in the lightest arrears band (representing between

Today's announcement from the Bank of England that UK base rates are to increase by 0.25% from the previous rate of 4.25% to a new rate of 4.5%, must hardly

The consumer prices index (CPI) rate of inflation has eased slightly to 10.1% in the 12 months to March 2023, down from 10.4% in February.

The value of new mortgage commitments in the final quarter of 2022 stood at £58.4bn, says the Bank of England (BoE) in its new Mortgage Lenders and Administrators Statistics report. This marked a 33.5% fall on Q3 2022, when this value stood at £87.8bn and presents a 24.5% drop compared to a year previous (£77.3bn).

Inflation in the UK was 10.1% in January, the latest data from the Office for National Statistics (ONS) reveals. January’s figure is down from the 10.5% reported in December and down from a peak of 11.1% in October. The easing in the annual inflation rate in January 2023 mainly reflected price changes in the

The number of mortgage approvals granted fell from 46,186 in November 2022 to 35,612 the following month, new Bank of England (BoE) figures show. The value of these approvals fell from £10.2bn to £8.1bn on the month. This compares to a six-month average of 62,180 approvals and a value of £14.1bn. Remortgage approvals